State Street Bank announces restructuring of digital asset team, plans to offer cryptocurrency custody services

ChainCatcher news, State Street Corp., headquartered in Boston, announced a restructuring of its digital asset team. Currently, its digital asset department has begun hiring, less than six months after layoffs in the department. It is reported that the bank plans to offer cryptocurrency custody services, a move that reflects State Street's increasing confidence in the digital asset market, as cryptocurrencies and tokenized assets become more integrated into the financial system.