ROOT
State Street partners with Taurus to expand digital asset capabilities
State Street Corporation has announced a strategic agreement with digital asset infrastructure provider Taurus SA to enhance its digital asset offerings for institutional clients.
State Street partners with Taurus to expand digital asset capabilities
State Street Corporation has announced a strategic agreement with digital asset infrastructure provider Taurus SA to enhance its digital asset offerings for institutional clients.
The collaboration aims to bolster State Street Digital Asset Solutions by integrating Taurus' custody, tokenization and node-management solutions into its existing services.
Donna Milrod, State Street's chief product officer and head of Digital Asset Solutions, highlighted the significance of the partnership.
"The collaboration with Taurus underscores our ongoing commitment to further establishing ourselves as leaders in this growing asset class," Ms Milrod said.
Subject to regulatory approvals, State Street plans to leverage Taurus' technology to automate the issuance and servicing of digital assets, including digital securities and fund management vehicles.
The agreement comes as institutional interest in digital assets reaches an all-time high, according to State Street.
Lamine Brahimi, co-founder and managing partner of Taurus, expressed enthusiasm about the collaboration.
"We are thrilled to have been chosen by State Street as a strategic partner for custody and tokenization and are excited about our collaboration and the opportunity to introduce innovative digital asset products and services to the industry," Mr Brahimi said.
State Street will utilise three of Taurus' products: Taurus-PROTECT, Taurus-CAPITAL for managing tokenized assets, and Taurus-EXPLORER for blockchain connectivity.
The financial services giant, which manages US$44.3 trillion in assets under custody and/or administration and US$4.4 trillion in assets under management as of June 30, 2024, emphasised that its digital custody product offering remains subject to regulatory approval.
This partnership marks another step in State Street's efforts to expand its digital asset capabilities and meet growing demand from institutional investors for services in this emerging space.
RELATED ARTICLES
Invest
Australian investors flock to US stocks and crypto after Trump victory
Trading volumes in US equities surged 20 per cent on Australia's second-largest share trading platform following Donald Trump's election victory last month, as local investors sought to capitalise on ...Read more
Invest
Investment firm raises $9bn for global special situations fund
Bain Capital secured $9 billion for its latest Global Special Situations Fund, positioning the firm as one of the world's largest special situations investors. Read more
Invest
Morrison Securities unveils plug-and-play global trading access to 15 countries
Equities clearing firm Morrison Securities has partnered with trading technology provider ViewTrade to introduce one of Australia's first plug-and-play global trading solutions, enabling streamlined ...Read more
Invest
Institutional investors react positively to policy stimulus in September
State Street Global Markets has reported a rebound in institutional investor risk appetite in September, driven by supportive policy announcements from central banks. Read more
Invest
AMP partners with Striver for Brimstone event to attract new financial advisers
AMP has announced a partnership with advice community and careers technology platform Striver for the annual Brimstone event series, scheduled to take place in Sydney next week. Read more
Invest
North expands managed portfolio options with new customisation features
North, a leading Australian wrap investment platform, has announced an expansion of its customisation options for managed portfolios, aiming to provide advisers with greater flexibility for their ...Read more
Invest
State Street to provide custody and administration services for Brighter Super's $30 billion in funds
State Street Corporation has been chosen as custodian and administrator for more than $30 billion in funds invested for members of Queensland-based superannuation fund Brighter Super. Read more
Invest
State Street Global Advisors maintains soft landing forecast despite trimmed rate cut expectations
State Street Global Advisors (SSGA) has released its midyear update of the Global Market Outlook, highlighting the resilience of risk assets despite increased uncertainty, stickier-than-expected ...Read more
Invest
Australian investors flock to US stocks and crypto after Trump victory
Trading volumes in US equities surged 20 per cent on Australia's second-largest share trading platform following Donald Trump's election victory last month, as local investors sought to capitalise on ...Read more
Invest
Investment firm raises $9bn for global special situations fund
Bain Capital secured $9 billion for its latest Global Special Situations Fund, positioning the firm as one of the world's largest special situations investors. Read more
Invest
Morrison Securities unveils plug-and-play global trading access to 15 countries
Equities clearing firm Morrison Securities has partnered with trading technology provider ViewTrade to introduce one of Australia's first plug-and-play global trading solutions, enabling streamlined ...Read more
Invest
Institutional investors react positively to policy stimulus in September
State Street Global Markets has reported a rebound in institutional investor risk appetite in September, driven by supportive policy announcements from central banks. Read more
Invest
AMP partners with Striver for Brimstone event to attract new financial advisers
AMP has announced a partnership with advice community and careers technology platform Striver for the annual Brimstone event series, scheduled to take place in Sydney next week. Read more
Invest
North expands managed portfolio options with new customisation features
North, a leading Australian wrap investment platform, has announced an expansion of its customisation options for managed portfolios, aiming to provide advisers with greater flexibility for their ...Read more
Invest
State Street to provide custody and administration services for Brighter Super's $30 billion in funds
State Street Corporation has been chosen as custodian and administrator for more than $30 billion in funds invested for members of Queensland-based superannuation fund Brighter Super. Read more
Invest
State Street Global Advisors maintains soft landing forecast despite trimmed rate cut expectations
State Street Global Advisors (SSGA) has released its midyear update of the Global Market Outlook, highlighting the resilience of risk assets despite increased uncertainty, stickier-than-expected ...Read more
