Boston-based asset management and banking giant State Street is working on tokenizing a bond and a money market fund, but has no immediate plans to create a stablecoin or tokenized deposits. The company aims to build tokenized collateral that would allow traders to use as margin without liquidating their holdings. State Street is joining other traditional finance heavyweights and global banks in exploring the tokenization of real-world assets to increase efficiency and lower administrative costs. The bank has also been expanding its presence in the digital asset industry and plans to offer custody for digital assets once the regulatory environment in the US improves.



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