State Street Corporation To Offer Custodial Services For Bitcoin And Crypto
State Street Corporation, the largest custodial service provider in the world, plans to launch custodial services for bitcoin and other cryptocurrencies.State Street, the largest asset custodian in the world, plans to launch a custodial service for bitcoin and other digital assets. Globally Systemically Important Financial Institution (G-SIFI) State Street has regulatory hurdles. VP and head of State Street digital says market will “take comfort” from largest custodian in the world offering digital custody of assetsState Street Corporation, an institutional asset manager with over $4.1....
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On Thursday, the Boston-based financial services and bank holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, the digital economy, and decentralized finance (defi). State Street Invokes New Division Dedicated to Crypto, Blockchain, and Defi The financial services company State Street (NYSE: STT) offers a wide array of products like Investment management, securities lending, stock trading, and custodial banking services. In Q3 2020, data shows that State Street has around $3.15 trillion assets under management (AUM). On June 10, the....
The SEC’s inefficient approval process of new ETFs has been criticized by a large group of financial experts and firms over the years. To ease barrier between the SEC and the Winklevoss Bitcoin Trust, the twins have made a few major alterations to its trading mechanisms and oversight. Partnership With State Street & Burr Pilger Mayer. Earlier this month, the Winklevoss twins have appointed State Street Corporation and Burr Pilger Mayer (BPM) to oversee its ETF. Specifically, State Street is operating as the ETF administrator, while BPM is in charge of all auditing processes. State....
State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State Street Corp. announced new cryptocurrency services Thursday. The financial services firm “will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients” in partnership with Lukka, the announcement details, adding: State Street....
One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Philippines’ Unionbank to Offer Crypto Trading and Custodial Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial services, Bloomberg reported Thursday. Unionbank is one of the largest universal banks in the Philippines with over $15 billion in assets under management (AUM). The bank is one....
After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services. Major American financial services and bank holding company State Street Corporation is expanding its push into the cryptocurrency industry by launching new digital asset services.State Street, the second-oldest operating bank in the United States, announced Thursday that it would provide digital and crypto asset administration services for the company’s private funds clients. The bank will enable its private fund clients to access a set of institutional-grade....