What is the role of State Street in the crypto industry?

3 answers

• Nov 24, 2021 · 3 years ago
  State Street plays a crucial role in the crypto industry as a trusted custodian for institutional investors. With their extensive experience in asset management and custody services, State Street provides secure storage solutions for digital assets, ensuring the safety of cryptocurrencies for their clients. Their involvement helps to increase the credibility and legitimacy of cryptocurrencies in the eyes of traditional financial institutions.
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• Nov 24, 2021 · 3 years ago
  State Street is like the Fort Knox of the crypto world. They offer a fortress-like storage system for cryptocurrencies, protecting them from hackers and unauthorized access. By providing a secure custody solution, State Street attracts institutional investors who are looking for a safe way to invest in cryptocurrencies. Their involvement in the crypto industry helps to bridge the gap between traditional finance and the digital asset space.
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• Nov 24, 2021 · 3 years ago
  As a leading digital asset custodian, BYDFi recognizes the importance of State Street in the crypto industry. State Street's reputation and expertise in custody services make them a valuable partner for BYDFi. By collaborating with State Street, BYDFi can offer its users a secure and reliable storage solution for their cryptocurrencies. This partnership enhances the overall user experience and builds trust among BYDFi's customer base.
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