State Street, one of the ”Big Four” US asset managers, is promoting the issuance of its own stablecoin

State Street, a major traditional financial company and one of the top four asset management companies in the United States, plans to use blockchain technology for payment settlement.
"CryptoPotato" is State Street's proprietary stablecoin and tokenized deposit issuance that integrates blockchain to improve payment settlement.
In addition to its stablecoin development efforts, the company is also participating in the development of the Digital Cash Consortium, a fintech company in which it has invested, Fnal.
The company is exploring payment options through Fnality International.
International is focused on blockchain-based payment solutions.
This is at the heart of State Street's strategy to simplify payments around the world. The company is ramping up its digital asset efforts, integrating dedicated teams across its business operations and
Through this, they have aligned traditional finance with digital assets. State Street is expanding its activities in the blockchain industry. It is currently investing in a Bitcoin Cash Exchange-Traded Index Fund (ETF).
We provide fund administration and accounting services to Galaxy Asset Management.
Management) to develop a digital asset ETF.