Overview
- State Street, which announced the plan Tuesday, targets a late-2026 rollout from Luxembourg through its Digital Asset Platform.
- Tokenized funds record fund ownership on a blockchain to handle issuance, transfer agency work, recordkeeping, and custody in one system.
- State Street Investment Management will act as an early user to test live workflows before wider availability.
- The company said timing depends on regulatory clearance and on meeting operational milestones in the new operating model.
- STT traded at $154.84, up 0.53%, after the update, as the custodian highlighted its $54.5 trillion in assets under custody or administration and $5.6 trillion in assets under management.