Wall Street custodian giant makes a move! State Street: To launch "tokenized fund" services by the end of this year.

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State Street, a custody giant with over $60 trillion in assets under custody, announced on Tuesday that it expects to launch "tokenized fund" services in Luxembourg by the end of this year, marking Wall Street's acceleration in migrating traditional fund infrastructure to the blockchain. According to an official statement, the service will be provided by State Street Investment Services to expand the bank's fund administration and asset custody capabilities. Notably, State Street's key selling point is its "dual-track" approach. Recognizing that tokenized assets cannot replace traditional funds overnight, the primary appeal of the new product is the seamless integration of tokenized funds and traditional financial instruments within a single institutional framework. State Street noted that this new service will operate through its digital asset platform, covering the "full lifecycle" of tokenized funds from issuance and management to custody. More importantly, clients can operate through a single interface for both digital and traditional fund structures, while enjoying the same level of risk management and compliance governance. It is reported that State Street Global Advisors will be among the first adopters of this system. Angus Fletcher, Global Head of Digital Asset Solutions at State Street, stated: "This launch reflects our concrete progress in infrastructure development, successfully enabling digital and traditional assets to operate in concert within a unified institutional framework." As for why the initial launch is in Europe, State Street explained that Luxembourg possesses an extremely mature fund ecosystem and robust legal regulations that support "digitally native fund" structures. However, the final launch of this service remains subject to approval from local regulators and the readiness of internal systems. Targeting the RWA blue ocean, traditional finance accelerates its beachhead. As one of the world's largest institutional financial services providers, State Street had $54.5 trillion in assets under custody and administration and $5.6 trillion in assets under management as of the end of the first quarter of this year. State Street's move was not entirely unexpected. The bank previously partnered with Swiss digital asset firm Taurus to actively develop its crypto asset custody business; State Street executives have also publicly stated that institutional investors are bound to increase their exposure to digital assets in the coming years. In fact, the narrative of "asset tokenization" is sweeping the global financial sector. Ark Invest and Standard Chartered have both predicted that the market for Real World Asset (RWA) tokenization will see explosive growth in the coming years, soaring to trillions of dollars. Among these, tokenized funds, U.S. Treasuries, and money market products will serve as the primary engines driving this frenzy. State Street's latest move is intended to preemptively lay the "market infrastructure" to capture this wave of tokenization.

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Source:區塊客

Published:2026-04-29 07:18:54

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