"to accelerate development of and grow revenue from emerging digital products and services such as stablecoin issuance, cryptocurrency custody, asset tokenization and digital money movement."
"Digital assets are rapidly evolving, and U.S. Bank is well-positioned as they grow and become more common across financial services,"
"thrilled to have an opportunity to lead this Digital Asset and Money Movement team,"
"working with a trusted partner that is developing the next generation of dig"
U.S. Bank established a Digital Assets and Money Movement organization to accelerate development and revenue from stablecoin issuance, cryptocurrency custody, asset tokenization, and digital money movement. Payments veteran Jamie Walker will lead the division and will continue as head of Merchant Payment Services and CEO of Elavon until a successor is named. The organization will serve as a central hub for the bank's digital asset strategy, enabling cross-department collaboration, knowledge sharing, expansion of existing capabilities, and creation of digital-first services aligned with the fast-changing fintech landscape. Earlier this year, the bank resumed crypto custody services with NYDIG as sub-custodian and expanded custody to include bitcoin ETFs after clearer regulatory guidance.
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