State Street is also evaluating joining digital-cash consortium efforts and is looking at settlement options through its investment in Fnality, a blockchain payment startup that’s expanding into the US, the person said.
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State Street said to explore creating stablecoin, deposit token
In the coming months, State Street has said it’s focusing on tokenizing assets such as funds. Its recently released digital-asset survey of 300 investment institutions found that nearly half of institutions say they are ready to trade digital assets on and off distributed ledgers and blockchains, provided they have the appropriate infrastructure.
