State Street and Taurus team up for digital asset custody and tokenization services

The move will see State Street leverage three of Taurus’ products including custody solution Taurus-PROTECT and Taurus-CAPITAL, which streamlines the process of creating and managing tokenized assets throughout their lifecycle. State Street will also use Taurus-EXPLORER, which provides blockchain connectivity to dozens of different blockchain protocols.

The tie-up will allow State Street to hold clients' crypto assets and help them create tokenized assets, such as funds and other securities.

"The collaboration with Taurus underscores our ongoing commitment to further establishing ourselves as leaders in this growing asset class, and this important announcement only enhances our ambition to deliver to our clients an amazing digital asset experience," State Street Chief Product Officer Donna Milrod said.

"We are thrilled to have been chosen by State Street as a strategic partner for custody and tokenization and are excited about our collaboration and the opportunity to introduce innovative digital asset products and services to the industry," Taurus co-founder Lamine Brahimi said.