TradFi Giant State Street Mulls Creating Stablecoin, Tokenized Deposits: Bloomberg

TradFi Giant State Street Mulls Creating Stablecoin, Tokenized Deposits: Bloomberg

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Source: Coindesk.com

State Street, a Boston-based asset management and banking giant, is exploring creating stablecoins and tokenized deposits to settle transfers on blockchain rails, Bloomberg reported Wednesday citing a source familiar with the matter.

The bank also weighs participating in "digital-cash consortium efforts" and is "looking at settlement options" via Fnality International, a fintech firm in which State Street

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Source: Coindesk.com

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