Trading

State Street mulls tokenised bond push

The bank is also looking to use tokenised money market funds as collateral for trading

One of the world’s biggest financial services companies is thinking abut how to use crypto technology in asset management
One of the world’s biggest financial services companies is thinking abut how to use crypto technology in asset management Photo: David L. Ryan/Getty Images

State Street is experimenting with tokenised bonds and money market funds, joining a host of firms exploring how crypto technology can be used in traditional finance.

Chief product officer Donna Milrod told Financial News that the financial services giant has two ongoing projects: one to tokenise collateral based on money funds and the other to tokenise a bond.

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