Donna Milrod, Chief Product Officer at State Street Corporation (STT), a giant in asset management and banking, stated in an interview that the bank has two ongoing tokenization projects focused on the tokenization of bonds and money market funds, but there are no current plans to create stablecoins or tokenized deposits.

According to Foresight News and a report by CoinDesk, Donna Milrod, the Chief Product Officer of State Street (STT), stated in an interview that the bank has two ongoing tokenization projects focused on the tokenization of bonds and money market funds, but there are no current plans to create stablecoins or tokenized deposits.

State Street Bank is tokenizing bonds and money market funds.