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Custody giant State Street expands crypto services in new partnership 

20 August 2024, 12:00 am
1 min read
FILE PHOTO: Tokens representing cryptocurrencies bitcoin and ether plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic//File Photo

Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration and accounting services, will hold clients’ crypto assets and help them create tokenized assets, such as funds and other securities.