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State Street Digital to Pitch Regulators on Crypto Custody

State Street Digital, the digital-assets arm of global custodian bank and investment manager State Street, will have a custody product ready to show regulators by the end of this year according to a story in Digital Finance news. The firm’s custody service will be able to service Bitcoin, Ethereum, and ERC-20 tokens (a standard API format for Ethereum-based coins). Third-party custodians in crypto are evolving to serve different user segments. In State Street Digital’s case, it will cater to its traditional clientele: asset owners (such as sovereign wealth funds) and global asset managers.

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