State Street’s head of digital partnerships and investments joins Lukka after leading the custodian’s investment in the digital asset firm.
Tag: Digital assets
The new unit, State Street Digital, will be led by well-known securities services veteran Nadine Chakar, and seeks to address the industry-wide shift to a digital economy.
Overwhelming percentage believe digital assets will become dominant over time, while 63% of over 200 survey participants have already begun developing a strategy.
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, outlines the group's plans to be a core market infrastructure for digital securities.
Deutsche Bank and STACS were able to remodel and optimise the workflows involved to create a ‘bond in a box’ DLT platform.
Global custodians and institutional investors could further be encouraged to adopt digital assets by using specialist digital asset sub-custodians.
Role will see a focus on advancing the company’s technology innovation, including further building capabilities in digital, crypto and other digitally-led technologies.
Societe Generale Forge plans to offer crypto assets structuring, issuing, exchange and custody services to clients by 2022.
The mandate is the latest for State Street as it looks to carve a role in supporting digital asset uptake among institutional investors.
HSBC acted as the arranger bank, custodian and settlement bank for the digital bond issued on the Marketnode platform.