Custody giant State Street expands crypto services in new partnership 

Business & Finance

Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration and accounting services, will hold clients’ crypto assets and help them create tokenized assets, such as funds and other securities.

Market Impact

As cryptocurrencies have spread in the financial system through regulated products including futures and exchange-traded funds, they are drawing more interest from institutions seeking ways to hedge inflation and diversify portfolios.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Europe

Countries: Switzerland

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *