State Street, the $2.7 trillion custodian, is quietly diving into crypto – but don't expect bitcoin custody
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Quick Take
- State Street is a $2.7 trillion custodian
- It has a number of proof of concepts in the works pertaining to crypto, but custodying bitcoin isn’t on the table
When institutions? It’s a question that hangs over the budding cryptocurrency market, which hasn’t been able to lure in traditional capital as quickly as some enthusiasts might have hoped. Many say one of the key impediments has been a lack of proper custodians with a big brand name. Fidelity, the multi-trillion-dollar asset manager, sprang up […]
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