Wells Fargo Partners With The Wyoming Reserve for Precious Metals Storage
The Wyoming Reserve Opportunity Zone Fund Corporation, a high-security, precious metals-focused vaulting and operating business in Casper, announced that Wells Fargo Bank has selected The Wyoming Reserve as a partner for the custody and storage of precious metals.
“This relationship reflects the level of trust and operational rigor required by the world’s leading financial institutions,” said Josh Phair, co-founder and chief executive officer of The Wyoming Reserve. “Wells Fargo is one of the most respected names in financial services, and being selected to safeguard physical precious metals on their behalf is a significant validation of our facility, our people, and our commitment to the highest standards of security and transparency.”
Large financial institutions and bullion banks typically rely on specialized, third-party Class 3 vault facilities like The Wyoming Reserve to provide fully allocated, insured storage for physical precious metals, rather than housing such assets within traditional bank branches. These facilities are selected based on stringent requirements for security, chain-of-custody controls, auditability, insurance coverage and regulatory compliance.
This announcement represents the latest in a series of notable milestones for The Wyoming Reserve, including the activation of its foreign trade zone, or FTZ, status in December 2025 and the state of Wyoming’s selection of the facility earlier this month to vault precious metals on behalf of the state.
Per reporting by AltsWire, The Wyoming Reserve Opportunity Zone Fund Corporation announced an offering of up to 10 million shares of its common stock at $11.50 per share for an aggregate offering amount of $115 million in August 2025.
The Wyoming Reserve is located in an approximately 70,000-square-foot facility in a designated opportunity zone in Casper. In addition to operating a state-of-the-art Class 3 vault facility, the company offers services including buying, selling, transportation, fulfillment and metal availability for commercial and industrial clients. According to the company, it emphasizes transparency, including the implementation of blockchain technology for enhanced traceability.
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