State Street to launch tokenized fund servicing from Luxembourg
State Street announced on 28 April 2026 that it would launch tokenized fund servicing from Luxembourg, initially for tokenized money market fund issuers, later in 2026.
Custodian
State Street Corporation
Boston custodian and asset manager with $51.7tn under custody or administration, whose Stablecoin Reserves Money Market Fund, launched on 16 June 2026, is a Rule 2a-7 government fund designed to qualify as stablecoin reserve under the GENIUS Act.
The profile
Boston custodian and asset manager tracing its charter to Union Bank, chartered in Massachusetts in 1792, with $51.7tn under custody or administration and $5.4tn under management as of 30 September 2025. On 15 January 2026 it launched a Digital Asset Platform providing wallet management, custody and cash capability across private and public permissioned networks, built to service tokenised money market funds, ETFs, tokenised deposits and stablecoins. On 16 June 2026 its investment management arm launched the State Street Stablecoin Reserves Money Market Fund, a Rule 2a-7 government fund designed to qualify as stablecoin reserve under the GENIUS Act, with State Street Bank and Trust and Anchorage Digital among initial investors, an attempt to make the reserve leg of stablecoin issuance a registered fund rather than a bilateral deposit or repo book.
Products and services
- State Street Digital Asset Platform
- Custody, wallet and cash infrastructure on private and public permissioned chains for tokenised funds, deposits and stablecoins.
- State Street Stablecoin Reserves Money Market Fund
- Rule 2a-7 government money market fund holding Treasuries and repo, structured for use as GENIUS Act stablecoin reserve.
Coverage
Developments in which State Street Corporation is a named party, newest first.