Key Takeaways
Major custody bank State Street plans to launch tokenized deposits, stablecoins, money-market funds, and ETFs as it grows its footprint in the digital asset market, Bloomberg reported Thursday.
The bank plans to collaborate with institutional clients, money managers such as Franklin Resources and Fidelity, and its own asset-management arm, building on partnerships like its recent tokenized fund with Galaxy Digital.
State Street may also explore offering custody services later, further deepening its role in the tokenized asset space.
This is a developing story.
About Author
