State Street Partners with Taurus to Enhance Digital Asset Services

On August 20, State Street Corporation, a leading provider of financial services with $44.3 trillion in assets under custody and/or administration, revealed a new partnership with Taurus SA.

This collaboration aims to expand State Street’s capabilities in digital assets by incorporating Taurus's technology for tokenization and digital custody.

Enhanced Digital Asset Solutions

State Street, known for its custodial and administrative services for institutional investors, will integrate Taurus's digital asset solutions into its offerings.

This partnership will include Taurus-PROTECT for asset security, Taurus-CAPITAL for managing tokenized assets, and Taurus-EXPLORER for connectivity to various blockchain protocols.

Integration and Future Goals

The partnership is set to improve State Street’s digital asset management tools, aligning with the increasing demand for advanced solutions.

Donna Milrod, State Street’s Chief Product Officer, expressed enthusiasm about the collaboration, highlighting its potential to enhance their digital asset services.

Regulatory Considerations

The implementation of these new services will depend on regulatory approval, as the financial landscape continues to evolve with the growing importance of digital assets.