State Street: Institutional investors undeterred by crypto winter
A State Street exec says there is an institutional “belief that the asset class is here to stay” and to expect further product launches from traditional finance firms moving forward. Institutional investors are unfazed by the current crypto winter and have maintained their interest in blockchain and digital assets according to megabank State Street.Speaking with Australian news outlet Sydney Morning Herald (SMH) on Sept. 11, Irfan Ahmad, the Asia Pacific digital lead for the bank’s crypto unit State Street Digital emphasized that despite extreme volatility through June and July, the firm’s....
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Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto State Street, a leading investment management firm, sees unwaning institutional demand for cryptocurrency despite market sell-offs, the Sydney Morning Herald reported Monday. Irfan Ahmad, State Street Digital’s product lead for the Asia-Pacific region, said the banking giant’s....
State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State Street Corp. announced new cryptocurrency services Thursday. The financial services firm “will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients” in partnership with Lukka, the announcement details, adding: State Street....
State Street, one of the largest banking institutions in the United States, has released a new report in which they disclose that institutional investors currently allocate over 20% of their total assets under management (AUM) to crypto assets, a figure expected to more than double in the next three years. Increased Crypto Exposure The latest […]
Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange. State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform.Currenex, a foreign exchange technology provider owned by State Street, has entered into an agreement with crypto firm Puremarkets to provide its trading infrastructure and tech for the new crypto trading platform Pure Digital. Announcing the news Thursday, Pure Digital said that it will....
‘Crypto winter’ is a term that gets thrown around a lot in the crypto space. Some may not know the exact meaning of this phrase but may infer a strong negative connotation just from the words themselves. But it refers to a long and prolonged fiat trading period that follows a crash in the crypto […]