One the world's largest institutional custodians, State Street, claimed that there is no sense of urgency on the part of company’s clients to move the firm into safeguarding crypto assets, according to the announcements on Block FS conference.
As it was stated by State Street’s managing director for digital product development and innovation, Jay Biancamano, the company experience a high level of interest in cryptocurrency services even despite small demand from its clients.
However, there are some players that don’t share the idea of State Street in the traditional custody world,. Thus, Northern Trust and Japanese bank Nomura are known to be working on digital asset custody solutions right now.
As it was reported earlier, such famous cryptocurrency companies like Coinbase and BitGo that have already joined State Street on the Block FS custody panel, have gained qualified custodian licenses earlier this year.
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