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Report: State Street enters tokenized bonds and digital money funds

State Street, the largest custodian bank in the world, is exploring the use of blockchain technology to tokenize bonds and money market funds for enhanced collateral management. The bank is working on two ongoing projects to tokenize collateral linked to money market funds and bonds. The aim is to develop tokenized collateral that can be used as margin for trading, eliminating the need for liquidating holdings in money market funds. While State Street does not currently plan to launch a stablecoin, it acknowledges the potential for future developments in that area.

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