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You are at:Home » The Oldest US Bank Launches a New Dedicated Crypto Division
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The Oldest US Bank Launches a New Dedicated Crypto Division

AB News DeskBy AB News DeskJune 10, 2021Updated:July 31, 2021No Comments2 Mins Read
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State Street Launches a New Dedicated Crypto Division - AlexaBlockchain
The Oldest US Bank Launches a New Dedicated Crypto Division
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The new division – ‘State Street Digital’ – will build on State Street’s current digital capabilities and will expand to include crypto, CBDC, blockchain, and tokenization.

United States, June 10, 2021 /AlexaBlockchain/ – State Street, the oldest bank in the US with $40.3 trillion in assets, launches a new dedicated crypto division focused on addressing the industry’s evolving shift to digital finance.

  • The new division has been named ‘State Street Digital’. It will build on State Street’s current digital capabilities and will expand to include crypto, central bank digital currency, blockchain, and tokenization.
  • “The financial industry is transforming to a digital economy, and we see digital assets as one of the most significant forces impacting our industry over the next five years,” said Ron O’Hanley, chairman and chief executive officer of State Street Corporation.
  • Ron added, “Digital assets are quickly becoming integrated into the existing framework of financial services, and it is critical we have the tools in place to provide our clients with solutions for both their traditional investment needs as well as their increased digital needs.”
  • State Street Digital will be led by Nadine Chakar, three-decade industry veteran and executive vice president. Chakar will report to Lou Maiuri, chief operating officer of State Street Corporation.
Blockchain Industry CBDC Cryptocurrency Digital Assets State Street State Street Digital Tokenized Investment United States
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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