PANews reported on July 18 that Bloomberg quoted people familiar with the matter as saying that US financial services giant State Street Bank is exploring ways to participate in blockchain payment settlements. The company is exploring the creation of its own stablecoin and considering creating its own deposit tokens. In addition, State Street Bank is looking for new settlement methods by investing in blockchain payment startup finality. It is reported that State Street Bank needs to obtain approval from US banking regulators to launch deposit tokens. State Street is one of the world's largest asset management companies, with an asset management scale of over 4 trillion US dollars.