Inside State Street Bank’s Blockchain Deliberations
The global custody bank's tech and product teams are keen to transform securities lending into a peer-to-peer market, but not all are on board.
The majority of asset managers that bank with State Street are interested in digital assets, but none have asked the global custodian to store them yet.
Moiz Kohari, State Street's global chief technology architect, has left to build a new data privacy startup.
Boston-based State Street Corp. is partnering with cryptocurrency exchange and custodian Gemini Trust on a new pilot that examines reporting scenarios for digital assets.
Elaine Sun Ye Lin, former head of compliance for the Chinese branch of global bank State Street, has joined Huobi as compliance director.
State Street bank says there's no sense of urgency yet from clients for it to move into safeguarding crypto assets.