State Street Bank launches digital asset platform, entering the tokenized deposits and stablecoin market

PANews, January 15—According to Bloomberg, global custody giant State Street has announced the launch of a digital asset platform, with plans to introduce tokenized money market funds, ETFs, stablecoins, and deposit products. The initiative will be advanced in collaboration with its asset management division and partner institutions, marking a shift from back-office services to direct participation in asset issuance. Previously, State Street had partnered with Galaxy Digital to issue tokenized funds, and it is also considering offering crypto custody services in the future.