State Street launches digital asset platform to enter tokenized deposits and stablecoin markets

PANews reported on January 15 that according to Bloomberg, global custody giant State Street announced the launch of a digital asset platform and plans to launch tokenized money market funds, ETFs, stablecoins and deposit products. The plan will be promoted jointly with its asset management department and partner institutions, marking its shift from back-end services to direct participation in asset issuance. Previously, State Street has cooperated with Galaxy Digital to issue tokenized funds and will also consider providing crypto custody services in the future.

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