đ State Street, the world's largest custodian bank, is diving into blockchain! They're exploring tokenizing bonds and money market funds to enhance collateral management. Chief Product Officer Donna Milrod revealed two ongoing projects focused on this, aiming to develop tokenized collateral for trading margins.
đ This move follows similar initiatives by BlackRock and JPMorgan. While a State Street stablecoin isn't on the immediate horizon, the potential remains open.
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