**State Street Unveils Digital Asset Platform for Institutions**

State Street, managing $4.4 million in assets, announced a new digital asset platform for institutional clients on Aug. 20. Partnering with Taurus, the platform will offer tokenization, node management, and custodial services. Lamine Brahimi of Taurus SA emphasized the importance of custody and tokenization in servicing tokenized securities.

**Institutional Interest in Digital Assets Soars**

Following BlackRock's Bitcoin ETF launch, institutional interest in digital assets has surged. Bitwise reports 66% of institutional Bitcoin investors held or increased their BTC holdings in Q2 2024. Ethereum ETFs could see $10 billion in their first year, predicts Sygnum Bank's Katalin Tischhauser.

**Morgan Stanley Recommends Bitcoin ETFs**

Morgan Stanley now allows its 15,000 advisers to recommend Bitcoin ETFs, specifically BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. Despite market turbulence, Bitcoin ETFs saw $11 million in inflows on Aug. 15.