State Street has signed an agreement with Taurus SA, the Switzerland-based provider of digital asset infrastructure, to deliver digital assets capabilities for State Street’s clients. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ custody, tokenisation and node management solutions to automate the issuance and servicing of digital assets, including digital securities and fund management vehicles, in accordance with applicable institutional standards.
State Street will deploy three of Taurus’ products including, Taurus-PROTECT, Taurus-CAPITAL, which streamlines the process of creating and managing tokenised assets throughout their lifecycle, and Taurus-EXPLORER, which provides blockchain connectivity to multiple different blockchain protocols.
In 2023 State Street and Copper, the UK-based digital assets services provider ended their agreement, citing in part the uncertain regulatory environment.