U.S. Bancorp, the parent of U.S. Bank, has unveiled a new division dedicated to digital assets and money movement, signaling strong support for crypto innovation. The unit will focus on stablecoins, crypto custody, asset tokenization, and faster digital payments — reflecting the bank’s commitment to meeting rising customer demand for modern financial solutions.

Jamie Walker, a seasoned banking executive with over two decades of experience, will lead the division while continuing to oversee Merchant Payment Services until a successor is named. Reporting directly to Chief Digital Officer Dominic Venturo, Walker’s leadership underscores the bank’s serious push into blockchain-based services and tokenized finance.

The move positions U.S. Bancorp as a key player in the evolving digital finance landscape. By integrating secure, client-focused crypto solutions into traditional banking, the company aims to simplify payments, enhance asset management, and set new standards for how banks engage with blockchain technology.