State Street Partners with Taurus to Bolster Digital Asset Services for Institutional Investors
In a move to strengthen its digital asset capabilities, global financial services giant State Street has announced a strategic partnership with Swiss crypto infrastructure provider Taurus. This collaboration aims to deliver a comprehensive suite of digital asset services, including tokenization and custody, to meet the growing institutional demand for exposure to the crypto and blockchain ecosystem.
Through this agreement, State Street will leverage Taurus’ industry-leading products, including Taurus-PROTECT for custody, Taurus-CAPITAL for streamlining the creation and management of tokenized assets, and Taurus-EXPLORER for blockchain connectivity. This will allow State Street to automate the issuance and servicing of digital assets, such as digital securities and fund management vehicles, in line with institutional standards.
“The collaboration with Taurus underscores our ongoing commitment to further establishing ourselves as leaders in this growing asset class, and this important announcement only enhances our ambition to deliver to our clients an amazing digital asset experience,” said Donna Milrod, State Street’s Chief Product Officer and Head of Digital Asset Solutions.
The move comes at a time when institutional interest in digital assets has reached new heights. As cryptocurrencies and blockchain-based investment vehicles gain broader adoption, financial institutions are increasingly seeking trusted partners to help them navigate this emerging landscape.
Lamine Brahimi, Co-founder and Managing Partner of Taurus, expressed the firm’s excitement about the partnership, stating, “We are thrilled to have been chosen by State Street as a strategic partner for custody and tokenization and are excited about our collaboration and the opportunity to introduce innovative digital asset products and services to the industry.”
The partnership between State Street and Taurus is poised to have a significant impact on the digital asset space, as it combines State Street’s extensive experience in institutional finance with Taurus’ proven expertise in digital asset infrastructure. This collaboration is expected to further enhance State Street’s digital asset capabilities and provide its clients with a seamless and secure platform to engage with the evolving crypto and blockchain ecosystem.
As the regulatory landscape for digital assets continues to evolve, particularly in the United States, State Street has been vocal about the need for more favorable rules to facilitate greater participation by banks in this space. The partnership with Taurus is seen as a strategic move to position the firm as a leading provider of digital asset services, positioning it for growth as the market matures and institutional adoption accelerates.
