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Financial giant State Street is betting on tokenization and launching its own digital assets platform.
According to the president of State Street's investment services, this is a significant strategic move, not an experiment.
State Street is developing a range of tokenized products and plans to work closely with its institutional clients. Last month, the company teamed up with Galaxy Digital, Michael Novogratz's firm, to launch a tokenized fund.
To grasp the scale:
State Street serves assets worth $51.7 trillion for the world's largest institutions (pension funds, investment funds, banks, and central banks).
At the same time, the company directly manages assets worth $5.7 trillion.
#Jaeger $Jager
According to the president of State Street's investment services, this is a significant strategic move, not an experiment.
State Street is developing a range of tokenized products and plans to work closely with its institutional clients. Last month, the company teamed up with Galaxy Digital, Michael Novogratz's firm, to launch a tokenized fund.
To grasp the scale:
State Street serves assets worth $51.7 trillion for the world's largest institutions (pension funds, investment funds, banks, and central banks).
At the same time, the company directly manages assets worth $5.7 trillion.
#Jaeger $Jager
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