{"id":43454,"date":"2025-08-21T18:46:52","date_gmt":"2025-08-21T18:46:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43454"},"modified":"2025-08-21T18:46:52","modified_gmt":"2025-08-21T18:46:52","slug":"state-street-expands-custody-to-tokenized-debt-on-jpmorgans-blockchain-platform","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43454","title":{"rendered":"State Street Expands Custody to Tokenized Debt on JPMorgan\u2019s Blockchain Platform"},"content":{"rendered":"
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State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan\u2019s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian.<\/p>\n

The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), a Singapore-based banking group, according to a Thursday press release.<\/p>\n

State Street Investment Management, the bank’s asset management arm, purchased the debt. J.P. Morgan Securities acted as placement agent.<\/p>\n

The move comes as traditional finance heavyweights and global banks are getting increasingly involved in tokenization of financial instruments, or real-world assets (RWA), placing bonds, funds and credit on blockchain rails. The process promises operational benefits such as increased efficiency, faster and around-the-clock settlements and lower administrative costs.<\/p>\n

The tokenized asset market could grow could balloon in the next few years, though projections vary from McKinsey’s<\/a> $2 trillion by 2030 to Ripple and BCG’s<\/a> almost $19 trillion by 2033.<\/p>\n

By joining JPMorgan’s blockchain platform, State Street can now offer clients custody of tokenized debt securities without changing its traditional servicing model.<\/p>\n

In this particular case, State Street manages client holdings in a digital wallet directly connected to JPMorgan\u2019s system, eliminating manual steps in settlement and recordkeeping. The infrastructure supports delivery-versus-payment settlement, with the option for same-day (T+0) settlement, and automates corporate actions such as interest payments and redemptions through smart contracts.<\/p>\n

“This launch reflects a meaningful step forward in our digital strategy \u2014 where we manage a digital wallet on-chain and lay the groundwork for interoperability across blockchain networks,” Donna Milrod, State Street’s chief product officer, said in a statement.<\/p>\n

The bank pursued initiatives to tokenize a bond and a money market fund, Milrod said<\/a> in October. The firm also selected<\/a> Switzerland-based Taurus as a tokenization partner.<\/p>\n

Read more: DBS Launches Tokenized Structured Notes on Ethereum, Expanding Investor Access<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan\u2019s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian. The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43454","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43454"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43454\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}