State Street to Launch Tokenization and Digital Custody Services

State Street, a $44.3 Trillion Custodian, to Offer Tokenization and Digital Custody Services

State Street, one of the world’s largest custodians with $44.3 trillion in assets under custody, is set to offer tokenization and digital custody services. The move underscores the growing interest and integration of traditional financial institutions into the digital asset landscape. Tokenization refers to the process of converting physical or digital assets into blockchain-based tokens, enhancing liquidity and accessibility. By offering these services, State Street aims to provide its clients with secure and efficient access to the burgeoning digital asset market, reflecting the ongoing shift towards embracing blockchain technology in mainstream finance.