Summary
- Bloomberg reported that State Street plans to launch tokenised financial products.
- State Street said it is pursuing the development of cash-equivalent products such as money market funds (MMFs), exchange-traded funds (ETFs), tokenised deposits, and stablecoins.
- State Street said it expects demand for tokenised assets to grow among institutional investors and will proactively build related infrastructure and product lineups.
On the 15th (local time), Bloomberg reported that major US bank State Street plans to launch tokenised financial products.
According to the report, State Street is pursuing the development of cash-equivalent financial products such as tokenised deposits and stablecoins, including money market funds (MMFs) and exchange-traded funds (ETFs). This is part of a strategy to migrate traditional financial products onto blockchain-based rails to improve settlement efficiency and operational transparency.
State Street said it expects demand for tokenised assets to expand, led by institutional investors, and plans to build out related infrastructure and product lineups in advance.
