State Street, the world’s second largest custody bank with about $51.7 trillion in assets under custody, has launched its Digital Asset Platform. The platform will underpin activities involving tokenized Money Market Funds (MMFs), ETFs, tokenized assets and cash products such as tokenized deposits and stablecoins. In the second half of 2024 it partnered with Taurus for digital asset custody and tokenization technology, enabling wallet management, custody and cash across a variety of public and permissioned blockchains.
“By pairing blockchain connectivity with robust controls and global servicing expertise, we’re enabling institutions to confidently embrace tokenization as part of their core strategy with an organization like us that they can trust,” said Joerg Ambrosius, president of Investment Services at State Street.
The platform underscores State Street’s broader push into tokenization and custody of regulated digital assets, aligning with growing institutional demand for cross-chain, scalable infrastructure across public and permissioned blockchains.
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