Wells Fargo pondrá a prueba su Stablecoin vinculado al dólar para la liquidación interna

U.S.-based financial giant Wells Fargo is developing a U.S. dollar-linked stablecoin that will run on the firm’s first blockchain platform.

Dubbed Wells Fargo Digital Cash, the tokenized dollar will be used in a pilot initially for internal settlement across the company’s business.

The firm said in a press release on Tuesday that the digital token will enable to settle internal cross-border payments across its global network. Its international locations will also be able to move funds between each other using the token.

As banking services become increasingly digital, Wells Fargo sees “a growing demand to further reduce friction regarding traditional borders, and today’s technology puts us in a strong position to do that,” said Lisa Frazier, head of the Innovation Group at the company.

Wells Fargo says its proprietary digital ledger tech (DLT) platform will enable it to move money in “near real-time” and “without impact to the underlying account, transaction postings or reconcilement infrastructure.”

It will also allow the firm’s international locations to move funds outside normal operating hours, remove the need for third-party payment intermediaries and cut the time and costs associated with such transactions.

The pilot, slated for next year, will start with transfers of U.S. dollars, but is expected to expand to other currencies. Eventually, it also aims to reach all Wells Fargo branches worldwide.

Frazier said:

«Creemos que DLT es prometedor para una variedad de casos de uso, y estamos animados a dar este paso significativo en la aplicación de la tecnología a la banca de manera material y escalable». Wells Fargo Digital Cash tiene el potencial de permitir que Wells Fargo elimine las barreras a las interacciones financieras en tiempo real entre múltiples cuentas en múltiples mercados de todo el mundo «.

Wells Fargo ha lanzado previamente otros proyectos de blockchain, incluido un prototipo bancario y una plataforma de financiación comercial dirigida al mercado del algodón. También ha invertido en la startup de finanzas blockchain Axoni.

Más allá del acuerdo interno, la firma dice que planea usar su plataforma DLT para otras aplicaciones «múltiples».

Pagina original:

Wells Fargo to Pilot Dollar-Linked Stablecoin for Internal Settlement

 

deja tus comentarios



Categorías:Noticias

Deja un comentario

A %d blogueros les gusta esto: