Today, U.S.-based asset management and administration firm
State Street announced a digital asset pilot in collaboration with the cryptocurrency exchange and custodian Gemini Trust. The pilot will combine Gemini’s digital assets custody solution with State Street’s investment reporting.
To enable investors to have a single portal for reporting for multiple asset classes, State Street will incorporate a user’s digital assets held in custody at Gemini Custody alongside traditional assets serviced by State Street.
Initially, only two unnamed cryptocurrencies – likely Bitcoin and Ether – will be supported, but the idea is to include security tokens in future.
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