https://www.bloomberg.com/news/arti...offer-crypto-services-to-private-fund-clients State Street to Offer Crypto Services to Private-Fund Clients By Matthew Leising July 29, 2021, 4:00 AM PDT Move comes amid Wall Street’s growing digital-asset adoption Company is partnering with Lukka for cryptocurrency services Follow @crypto Twitter for the latest news. State Street Corp. is set to offer cryptocurrency reporting, reconciliation and processing services to its private-fund clients in the latest sign that digital assets are gaining acceptance on Wall Street. The firm 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 Thursday. Lukka also will provide State Street’s private-fund clients with data to support valuation services, Lukka spokesman Brian Brown said. Boston-based State Street is one of the world’s largest custodians, with $42.6 trillion in assets either under custody or administration. Wall Street began experimenting with blockchain about five years ago, with banks including JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of New York Mellon Corp. and the crypto unit of Fidelity Investments all offering clients various digital-asset services. Startup Paxos Trust Co. is using blockchain technology to settle some equity trades in near-real time, while Arca is offering digital shares in a U.S. Treasury fund, showing that distributed-ledger technology can help streamline finance. As cryptocurrencies and decentralized finance gain mainstream acceptance, money has been pouring into the space to fund startups and new ways of conducting financial transactions. 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. “The growth in popularity of digital assets is showing no signs of a slowdown and State Street Digital is committed to continuing to build out the necessary infrastructure to further develop our digital assets servicing models to help meet our clients’ growing demands,” Chakar said in the statement.
wont last, this current run up will come crashing down once the moratoriums expire. BTC will be below 20k by the end of the year. All you btc adopters are just wasting your money and i cant wait to see it all vanish the next day because it is backed BY NOTHING - Most ET members in this subforum.
If you are trying to ask a serious question with a post that is clearly satire and making fun of the BTC haters, then i suggest you go to your DR and up your dosage for your meds.
all good, the way you put it, I did not realize it was satire. And BTC can easily be at 20k by year end. It was 28k like a week ago
Sure it CAN, however we operate on probabilities around here, not possibilities and its obvious you dont understand the significance of the support of 28k. If it was going to go lower it would have done it already. Instead it made a HL and has already tested 28k 3 times. It wont go back down to 20k ever again barring some unforeseen cataclysmic event, and the economy "crashing" as everyone likes to say nowadays is not going to be that event.
Glad you not an insane believer, who says it is impossible to ever see 20k. Here is one such possible event.