State Street Bank executives: I have seen some customers turn to digital products

Jay Biancamano, managing director of digital products and development at custodian bank State Street, said that State Street Bank sees Bitcoin as the first generation of global digital assets. All assets will eventually be traded on the blockchain. State Street is studying some cryptocurrencies, digital assets and securitized assets. State Street's current customers, for various reasons, did not invest in cryptocurrencies, and regulation is one of the reasons. State Street Bank's goal is to enable customers to seamlessly invest in any asset, whether traditional or digital. State Street Bank is currently able to provide these services and is ready to transform into digital. Biancamano said that this is a matter of time and has seen some customers turn to digital products.