Institutional inflows will be flooding in soon.
State Street and Gemini Launch Digital Asset Pilot
State Street Corporation (NYSE:STT), today announced a new digital asset pilot in collaboration with Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian. The pilot builds on ongoing research and development in the digital asset space to combine Gemini Custody™ with State Street’s back office reporting. The first of its kind, this pilot performs reporting scenarios on a user’s holdings within Gemini Custody. Initially, the pilot reports holdings of two cryptocurrencies chosen for liquidity reasons. However, it can be adapted to report on holdings of other digital assets, such as security ... (full story)