State Street Launches Digital Asset Platform

Custody giant embraces tokenization to meet growing institutional demand for digital products.

Mar. 30, 2026 at 4:27pm

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State Street, one of the world's largest custody banks overseeing $52 trillion in assets, has launched a new Digital Assets Platform to support the development of tokenized financial products like money market funds, ETFs, and stablecoins. The platform provides wallet management, custody, and cash capabilities for institutions seeking to embrace blockchain-based assets.

Why it matters

State Street's move to launch a dedicated digital asset platform is a significant endorsement of tokenization from a major banking heavyweight. As more institutions seek exposure to digital assets, State Street's new offering demonstrates that traditional finance is taking the rise of blockchain-based products and markets seriously.

The details

State Street's Digital Assets Platform includes wallet management, custodial, and cash capabilities to enable the creation of tokenized financial products across different blockchain networks, both public and private. The bank plans to develop a suite of tokenized offerings, including money market funds, ETFs, and stablecoins, as well as support fractional ownership models. State Street already provides administration and accounting services for crypto ETFs.

  • State Street launched the Digital Assets Platform in January 2026.
  • In December 2025, State Street Investment Management announced a partnership with Galaxy Digital to launch a tokenized private liquidity fund.

The players

State Street

One of the world's largest custody banks, overseeing approximately $52 trillion in assets under custody and administration.

Joerg Ambrosius

President of State Street Investment Services, who stated the new platform will enable institutions to 'confidently embrace tokenization as part of their core strategy.'

Galaxy Digital

A cryptocurrency investment firm that partnered with State Street Investment Management to launch a tokenized private liquidity fund.

Jesse Knutson

Head of operations at Bitfinex, who believes tokenization will democratize access to capital and investment opportunities, particularly in emerging markets.

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What they’re saying

“By pairing blockchain connectivity with robust controls and global servicing expertise, we're enabling institutions to confidently embrace tokenization as part of their core strategy.”

— Joerg Ambrosius, President of State Street Investment Services

“Through fractional ownership, built-in compliance, and greater efficiency, tokenization should mean that individuals and businesses, particularly in emerging markets, have greater wealth generation and funding opportunities.”

— Jesse Knutson, Head of operations at Bitfinex

What’s next

State Street plans to continue expanding its suite of tokenized financial products, including money market funds, ETFs, and stablecoins, as part of its Digital Assets Platform.

The takeaway

State Street's launch of a dedicated Digital Assets Platform signals that traditional finance is fully embracing the rise of tokenization and blockchain-based assets. This move by a major custody bank is expected to drive further institutional adoption of digital products and accelerate the integration of traditional and decentralized finance.