TechFlow news, on October 9, according to CoinDesk, Donna Milrod, Chief Product Officer at U.S. asset management and banking giant State Street, revealed in an interview with Financial News that the company is working on tokenizing bonds and money market funds, a project expected to continue into next year. Milrod said these initiatives aim to create tokenized collateral, allowing traders to use their holdings as margin without having to liquidate them. She emphasized that tokenized collateral could help avoid the "liability-driven" crisis seen in 2022. Milrod also noted that State Street currently has no plans to issue stablecoins or tokenized deposits.
Previous report, the company has selected Swiss firm Taurus as its tokenization partner and stated it will offer digital asset custody services once the U.S. regulatory environment improves.
