State Street has partnered with digital asset infrastructure firm Taurus to provide a full service digital platform to institutional investors.
Taurus offers fully integrated custody, tokenisation and node-management solutions to automate the issuance and servicing of digital assets, State Street explained. The partnership will enhance the State Street Digital Asset Solutions business, it added, which already provides fund administration and accounting services.
Donna Milrod, chief product officer and head of digital asset solutions at State Street, commented: “The collaboration underscores our ongoing commitment to further establishing ourselves as leaders in this growing asset class, and this important announcement only enhances our ambition to deliver to our clients an amazing digital asset experience. We are excited to be working with Taurus as we continue to elevate our digital asset capabilities and deliver the innovative solutions our clients have been seeking.”
Clients of State Street Bank and Trust Company will benefit from Taurus-CAPITAL, which streamlines the creation and management of tokenised assets, Taurus-EXPLORER, a tool providing blockchain connectivity to a range of protocols and custody solution Taurus-PROTECT.
Lamine Brahimi, co-founder and managing partner of Taurus, added: “We are thrilled to have been chosen by State Street as a strategic partner for custody and tokenisation and are excited about our collaboration and the opportunity to introduce innovative digital asset products and services to the industry,”
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