State Street Works on Tokenized Bond and Money Market Fund; No ‘Current...

State Street Works on Tokenized Bond and Money Market Fund; No ‘Current Plans’ for Stablecoin Project

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Source: Coindesk.com

Boston-based asset management and banking giant State Street (STT) is working on bond and money market fund tokenization, but has no imminent plans to create a stablecoin or tokenized deposits, according to a bank executive.

“We don’t have a current plan to issue a stablecoin or tokenise a deposit,” said Donna Milrod, the bank's chief product officer,

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The post "State Street Works on Tokenized Bond and Money Market Fund; No 'Current Plans' for Stablecoin Project" appeared first here Coindesk.com.

Source: Coindesk.com

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