Financial Giant State Street Launches Digital Finance Division – Unit’s Focus...

Financial Giant State Street Launches Digital Finance Division – Unit’s Focus...

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....


Related News

Multi-trillion asset manager State Street launches digital currency division

The second-oldest continuously operating U.S. bank, State Street, has launched a new division dedicated to cryptocurrency and digital assets. Multi-trillion dollar asset manager, State Street Corporation, has become the latest financial institution to announce the launch of a dedicated digital finance division.State Street, the second-oldest continually operating bank in the United States, announced the move on Thursday, June 10, highlighting the division’s focus on cryptocurrency, blockchain technology, central bank digital currencies (CBDCs), and tokenization.”The financial industry is....

State Street Financial’s Crypto-FinTech University Initiative

The banking giant State Street Financial is continuing to move forward with its Bitcoin and blockchain studies by starting a new R&D facility concentrating on emerging FinTech. The University College Cork(UCC) and Zhejiang University (ZJU) are partnering with guidance from State Street to conduct research for their investors and clientele. As many institutions start R&D’s all across the globe, Susan Dargan, State Street’s global services offshore business director, told press: The technology researched will be focused on cryptocurrency and applications that continue the growth of financial....

Custodian Bank Completes Blockchain Test to Streamline Securities Lending

State Street Corp., a global financial holding company, has completed a 7-month blockchain test to streamline the securities lending process which it is considering deploying in 2017, Hu Liang, senior managing director of the Emerging Technologies Center at State Street, told Reuters. State Street is among several financial institutions to test blockchain technology and to consider deploying it in the near term. Blockchain Improves Lending. The blockchain system State Street has tested would transform the collateral posted by an investor to borrow securities from State Street’s clients....

State Street Names 'Blockchain Advocate' to CIO Role

Financial services giant State Street is touting the blockchain experience of its newly appointed executive vice president and global CIO. In a press announcement yesterday, State Street revealed Antoine Shagoury, the former CIO of the London Stock Exchange Group (LSEG), would join the investment management services firm, making a point to highlight Shagoury's advocacy for blockchain technology while at LSEG. In interview, global head of enterprise data Chris Perretta framed his firm's interest in the blockchain, as well as new employees who embrace innovation, as a key part of its broader....

Atari creates new blockchain division amid leadership shuffle

The video game giant says the new blockchain division will focus on leveraging the novel tech for decentralized gaming. Atari has announced the creation of a new blockchain division as part of an organizational shuffle within the company.In a press statement issued on Tuesday, the gaming behemoth revealed the creation of two new divisions — Atari Gaming and Atari Blockchain.The former will focus on continuing the developmental work on Atari’s catalog of popular retro gaming titles as well as the rebooted VCS consoles.As part of the announcement, Atari also revealed that current CEO....