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State Street Launches Digital Asset Platform Because Institutional Clients Clearly Don’t Have Enough Problems Already

An illustration of a stressed-looking businessman surrounded by financial charts falling from the sky and digital tokens floating away in opposite directions as he desperately tries to catch them while being bombarded by incoming papers with dollar signs flying at him; his face is pale and sweaty. In the background, an image of State Street's logo can be seen on top of a crumbling building amidst chaos and destruction caused by financial turmoil.

The latest news from State Street is a joke right? They’re partnering up with Taurus to create some kind of digital asset platform for institutional clients because clearly that’s what everyone wants – more ways to get fleeced by overpriced crypto infrastructure. I mean, who needs actual innovation when you can just rebrand the same old stuff and charge institutions even more money.

Source: cointelegraph

State Street, a financial services and asset management firm with $4.4 million in assets under management, announced plans for a digital asset platform for institutional clients on Aug. 20. The platform will offer institutional clients tokenization services, node management, and custodial services in collaboration with Taurus, a digital asset infrastructure provider. Following the announcement, Lamine Brahimi, co-founder and managing partner of Taurus SA, told Cointelegraph: According to State Street, the leveraging […]

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