JPMorgan2026-08-26 15:33:35JPMorgan Weighs In-House Stablecoin as Major Banks Explore Global AllianceJPMorgan has recently evaluated launching its own stablecoin, according to The Wall Street Journal, which cited people familiar with the matter. The bank has already been active in blockchain-based financial infrastructure through Kinexys, its platform focused on institutional blockchain payments and tokenization use cases, and has rolled out digital asset solutions for institutional clients. Separately, JPMorgan, Bank of America, Wells Fargo, and Santander are moving forward with plans to explore a global stablecoin alliance backed by large financial institutions. The reported effort would center on cooperation around bank-issued or bank-supported stablecoins for use in global payments, cross-border settlement, and digital asset trading. The proposal remains at an exploratory stage, and neither its final structure nor its technical design has been determined.950
Wells Fargo2026-08-24 12:12:21Wells Fargo Raises Marvell Target to $310, Sees Nearly 31% UpsideWells Fargo said Marvell Technology (MRVL.O) has had a strong year and still has room to rise as the company prepares to report its latest quarterly results. The firm kept an Overweight rating on the chipmaker and raised its price target from $240 to $310, which it said implies nearly 31% upside from Friday’s close. Wells Fargo also said Marvell looks more like a chip company with its own growth logic, rather than one that simply moves with the broader chip cycle.1060
Wells Fargo2026-08-24 12:11:29Wells Fargo Raises Marvell to Overweight, Lifts Target to $310Wells Fargo upgraded Marvell Technology (MRVL.O) to Overweight and raised its price target from $240 to $310. The bank said the chipmaker has had a strong year and still has room to rise as it prepares to report its latest quarterly results. Analyst Aaron Rakers said Marvell looks more like a chip company with its own growth drivers, and it may outpace the broader industry whether the sector is in a good cycle or a bad one. Based on Wells Fargo’s new target, Marvell still has nearly 31% upside from Friday’s close.1010
Wells Fargo2026-08-12 11:25:52Wells Fargo raises Microsoft price target to $700, keeps overweight ratingWells Fargo has lifted its price target on Microsoft to $700 from $650 while maintaining an overweight rating on the stock, according to a BlockBeats report dated Aug. 12. The analysts said open models are cutting costs and making AI tools more widely available. They also pointed to a CIO survey that showed customers shifting toward hybrid AI models. In Wells Fargo’s view, that shift is helping increase terminal value for platforms. The target revision also reflects investor recognition of Microsoft’s competitive position in artificial intelligence and cloud computing. At the same time, the bank’s comments suggest expectations are building for a wider gap in returns between software sector winners and losers. No other rating change or financial guidance update was mentioned in the report.1470
Wintermute2026-08-11 12:20:14Wintermute says weak U.S. jobs data cooled rate hike bets as crypto ETFs drew nearly $1.1 billionWintermute said in a market update published on Aug. 11 that weaker-than-expected U.S. July nonfarm payrolls reshaped rate expectations and helped revive risk appetite across global markets. According to the report, payrolls fell by 23,000 instead of rising by the 80,000 expected, while about 264,000 people left the labor force. Wage growth slowed to 3.2%, and market pricing for a Federal Reserve rate hike in September dropped from 55% to 40%. The firm also said U.S. spot Bitcoin ETFs posted net inflows for five straight trading sessions, totaling about $853.5 million, their best week since mid-April. Spot Ether ETFs logged a fifth consecutive week of positive inflows at roughly $244.9 million. BlackRock accounted for more than 80% of combined flows. Even so, Bitcoin rose only 2.15% for the week and Ether added 1.39%, both trailing the S&P 500’s 3.51% gain. Wintermute’s report also highlighted institutional blockchain adoption outside direct crypto exposure. It said Wells Fargo plans to launch a tokenized deposit service this fall for corporate clients on the U.S. dollar-to-pound corridor, with expansion planned for 2027. The report added that a procedural vote in the U.S. Senate on the crypto-related CLARITY Act has been scheduled for Sept. 15.1650
Wells Fargo2026-08-08 15:44:53Wells Fargo plans tokenized deposits rollout for business clients in fall 2026Wells Fargo is preparing to launch tokenized deposits for select corporate and commercial clients in fall 2026, starting with U.S. dollar and British pound transactions and aiming to widen access in 2027 to more clients and currencies. The product would remain a bank liability, but use blockchain rails to support always-on transfers, programmable payments, faster settlement, and clearer transaction visibility. The move places Wells Fargo among a growing group of major banks working on blockchain-based payment infrastructure. JPMorgan has already expanded blockchain payment services for institutional clients, while other large financial institutions are building similar products and shared networks. At the same time, stablecoins such as USDC continue to grow in circulation and transaction volume, and are already used across crypto markets, payment networks, and tokenized finance platforms. The report notes that tokenized deposits keep funds within the regulated banking system while adding time-flexible transfers and condition-based payments. Broader enterprise adoption of both tokenized deposits and stablecoins will still depend on accounting treatment, regulatory rules, and interoperability across networks.1790
Wells Fargo2026-08-06 18:28:15Wells Fargo to Launch Tokenized Deposits for Corporate Clients This FallOdaily reported on Aug. 6, 2026 that Wells Fargo will introduce tokenized deposit services for corporate clients this fall. In the initial phase, the service will support transactions between US dollars and British pounds. It will integrate with the bank's existing payment platform, and for eligible transactions, the system will automatically switch to tokenized deposits when there is room to improve speed, timing, or flexibility. Wells Fargo said the new system enables around-the-clock transfers, including weekends and holidays, with no interruption to service. The bank also plans to roll out programmable payments that release funds once preset conditions are met. Deposits will remain liabilities of the bank and will carry the same regulatory protections and deposit insurance eligibility as traditional products. Cosmos Labs co-CEO Magmar said the blockchain used by Wells Fargo is built on Cosmos technology. The bank intends to broaden the service in 2027, adding more clients, countries, and currencies.2560
Wells Fargo2026-08-04 19:18:36Wells Fargo plans tokenized deposit service for corporate clients this fallWells Fargo plans to roll out a tokenized deposit service for corporate and commercial clients this fall, according to The Wall Street Journal, as the bank steps deeper into blockchain-based payments infrastructure. The initial launch will support cross-border transactions in U.S. dollars and British pounds, giving clients a way to move, program and settle funds in digital form in real time. The bank expects the service to expand to additional currencies and markets by 2027. Earlier, Wells Fargo filed a trademark application for “WFUSD,” a move that has fueled speculation that it could introduce a U.S. dollar stablecoin. The upcoming platform is also expected to work with industry-backed tokenized deposit networks and other private blockchains, placing the bank alongside similar efforts already pursued by JPMorgan and Citi.1730
