Market news: Asset management and banking giant State Street is exploring the creation of stablecoins and tokenized deposits

ChainCatcher news, according to market news, asset management and banking giant State Street, with an asset management scale of $4 trillion, is exploring the creation of stablecoins and tokenized deposits to settle transfers on the blockchain.

State Street is also considering participating in the "Digital Cash Alliance" and looking for settlement options through its invested fintech company Fnality International.