State Street Digital
State Street Corporation has launched a new division to focus on digital finance - State Street Digital - which will be headed up by Nadine Chaker.
“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,” Ron O’Hanley, State Street Corporation chairman and chief executive officer, said.
"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.”
The new division will include crypto, central bank digital currency, Blockchain, and tokenization. State Street's GlobalLink technology platform will be enhanced into a digital multi-asset platform, which will also support crypto assets, as part of the new division.
“State Street has a major role to play in the evolution of digital market infrastructure and this new division will help us bring our expertise and resources to the conversation. As digital currencies and tokenization not only gain momentum, but transform financial infrastructure and operating models, we can help our clients bridge the gap between the industry of today and the one of tomorrow," Chaker said.