According to TechFlow, asset management companies State Street and Galaxy announced a partnership to launch a new generation of digital asset investment strategies, covering companies in the digital asset field, not limited to cryptocurrencies and Bitcoin.
Anna Paglia of State Street said the collaboration will help investors understand the role of digital assets in a diversified portfolio and participate in its growth and innovation. Steve Kurz of Galaxy emphasized that the collaboration aims to make digital assets more accessible to the investment community through new ETFs. State Street Bank and Trust will provide administrative and accounting services for the new digital asset ETF.