State Street Bank launches digital asset platform layout for tokenized deposits and stablecoin market

State Street, a global custodian giant, announced the launch of a digital asset platform and plans to issue tokenized money market funds ETF、 Stablecoins and deposit products will be jointly promoted with its asset management department and partner institutions. This measure marks the shift of State Street Bank from backend services to direct participation in asset issuance. Previously, State Street Bank had partnered with Galaxy Digital to launch a tokenized fund and is considering providing cryptocurrency custody services in the future.