U.S. Bank (NYSE: USB), a prominent American financial institution, has announced the formation of a dedicated Digital Assets and Money Movement organization to drive innovation in blockchain-enabled financial services. This strategic move will allow the bank to expand its offerings within this rapidly evolving market. The division’s focus lies on stablecoin issuance, crypto custody, tokenized assets, and digital money movement, all geared towards addressing growing institutional demand for regulated infrastructure in the digital asset space. Jamie Walker, a seasoned payments expert and former CEO of Elavon, will lead this initiative, overseeing both Merchant Payment Services and the newly formed division while a successor is selected.