U.S. Bank has established a new Digital Assets and Money Movement organization, in hopes to “to accelerate development of and grow revenue from emerging digital products and services such as stablecoin issuance, cryptocurrency custody, asset tokenization and digital money movement.”

In other words, U.S. Bank is further jumping into the bitcoin and broader crypto space. 

The Minneapolis-based institution, the fifth-largest bank in the United States, announced that payments veteran Jamie Walker will lead the new division. 

Walker, who has been with U.S. Bank for over two decades, currently serves as head of Merchant Payment Services (MPS) and CEO of Elavon, the bank’s global…

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