Leading American financial services provider State Street is teaming up with Swiss crypto company Taurus to roll out new digital asset services. The collaboration aims to cater to the rising demand among institutional investors for opportunities in the digital asset space, including the ability to transform physical assets into tradeable digital tokens.

Institutional interest in cryptocurrencies has increased as they become more prevalent in the financial system, especially through regulated products such as exchange-traded funds (ETFs) and futures. With these new asset classes, many of these investors are trying to find strategies to diversify their…

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