Overview
- State Street’s platform bundles wallet management, custodial services and cash functionality in a single environment that supports multiple jurisdictions.
- It is designed to enable tokenized money‑market funds, ETFs, other tokenized assets, and cash instruments including tokenized deposits and stablecoins.
- The infrastructure operates across private and public permissioned blockchains and offers a single connection point linking digital‑asset activity with traditional servicing.
- The bank positions the service as a bridge between traditional finance and digital‑asset venues for institutional clients.
- As context, tokenized stocks’ combined market cap recently reached about $1.2 billion while ESMA warned such instruments often mirror prices without granting shareholder rights.