This was a historic week for Bitcoin and the entire cryptocurrency community. El Salvador became the very first country to officially recognize Bitcoin as legal tender.

State Street wants to send a message to Wall Street: the custodial banking firm is serious about digital assets. 

The post State Street stands up new crypto unit as it eyes potential custody, DeFi products appeared first on The Block.

State Street Bank Launches Cryptocurrency Division | The Basel Committee Proposes Strict Capital Requirements for Banks With Bitcoin Exposure | Invesco Plans Two Crypto-Linked ETFs Despite Regulatory Delays

On Thursday (June 10), Ronald P. O’Hanley, chairman and CEO of Street Street Corporation, one of the world’s largest custodian banks, explained why his firm is creating a digital finance division. 229-year-old State Street, which is headquartered in Boston, is one of the largest asset management firms in the world, and is ranked as the […]

State Street is planning to expand its digital finance capabilities.