State Street partners with Galaxy Asset Management
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State Street partners with Galaxy Asset Management 27 June 2024 US Reporter: Klea Neza
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State Street Global Advisors have partnered with Galaxy Asset Management, one of the world’s largest digital assets and blockchain investment managers.
The collaboration aims to bring investors the next generation of digital asset based strategies that will offer exposure to companies involved in the digital asset space, going beyond cryptocurrencies and bitcoin.
The companies suggest that by combining their strengths, both businesses will provide investors access to the US$2.4 trillion digital asset ecosystem through manager-directed strategies.
Anna Paglia, chief business officer at State Street, comments: “We believe that the digital assets landscape is so much more than the single crypto components and that crypto native companies are best equipped to understand that ecosystem and its correlation with financial markets.
“We are pleased to be working with Galaxy to educate investors about the role digital assets can play in a diversified portfolio, and provide the opportunity to participate in the next level of growth and innovation for the digital asset ecosystem.”
Steve Kurz, global head of Asset Management at Galaxy, says: “By partnering with State Street Global Advisors and utilising our combined expertise, we believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure to digital assets.”
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