State Street has launched its digital asset platform for tokenised assets, marking a major milestone in its 2026 digital strategy and positioning the firm among the first global custodians to bring such capabilities to market.
The platform is designed to bridge traditional and digital finance by providing institutions with secure, scalable access to tokenised products. Acting as a connection point between digital asset venues, State Street will develop core offerings including tokenised money market funds (MMFs), ETFs, cash products such as tokenised deposits and stablecoins, and other tokenised assets.
The platform incorporates wallet management, custodial services and cash capabilities, supporting product development across jurisdictions and across both private and public permissioned blockchain networks. Integrated with State Street’s existing infrastructure, it offers institutional clients a seamless interface between digital and traditional services.
Donna Milrod, chief product officer for State Street, said the platform provides the foundation institutions need to scale tokenisation strategies. “This platform delivers that foundation in a way that is secure, interoperable and integrated so institutions can scale with confidence. It is built on a client partnership model that ensures ongoing evolution in line with market needs and regulatory expectations, reducing complexity while opening the door to innovation in a rapidly evolving digital financial landscape.”
