Inside State Street’s new digital asset unit

inside state streets new digital asset unit

Sumary of Inside State Street’s new digital asset unit:

  • “If somebody in our asset management team wants to explore tokenizing our [exchange-traded funds] or tokenizing our mutual funds, we’ll be here to support them and provide the operational support that goes with it..
  • Where the demand came from In April, the bank was appointed the administrator of a bitcoin-backed exchange-traded note initiated by Iconic Funds..
  • In March, State Street was selected to be the fund administrator and transfer agent for a bitcoin exchange-traded fund for which the investment manager VanEck is seeking approval from the Securities and Exchange Commission….

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