State Street Expands Custody to Tokenized Debt on JPMorgan’s Blockchain Platform

Wall Street's custody wars just entered the blockchain era—and the stakes just got real.

State Street doubles down on digital assets

The $4.1 trillion custodian isn't just dipping toes anymore—it's diving headfirst into tokenized debt. JPMorgan's blockchain platform becomes the battleground where traditional finance meets decentralized rails. No more vague experiments; this is institutional adoption at scale.

Why custody matters now

Tokenization isn't some theoretical future—it's slicing debt into tradable digital fragments. Custodians hold the keys, and State Street just claimed throne rights. They're not waiting for regulators to catch up; they're building the prison while writing the rules.

The cynical take

Because nothing says 'innovation' like banks reinventing securitization with extra steps—and calling it disruption. But hey, at least the blockchain receipts are prettier than 2008's mortgage paperwork.

Watch this space. The old guard isn't just adapting—they're colonizing.