State Street Collaborating with Taurus on New Digital Asset Services

Taurus SA, a Swiss fintech, is collaborating with State Street to add tokenization and digital custody services to the US financial services group as institutional interest in digital assets continues to accelerate. In August this year State Street said in a statement that the agreement with Taurus will further enhance State Street Digital which seeks to provide an integrated business and operating model that supports the digital investment lifecycle. State Street already offers fund administration and accounting offerings for digital assets. Lamine Brahimi, co-founder and managing partner of Taurus SA, said in a story in Markets Media that the partnership between Taurus and State Street developed from a mutual interest in improving digital asset services for institutional investors.  He argued that State Street needed a reliable partner to enhance its digital asset offerings, and Taurus’ expertise in custody, tokenization, and blockchain technology made the firm a natural fit. State Street said it will use Taurus’ fully integrated, custody, tokenization, and node-management services to automate the issuance and servicing of digital assets, including digital securities and fund management vehicles, subject to regulatory approvals.