Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails

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Wells Fargo is joining JPMorgan and Citi in the push to tokenize Wall Street's settlement rails, leveraging its proprietary blockchain to enable automatic routing of payments through its existing client interface, reportedly aiming to reduce settlement times and costs. This move is expected to further accelerate the adoption of blockchain technology in the financial sector, driving increased efficiency and security.