U.S. Bank Launches New Digital Assets and Money Movement Division to Drive the Next Era of Payments Innovation
U.S. Bank (NYSE: USB), the fifth-largest commercial bank in the United States and a recognized leader in financial technology and payment innovation, has announced the creation of a new Digital Assets and Money Movement organization. The initiative marks a strategic step forward in the bank’s mission to expand its footprint in emerging financial technologies such as stablecoin issuance, cryptocurrency custody, digital tokenization, and advanced money movement solutions.
As the financial landscape continues to evolve with the growing influence of blockchain, tokenized assets, and real-time payment systems, U.S. Bank’s new organization is designed to position the institution at the forefront of digital transformation in banking. The move underscores the bank’s commitment to adapting its services to meet the needs of both retail and commercial clients navigating a rapidly digitizing economy.
A Strategic Leap into the Future of Banking
U.S. Bank’s decision to establish a dedicated Digital Assets and Money Movement division represents more than a simple restructuring—it signals a major strategic shift toward redefining how money moves in the modern economy. The new organization will focus on accelerating product development, fostering innovation, and generating new revenue streams from emerging technologies in the digital finance ecosystem.
Digital assets have quickly become an integral part of global financial markets. From cryptocurrencies and stablecoins to tokenized real-world assets and central bank digital currencies (CBDCs), the future of banking increasingly depends on how institutions integrate these innovations into their traditional systems. U.S. Bank aims to bridge that gap—offering clients access to cutting-edge digital solutions while maintaining the stability, security, and regulatory rigor that defines its legacy.
The new division will also function as a central hub for the bank’s digital expertise—developing infrastructure, forming partnerships, and guiding enterprise-level initiatives that enhance the customer experience across all segments.
Leadership Rooted in Payments Expertise
At the helm of this transformative division is Jamie Walker, a seasoned payments executive with over two decades of experience at U.S. Bank. Walker will oversee the Digital Assets and Money Movement organization while continuing to lead Merchant Payment Services (MPS) and serve as CEO of Elavon, U.S. Bank’s global merchant acquiring subsidiary.
Under Walker’s leadership, Elavon has grown into one of the world’s leading payment processors, serving millions of merchants across various industries. His deep knowledge of payment ecosystems and customer needs uniquely positions him to lead the charge as U.S. Bank navigates the complex world of digital assets and tokenized finance.
An extensive search is underway for Walker’s successor at MPS. Once a new leader is appointed, Walker will transition fully into his new role and report directly to Dominic Venturo, U.S. Bank’s Chief Digital Officer.
Venturo expressed strong confidence in Walker’s ability to guide this pivotal initiative, stating:
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 tokenized 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.”
Walker echoed this sentiment, emphasizing the importance of U.S. Bank’s role as both an innovator and a trusted partner:
“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.”
Building on a Legacy of Innovation
U.S. Bank’s new division is the latest milestone in a long track record of digital leadership. Over the years, the bank has consistently embraced innovation to simplify and secure payment experiences for individuals and businesses alike.
The bank was an early adopter of digital wallets and mobile payment tools, helping consumers make secure transactions with ease. It also played a key role in the integration of the Real-Time Payments (RTP) network—an initiative that allows funds to move between accounts instantly—and has been actively expanding its use of the Federal Reserve’s FedNow system, further improving transaction speed and reliability.
Beyond consumer payments, U.S. Bank has also been a leader in embedded payment solutions—integrating payment capabilities directly into business systems and platforms. This approach enables companies to manage financial transactions seamlessly within their operational workflows, reducing friction and increasing efficiency.
The new Digital Assets and Money Movement organization will build on these innovations by exploring the next frontier in payments—one defined by tokenization, blockchain-based settlement, and programmable money.
A New Era of Digital Assets
The banking industry is at a turning point where traditional finance (TradFi) meets decentralized finance (DeFi). Institutions are now faced with the challenge—and opportunity—of adapting their systems to incorporate digital assets in a safe and compliant way.
For U.S. Bank, this means creating secure infrastructure to support:
- Stablecoin Issuance – Enabling clients to issue digital currencies backed by fiat assets, facilitating instant payments and liquidity management.
- Cryptocurrency Custody – Providing secure, regulated storage solutions for digital assets, protecting clients from cyber threats while ensuring compliance with regulatory standards.
- Asset Tokenization – Converting real-world assets such as real estate, commodities, and securities into digital tokens, improving liquidity and accessibility for investors.
- Digital Money Movement – Leveraging blockchain and next-generation payment rails to streamline cross-border transactions and settlement.
By combining these elements, U.S. Bank aims to provide end-to-end digital asset capabilities that are both scalable and compliant.
Strengthening Client Trust Through Digital Excellence
One of the defining challenges in the digital finance space is maintaining trust. As new forms of digital value exchange emerge, security, transparency, and regulatory adherence become paramount.
U.S. Bank’s approach to digital asset innovation emphasizes safety and compliance at every level. The new division will collaborate closely with regulatory authorities, technology partners, and internal risk management teams to ensure that new products meet the highest industry standards.
The bank’s reputation for reliability and governance provides a strong foundation for clients exploring the digital economy for the first time. Whether it’s institutional investors seeking digital custody solutions or businesses adopting blockchain for real-time settlement, U.S. Bank’s trusted framework ensures confidence in every transaction.
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $686 billion in assets as of June 30, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at
