U.S. Bank Launches Digital Assets Unit Focused On Stablecoins And Tokenisation

U.S. Bank has established a new Digital Assets and Money Movement organisation to accelerate development of emerging digital products including stablecoin issuance, cryptocurrency custody, asset tokenisation and digital money movement.
 

Jamie Walker, a veteran in the payments industry with over 20 years at U.S. Bank, will lead the new division. Walker has spent the past eight years leading Merchant Payment Services (MPS) at U.S. Bank and serving as CEO of Elavon, the bank's global merchant payment acquiring business. He will continue in his MPS role whilst the company searches for his successor, after which he will report to Dominic Venturo, chief digital officer at U.S. Bank.

Dominic Venturo, chief digital officer, U.S. Bank
 

"Digital assets are rapidly evolving, and U.S. Bank is well-positioned as they grow and become more common across financial services. Clients increasingly want to understand how digital assets can help them safely move money, store deposits and use tokenised assets, among other potential use cases. Jamie's deep, global experience in payments and his broad understanding of customer needs across segments and industries will be vital as we innovate in smart, safe digital banking and payments well into the future,"

Dominic Venturo, chief digital officer, U.S. Bank

Jamie Walker, U.S. Bank

Walker said he was excited about the opportunity to lead the new team.

"U.S. Bank has a long history of leadership and innovation, and I'm thrilled to have an opportunity to lead this Digital Asset and Money Movement team. We've been at the forefront of payments and money movement. Our clients benefit from working with a trusted partner like U.S. Bank that is developing the next generation of digital capabilities,"

Jamie Walker

The new Digital Assets and Money Movement organisation will establish and execute the bank's digital asset strategy and serve as a hub for knowledge and expertise across U.S. Bank.
 

U.S. Bank is the fifth-largest bank in the United States. The company has been active in payments innovation, including early adoption of digital wallets, integration with the Real Time Payments (RTP) network and FedNow, and expansion of embedded payment solutions.
 

U.S. Bancorp has approximately 70,000 employees and $686 billion in assets as of 30th June 2025.

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