State Street News

A global survey finds investors are deepening exposure to blockchain and AI, though many remain skeptical that decentralized finance will take over traditional markets.

The firm revealed it has “$44.3 trillion in assets under custody and/or administration and $4.4 trillion in assets under management.”

After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services.

Traditional financial institutions such as State Street and BNY Mellon continue to get involved in the fast-evolving cryptocurrency space.

Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange.