State Street partners with Taurus for crypto custody

State Street has just struck a deal with Taurus so it can provide crypto services to customers. State Street’s chief product officer, Donna Milrod, told us that this collaboration with Taurus is about solidifying State Street’s place in the industry.

“We’re excited to be working with Taurus as we continue to elevate our digital asset capabilities and deliver the innovative solutions our clients have been seeking.”

Now, let’s talk about Taurus. These guys specialize in infrastructure that caters to big financial institutions, and they’ve got the tech to back it up.

What makes this partnership interesting is how State Street plans to use Taurus’s tech to beef up its own digital asset offerings. 

We’re talking about full-on integration—custody, tokenization, and even node management. This is about automating the whole digital asset process, from issuing digital securities to managing fund vehicles. 

And, of course, everything’s got to meet the strict institutional standards that these big players demand.

The timing couldn’t be better either. Institutional interest in crypto is through the roof right now since America’s SEC made the shocking decision to approve spot Bitcoin ETFs for trading back in January.