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State Street Digital — Custody, Funds, and the Institutional Build-Out
State Street Digital, launched in 2021 with $43.7T in assets under custody, is building institutional blockchain infrastructure across custody, fund administration, and digital transfer agency for 70+ clients.
Lens 2 · Regulatory Intelligence
SAB 121 Reversal: What the SEC's Accounting Rule Change Means for Bank Digital Asset Custody
The SEC's reversal of Staff Accounting Bulletin 121 in January 2025 removed the punitive balance sheet treatment that had kept major banks out of digital asset custody. BNY Mellon, State Street, and JPMorgan can now compete directly with Coinbase Prime and Anchorage.