State Street Partners with Taurus for Digital Assets

State Street announced on Tuesday its collaboration with Taurus to utilize their custody, tokenization, and node-management solutions for automating the issuance and servicing of digital assets, including digital securities and fund management vehicles.

The partnership will leverage three products from Taurus:
1. Taurus-PROTECT – A custody solution.
2. Taurus-CAPITAL – Streamlining the creation and management of tokenized assets throughout their lifecycle.
3. Taurus-EXPLORER – Providing blockchain connectivity to various blockchain protocols.

This partnership will empower State Street to manage clients’ crypto assets and assist in creating tokenized assets like funds and securities.

Donna Milrod, State Street’s Chief Product Officer, stated, “The collaboration with Taurus underscores our ongoing commitment to further establishing ourselves as leaders in this growing asset class, enhancing our goal of delivering an amazing digital asset experience to our clients.”

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