State Street Investment Management partnered with State Street to educate Tradfi on Crypto.
summary
- Stablecoin Standard and State Street IM have partnered to educate Tradfi on Crypto
- State Street is one of the world’s largest asset managers with an AUM of $4.67 trillion
- Stablecoins and Tokenization have become one of Tradfi’s most attractive crypto segments
Players at major institutions are increasingly focused on stubcoins. On Tuesday, August 5th, State Street was one of the world’s largest asset managers with $4.67 trillion assets under management, working with Stablecoin Standard to educate industry players at Crypto. This initiative will focus specifically on stubcoin and asset tokenization.
“We look forward to delivering our expertise to one of the largest traditional financial institutions with a global presence. This is an important milestone for us. Our goal has always been to introduce both key Crypto natives and Tradfi partners to establish robust standards around this early asset class.
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The two companies have entered into formal partnerships for a series of knowledge sharing initiatives. The partnership begins with the annual flagship event of Stablecoin Standard held in London in October.
“We look forward to hosting the annual flagship event for Stablecoin Standards at Canary Wharf Offices and welcoming the opportunity to promote engagement and learning from leading operators in the space.
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This partnership is a response to growing interest in stubcoin and tokenization among traditional financial institutions. Specifically, Tradfi companies are investigating tokenization use cases in money market funds, bonds, and private credit.
A recent study by Ripple and Boston Consulting Group shows that tokenized real-world asset markets are expected to increase from today’s $0.6 trillion to $18.9 trillion by 2033.
read more: A quiet advantage that powers tokenization | Opinion
