<p>Boston State Street Financial Corporation, focused on institutional market participants, is ready to provide custodial services in respect of cryptoactive assets, if there is a demand from customers. It is reported by CoinDesk, citing the director of the company for the development of digital products and innovations Jay Biankamano.</p>
<p>According to Biankamano, many customers are already expressing increased interest in cryptocurrencies, but so far none of them consider the company as a place to store this type of assets. Therefore, State Street, according to the head, today sees no need to launch custodial services for digital coins.</p>
<p>Biancamano noted that the financial company is seriously considering the issue of the emergence of such a service and constantly communicates with clients about this issue. But to declare officially on the intensification of activities in the direction of cryptocurrency State Street is not ready.</p>
<p>Also, a company representative added that in the future, State Street will most likely deal with a cryptocurrency market. This is possible in view of the relevance of such processes as tokenization and digitization of fiat assets.</p>
<p>Last month, another representative of the traditional market, Fidelity, launched a cryptoplatform for institutional investors. Fidelity Digital Asset will focus on storage solutions for cryptoactive assets, not their trading. Earlier it became known that the platform will add support for 5-7 of the largest in terms of capitalization of digital assets.</p>
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