State Street rolls out new crypto tokenization tools

State Street said its new crypto platform would help clients build tokenized money market funds, exchange-traded funds, and products such as tokenized deposits and stablecoins.

Multinational banking giant State Street has launched an institutional digital asset platform, aimed at helping businesses navigate the sector and launch a range of crypto products. 

State Street said on Thursday its platform aims to bridge traditional assets to crypto via tokenization and will build tokenized money market funds, exchange-traded funds products such as tokenized deposits and stablecoins.

The platform will provide institutions with tokenization services, digital asset custody and access to a range of digital assets. 

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