State Street has introduced a new institutional digital asset platform aimed at supporting tokenization across traditional financial products. The initiative will allow clients to create tokenized money market funds, exchange-traded funds, and blockchain-based instruments such as tokenized deposits and stablecoins.
The platform combines tokenization services, digital asset custody, and blockchain connectivity, positioning State Street to support institutions seeking regulated access to crypto infrastructure. The firm said the offering is designed to integrate blockchain technology with existing risk controls and servicing capabilities used across global markets.
Tokenization has become a strategic focus for large asset managers as regulatory clarity improves and demand grows for more efficient settlement and liquidity solutions. With $5.4 trillion in assets under management, State Street joins peers, including Fidelity, Franklin Templeton, and JPMorgan, in expanding tokenized fund offerings.
