State Street has signed a license agreement with Copper to develop an enterprise-grade digital asset custody product.
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State Street Digital president Nadine Chakar shared her thoughts on the matter:
“We are building the financial infrastructure needed to facilitate our clients’ allocations to this new asset class”
A London-based company, Copper is a provider of corporate custody offerings on more than 40 exchanges and 450 digital assets.
State Street’s crypto custody product will be subject to regulatory approval.
With $43 trillion in assets on-site, State Street launched a crypto division last year with plans to evolve into a “multi-asset platform” to support crypto trading.
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