Share this article
Wells Fargo to Offer Crypto Investment to Some Clients
The investments will likely be available to qualified investors next month.
Updated May 9, 2023, 3:19 a.m. Published May 19, 2021, 2:40 p.m.
Wells Fargo’s wealth and investment management division will soon be rolling out an actively managed crypto strategy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The investment strategy has been in development for months and is likely to be available to qualified investors around mid-June, Darrell Cronk, president of Wells Fargo Investment Institute, told Business Insider on Wednesday.
- “We think the cryptocurrency space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investable asset,” Cronk said.
- In December, John LaForge, head of real-asset strategy at Wells Fargo, said the bank is not recommending bitcoin to clients because it didn’t have the infrastructure to hold crypto in their accounts.
- Cronk said that crypto is an evolving asset that requires deep due diligence. He labelled it an “alternative investment” rather than “strategic allocation.”
- Wells Fargo is one of the U.S.’s largest financial services companies, with assets of almost $2 trillion.
See also: JPMorgan to Let Clients Invest in Bitcoin Fund for First Time: Sources
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
