State Street to Launch Tokenization Platform, Developing Tokenized Funds and Stablecoins

KuCoinFlash

Release Time:01/15/2026 16:00:38

Summary

State Street is set to launch a tokenization platform, marking a major development in digital asset news. The platform will feature tokenized money market funds, ETFs, deposits, and stablecoins. Joerg Ambrosius, head of investment services, described it as a key step in the bank's strategy. State Street, which manages $51.7 trillion in assets, has previously offered crypto ETF services and partnered with Galaxy Digital in December 2024 to launch a tokenized fund. Custody services may follow, depending on regulatory developments. This news about the token launch highlights the bank's expanding role in the digital asset space.

BlockBeats news: On January 15, according to Bloomberg, State Street Corporation is launching a series of tokenized products. The bank will develop cash products including tokenized money market funds, exchange-traded funds (ETFs), tokenized deposits, and stablecoins. Joerg Ambrosius, President of State Street's investment services, stated that the launch of the digital asset platform represents an "important step" in the bank's strategy.

State Street Bank, which currently oversees $51.7 trillion in assets, has previously provided management and accounting services for cryptocurrency ETFs. Last December, it also partnered with Galaxy Digital to create a tokenized fund. In the future, it will consider offering custody services depending on regulatory developments.

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