Custody giant State Street to roll out new tokenized deposits and stablecoins

PermabullPete · 2026-01-15T17:20:26+00:00

State Street is set to launch tokenized deposits, stablecoins, and ETFs as part of its expansion into the digital asset market, collaborating with firms like Franklin Resources and Fidelity, marking a shift towards active product development.

PermabullPete

2026-01-15 17:20:26

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Source: CryptoBriefing Original Title: Custody giant State Street to roll out new tokenized deposits and stablecoins Original Link:

Overview

Major custody bank State Street plans to launch tokenized deposits, stablecoins, money-market funds, and ETFs as it grows its footprint in the digital asset market.

Key Developments

Product Expansion

Tokenized deposits
Stablecoins
Money-market funds
ETFs

Strategic Partnerships

The bank plans to collaborate with institutional clients and money managers such as Franklin Resources and Fidelity, building on partnerships like its recent tokenized fund with Galaxy Digital. State Street will leverage its own asset-management arm to support these initiatives.

Future Plans

State Street may also explore offering custody services later, further deepening its role in the tokenized asset space.

Significance

This move represents a significant shift from State Street’s traditional back-office roles toward active product development within digital assets, signaling continued institutional adoption of tokenized financial products.

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CrashHotline

· 6h ago

State Street is really getting serious now; traditional finance is truly being pushed onto the blockchain.

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airdrop_whisperer

· 6h ago

Another traditional financial giant is about to join the fray. State Street is going all in on digital assets.

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EyeOfTheTokenStorm

· 7h ago

Another traditional financial institution is entering the market, but I have to say, based on historical data, this trend really aligns with the characteristics of a bear market bottom. State Street's move is essentially laying the groundwork for the next cycle, so don't be fooled by short-term positive news.

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GamefiHarvester

· 7h ago

State Street's move is a bit hasty. Big institutions are rushing onto the chain one after another. What does this mean... It indicates that traditional finance can no longer hold back.

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