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According to The Block, the global custodial giant, State Street Bank, said it plans to launch tokenized fund-related services in Luxembourg via State Street Investment Services by the end of 2026. The services will cover the entire lifecycle, including fund issuance, administrative management, and custody, and will support tokenized funds and traditional funds running in parallel under the same operating model. State Street Investment Management is expected to become an early adopter. The project still needs to meet milestone requirements such as regulatory approvals and operational readiness.