“There is small, but growing demand from our clients for solutions of this type and many technical, operational, regulatory, and legal considerations to be addressed,” said Ralph Achkar, managing director of Digital Product Development and Innovation at State Street. “That is why we have opted for an open model, and started a pilot with Gemini as an established, regulated player in the digital asset space.”
Related posts
-
First Solana Spot ETF Raises $2.75 Million on Brazilian Stock Exchange
On Thursday, the first Solana spot exchange-traded fund (ETF) product raised over $2.75 million during its... -
Quidax Becomes Nigeria’s First SEC Licensed Crypto Exchange
PRESS RELEASE. Lagos, Nigeria, 29th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that... -
Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that...