Custody giant State Street expands crypto services in new partnership  | Reuters News Agency
Business & Finance

Custody giant State Street expands crypto services in new partnership 

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
FILE PHOTO: Tokens representing cryptocurrencies bitcoin and ether plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic//File Photo
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