Beware of robber banks (RB), bad advisors.
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State Street: 38% of Clients Will Put More Money into Digital Assets in 2020
The majority of asset managers that bank with State Street are interested in digital assets such as bitcoin, but none have asked the global custodian to store them yet. “We’re talking to them less about ‘Can you custody this,’ and more about how we can work together to make sure these changes aren’t disruptive to our business models,” said Jay Biancamano, State Street’s managing director of digital product development and innovation. The firm will have a better idea of what it will do with digital asset custody in 2020, he said at an event sponsored by the bank Thursday in New York. After custody, State ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...
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Beware of robber banks (RB), bad advisors.
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