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Today in crypto, State Street became the first custodian to join JPMorgan’s tokenized debt platform, allowing the asset manager to hold blockchain-based securities, cryptocurrency exchange Gemini received a Markets in Crypto-Assets Regulation (MiCA) license in Malta, and US Fed governor Christopher Waller urged his peers not to fear decentralized finance (DeFi) and the blockchain.
State Street, one of the world’s largest asset managers, has become the first custodian to adopt JPMorgan’s new blockchain-based debt platform, marking a milestone in institutional access to digital securities and signaling growing mainstream acceptance of digital assets.
The platform, called Digital Debt Service, enables clients to trade and settle tokenized government and corporate bonds on a blockchain. As part of the launch, State Street purchased $100 million in tokenized commercial debt from Oversea-Chinese Banking Corporation.
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