State Street and Taurus collaborate to deliver full service digital platform
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State Street and Taurus collaborate to deliver full service digital platform 21 August 2024Hong Kong Reporter: Clelia Frondaroli
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State Street Corporation and Taurus have partnered to deliver a reliable digital asset and capability solution to State Street Bank’s clients.
Subject to regulatory approval, the collaboration intends to leverage three of Taurus’ industry solutions, including Taurus-PROTECT and Taurus-CAPITAL, to automate the servicing of digital assets and provide blockchain connectivity to investors.
The companies say the agreement will further provide tokenisation and digital custody services to State Street’s existing fund administration and accounting capabilities.
Donna Milrod, State Street’s chief product officer and head of digital asset solutions, states: “We are excited to be working with Taurus as we continue to elevate our digital asset capabilities and deliver the innovative solutions our clients have been seeking.”
Co-founder and managing partner of Taurus, Lamine Brahimi, adds: “We are thrilled to have been chosen by State Street as a strategic partner for custody and tokenisation and are excited about the opportunity to introduce innovative digital asset products and services to the industry,”.
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