Wells Fargo (WFC), one of the largest U.S. banks overseeing $1.7 trillion in assets, has filed a trademark application for a new digital asset-focused platform branded as WFUSD, signaling that the bank is pushing deeper into crypto and blockchain.

According to a Tuesday filing for the United States Patent and Trademark Office (USPTO), WFUSD would offer services such as “cryptocurrency payments processing,” “execute trades of digital assets” and “services featuring software for tokenization of assets,” among others.

The move mirrors global bank JPMorgan’s similar, digital asset-related trademark filing last year for “JPMD.” That foreshadowed the launch a permissioned USD deposit token under the same name on Base, the layer-2 network built…