Blockchain
State Street Begins Custody Services for Tokenized Debt on JPMorgan's Blockchain
State Street has initiated custody services for tokenized assets, beginning with a significant commercial paper issuance by OCBC.
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State Street has initiated custody services for tokenized assets, beginning with a significant commercial paper issuance by OCBC.
State Street analysts predict that crypto exchange-traded funds (ETFs) will become the third-largest asset class, moving past precious metals by the end of 2025.
Two major banking institutions, State Street and Citi, have entered the cryptocurrency custody arena, potentially reshaping the market.
State Street is focusing on the tokenization of bond and money market funds while indicating no immediate plans for a stablecoin.
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