State Street pushes deeper into tokenization with Luxembourg fund servicing plan

State Street has announced plans to introduce tokenized fund servicing from Luxembourg by late 2026. By leveraging its Digital Asset Platform, the firm aims to support the full lifecycle of tokenized funds, including issuance, administration, and custody. This initiative is designed to allow both digital and traditional fund structures to coexist under a unified governance and risk management framework. State Street Investment Management will serve as an early adopter, utilizing the service to test tokenization within existing operational models. The choice of Luxembourg underscores the firm's focus on key European fund domiciles with established legal frameworks for digital assets. This expansion builds upon State Street's existing digital infrastructure, including previous collaborations with Swiss firm Taurus, to meet growing institutional demand for tokenized products.

(Source：Crypto Briefing)