State Street to Offer Crypto Services to Private-Fund Clients

State Street is partnering with Lukka Inc., a provider of middle- and back-office crypto software, for the fund-administration services, State Street said in a statement. Lukka also will provide State Street’s private-fund clients with data to support valuation services. Last month, State Street created a new division, State Street Digital, led by Nadine Chakar, to expand the firm’s services for crypto, central bank digital currencies, blockchain and the tokenization of securities.