2024-08-22 06:42:55

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State Street has decided to introduce the technology of Swiss financial technology company Taurus to provide cryptocurrency custody and tokenization services, enabling State Street to hold clients' encryption assets and help them create tokenization assets, such as funds and other securities.
US regulation remains unfriendly, Daofu Bank focuses on RWA first
Dao Fu has always been one of the banks that quietly participates in the encryption field. In 2021, it established a dedicated digital finance department to provide cash custody services for multiple Bitcoin ETFs. In June, it also announced a cooperation with encryption investment company Galaxy Digital to promote the creation of new digital asset ETFs.
According to CoinDesk, due to regulatory obstacles in the United States, Daofu Bank will initially focus on the tokenization of traditional assets (RWA), and choose Cryptocurrency custody and tokenization expert Taurus to provide digital asset services, in order to create a more favorable regulatory environment in the United States.

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