Today State Street Digital announced it is partnering with London-based cryptocurrency custody startup Copper to provide the technology for State Street’s institutional digital asset custody solution, which it plans to launch once it has regulatory approval.
State Street is the world’s second-largest conventional custodian with $42.6 trillion in assets under custody. It unveiled its digital asset division in mid-June last year.
“As institutional investors’ interest in digital assets continues to grow, we are building the financial infrastructure needed to support our clients’ allocations to this new asset class,” said Nadine Chakar, head of State Street Digital. “State Street Digital’s mission continues to focus on putting the right tools in place so we can provide clients with solutions to support their traditional, as well as digital assets needs.”
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