The U.S. Bank has established a dedicated department for Digital Assets and Money Movement

BlockBeats News, October 16th, according to Reuters, U.S. Bancorp (NYSE: USB) announced the establishment of a dedicated department focusing on digital assets and funds flow business to accelerate digital product development and expand revenue from emerging financial services.

U.S. Bancorp's Chief Digital Officer, Dominic Venturo, stated that customers are seeking to leverage digital assets for safe funds transfer, deposit management, and asset tokenization. The new department will focus on stablecoin issuance, cryptocurrency asset custody, asset tokenization, and digital payments.

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