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CoinVoice has learned that, according to Bloomberg, the global custody giant State Street has announced the launch of a digital asset platform, planning to introduce tokenized money market funds, ETFs, stablecoins, and deposit products.
The plan will be promoted jointly with its asset management division and partner institutions, marking its shift from back-end services to direct participation in asset issuance. Previously, State Street had partnered with Galaxy Digital to issue tokenized funds, and it is also considering providing crypto custody services in the future.