State Street Increases Crypto Services

In yet another sign of digital assets making it into the mainstream financial markets, global custody bank State Street announced a partnership with crypto company Taurus aimed at offering digital asset services keeping up with demand for this investment sector.

Institutional Investors are beginning to take cryptocurrencies seriously as a legitimate part of the financial system thanks to new investment products such as exchange-traded funds.

State Street will be able to expand its crypto fund administration to hold crypto assets for clients and help them to create tokenized assets thus making assets easier to trade and allowing for traditional asset management to blend with digital currency.

Taurus is a Swiss-based company that also has a partnership with Deutsche Bank.