Wells Fargo files WFUSD trademark for crypto services
Wells Fargo filed a USPTO trademark application for ‘WFUSD’ covering cryptocurrency trading, payments, staking, tokenization and blockchain software services.
Wells Fargo submitted a trademark application to the U.S. Patent and Trademark Office on Tuesday seeking protection for the name ‘WFUSD.’ Official USPTO records show the filing is awaiting assignment to an examining attorney.
The application lists a range of digital-asset products and services under the WFUSD mark. It names cryptocurrency trading services, cryptocurrency exchange services, financial brokerage services for cryptocurrency trading, electronic transfer of virtual currencies and cryptocurrency payment processing.
The filing also covers software and platform offerings. It specifies downloadable software for staking digital assets, accessing non-fungible tokens, managing crypto wallets and executing digital asset trades. The application includes software-as-a-service platforms for tokenizing assets, verifying blockchain transactions and enabling staking operations. Authentication services, blockchain-based data transmission tools for decentralized applications and financial data feeds that deliver price information to smart contracts are included in the descriptions.
A trademark filing secures a name and the right to use it for listed goods and services if the USPTO grants the mark. Such filings do not guarantee that a product or service will be launched. The USPTO must review the application, assign an examining attorney and complete its examination before the mark can be approved or refused.
The WFUSD filing comes amid activity by major U.S. banks on stablecoins and other digital-asset initiatives. Reports have noted discussions among several large banks about a possible joint stablecoin project targeted for 2025. Separately, a dollar-pegged stablecoin called FIDD was launched on the Ethereum blockchain earlier this year.
Wells Fargo is one of the largest U.S. banks. The trademark application outlines a set of potential capabilities tied to cryptocurrencies and blockchain services, and the USPTO will continue its review process according to standard procedures.
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