Business & Finance
20 August 2024, 8:33 pm 1 minute
Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration and accounting services, will hold clients’ crypto assets and help them create tokenized assets, such as funds and other securities.
Market Impact
As cryptocurrencies have spread in the financial system through regulated products including futures and exchange-traded funds, they are drawing more interest from institutions seeking ways to hedge inflation and diversify portfolios.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Switzerland
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
