State Street launches digital asset platform
15 January 2025 US
Image: JHVEPhoto/stock.adobe.com
State Street has announced the launch of its digital asset platform in a bid to allow the company to bridge the gap between TradFi and digital finance, acting as the connection point between platforms for its clients.
The platform is said to include wallet management, custodial, and cash capabilities, in addition to its design intended to support tokenised product development across jurisdictions, covering private and public permissioned blockchain networks alike.
StateStreet also says that the platform supports secure, scalable access for institutional clients, with “enhanced security,” alongside operational and onchain compliance controls.
Joerg Ambrosius, president of investment services at State Street, sees the launch as marking a “significant step in State Street’s digital asset strategy,” and that the company is moving into “practical, scalable solutions that meet the highest standards of security and compliance”.
Donna Milrod, State Street’s chief product officer, adds: “This platform is built on a client partnership model that ensures ongoing evolution in line with market needs and regulatory expectations, reduces complexity while opening the door to innovation in a rapidly evolving digital financial landscape.”
State Street says the platform’s launch is indicative of its commitment to supporting its clients in navigating the digital asset landscape.
The platform is said to include wallet management, custodial, and cash capabilities, in addition to its design intended to support tokenised product development across jurisdictions, covering private and public permissioned blockchain networks alike.
StateStreet also says that the platform supports secure, scalable access for institutional clients, with “enhanced security,” alongside operational and onchain compliance controls.
Joerg Ambrosius, president of investment services at State Street, sees the launch as marking a “significant step in State Street’s digital asset strategy,” and that the company is moving into “practical, scalable solutions that meet the highest standards of security and compliance”.
Donna Milrod, State Street’s chief product officer, adds: “This platform is built on a client partnership model that ensures ongoing evolution in line with market needs and regulatory expectations, reduces complexity while opening the door to innovation in a rapidly evolving digital financial landscape.”
State Street says the platform’s launch is indicative of its commitment to supporting its clients in navigating the digital asset landscape.
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