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State Street Works With Regulators on Crypto Custody Push

2022/02/26 04:07

According to Bloomberg, State Street Corp. is working with U.S. regulators to ensure it’s in position to roll out custodial services for cryptocurrencies once approved, in the latest sign of traditional finance converging with digital assets. State Street Corp. started a digital division last June, and has “mega plans” to offer digital wallet safekeeping services to clients, according to Nadine Chakar, leader of the group. The challenge is regulatory, Chakar said.
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