Custody giant State Street expands crypto services in new partnership 

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    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



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