According to The Block, the global custodial giant State Street Bank announced plans to launch tokenized fund-related services through State Street Investment Services in Luxembourg by the end of 2026, covering the entire lifecycle including fund issuance, administrative management, and custody, and supporting the parallel operation of tokenized funds and traditional funds under the same operational model. State Street Investment Management is expected to become an early adopter. The project still needs to meet milestone conditions such as regulatory approval and operational readiness.