U.S. Bank establishes new "Digital Assets and Payments" division

Jinse Finance reported that U.S. Bank (a certain exchange) has established a new "Digital Assets and Money Movement" division. This division aims to accelerate the development of emerging digital products and services such as stablecoin issuance, cryptocurrency custody, asset tokenization, and digital money movement, as well as to drive related business revenue growth. Jamie Walker, a veteran of U.S. Bank and the payments industry, will lead the "Digital Assets and Money Movement" division. Walker has worked at U.S. Bank for over 20 years. In the past eight years, he has not only been responsible for the bank's Merchant Payment Services (MPS) but also served as CEO of Elavon, the bank's global merchant acquiring subsidiary. During the company's extensive recruitment process to find his successor, Walker will continue to serve as head of the Merchant Payment Services department. Once a successor is determined, Walker will report to U.S. Bank Chief Digital Officer Dominic Venturo.