Banking Giant State Street Is Waiting on Client Demand for Crypto Custody
State Street bank says there's no sense of urgency yet from clients for it to move into safeguarding crypto assets.
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.
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.
Data privacy startup Manetu goes live early next month with $3.5 million in backing from Castle Island Ventures and others.
Moiz Kohari, State Street's global chief technology architect, has left to build a new data privacy startup.
Elaine Sun Ye Lin, former head of compliance for the Chinese branch of global bank State Street, has joined Huobi as compliance director.