Tokenized private markets seen as first major wave of blockchain adoption, the survey by State Street highlighted
The inaugural transaction State Street anchored was a $100 million digital commercial paper issuance by OCBC.
Tokenized collateral could have helped avoid or lessen the 2022 "liability-driven" crisis, Donna Milrod, chief product officer said in the interview with Financial News.
This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.
Traditional financial heavyweights are getting increasingly involved in tokenization efforts, putting financial assets on blockchain rails for operational benefits.
State Street Global Advisors, a subsidiary of the third-largest ETF issuer State Street, has joined the growing trend of traditional financial institutions exploring crypto ETFs. In a June 26 statement, the firm said it was teaming up with crypto investment firm Galaxy Digital to introduce new crypto ETFs extending beyond the flagship digital asset, Bitcoin. […]
The post State Street and Galaxy Digital launch crypto ETFs aimed beyond Bitcoin appeared first on CryptoSlate.
State Street believes the “next level of growth” will come from investment options offering more than “pure spot” Bitcoin.