State Street is partnering with digital asset custodian Taurus for its tokenization plans with the intention of extending to crypto custody once the U.S. regulatory environment improves. State Street, which has $44.3 trillion in assets under management, plans to go live with tokenized versions of traditional assets. The bank has been “very vocal” about the need to change SAB 121, which could force banks seeking to hold crypto to maintain an onerous amount of capital to compensate for the risk, Donna Milrod, chief product officer and head of Digital Asset Solutions, said in an interview. “While we’re starting with tokenization, that’s not where we’re ending. As soon as the U.S. regulations help us out, we will be providing digital custody services as well.”
Related posts
-
Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’
Mad Money host Jim Cramer has picked bitcoin over Microstrategy’s stock (MSTR), calling the cryptocurrency “a... -
Bitcoin At $100k Presents Psychological Resistance
Este artículo también está disponible en español. Despite heightened expectations for the Bitcoin price to hit... -
Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’
Robert Kiyosaki strongly endorsed Michael Saylor’s bitcoin strategy and his $13 million BTC forecast. He urged...