State Street Bank is exploring tokenized bonds and money market funds.

State Street Corporation, a major financial services firm in the United States, is exploring tokenized bonds and money market funds. Donna Milrod, the Chief Product Officer of State Street, stated that the company is currently researching these two projects and is working to establish tokenized collateral that can serve as variable or initial margin for trading. She also revealed that the company does not currently plan to launch stablecoins or tokenized deposits, but does not rule out the possibility. State Street has expanded its involvement in the crypto space and established partnerships to enhance its digital asset services. Recently, State Street appointed former BNY Mellon executive Vanessa Fernandes to lead its digital asset solutions division.