According to TechFlow, on October 9, according to CoinDesk, Donna Milrod, chief product officer of US asset management and banking giant State Street, revealed in an interview with (Financial News) that the company is carrying out tokenization projects for bonds and money market funds, which are expected to continue until next year. Milrod said that these projects are aimed at creating tokenized collateral that traders can use as margin without liquidating their holdings. She emphasized that tokenized collateral could help avoid the "liability-driven" crisis in 2022. Milrod also mentioned that State Street currently has no plans to issue stablecoins or tokenized deposits.

Earlier news said that the company has chosen Switzerland's Taurus as its tokenization partner and said it will provide digital asset custody services once the US regulatory environment improves.