State Street Bank executives: State Street Bank is studying certain cryptocurrencies, digital assets and securities tokens

Jay Biancamano, managing director of digital products and development at State Street Bank (one of the world's largest custodian banks), said that at present, State Street Bank is studying certain cryptocurrencies, digital assets and securities tokens, but does not include practical tokens. (Utility Token). State Street Bank considers Bitcoin as the first generation of digital assets and believes that all assets will be traded on the blockchain. It further points out that our customers currently do not invest in cryptocurrencies for a variety of reasons (regulation is one of the reasons), but the goal of State Street Bank is to enable customers to seamlessly invest in traditional assets or digital assets. State Street Bank is currently able to provide these services and is ready to transform into digital. This is only a matter of time, as some customers have now seen turning to digital products.