State Street Launches Blockchain-Based Digital Debt Custody via J.P. Morgan’s Platform
State Street has introduced blockchain-powered digital debt custody services through J.P. Morgan's Digital Debt Service platform, marking a pivotal step in institutional adoption of tokenized assets. The collaboration integrates State Street's custody solutions with J.P. Morgan's blockchain infrastructure, enabling seamless management of tokenized fixed-income securities.
The platform supports real-time settlement and lifecycle management of debt instruments, with tokenized holdings secured in State Street's digital wallets. OCBC's $100 million transaction exemplifies the system's operational readiness, positioning blockchain as a viable infrastructure for mainstream capital markets.