Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
State Street Taps Former BNY Mellon Exec to Lead Digital Assets Solutions

State Street Taps Former BNY Mellon Exec to Lead Digital Assets Solutions

CryptoNewsCryptoNews2024/10/01 10:36
By:Sujha Sundararajan

State Street offers crypto fund administration, accounting service, crypto custody, tokenised assets and crypto ETFs.

Last updated:
October 1, 2024 04:39 EDT

US-based financial services giant State Street has announced the appointment of a former Bank of New York Mellon Corp. executive to spearhead its Digital Assets Solutions unit.

Announced Monday , Vanessa Fernandes will lead the execution of State Street’s enterprise strategy for its digital asset services team.

Fernandes served as the Managing Director of BNY Mellon before joining State Street. She was also an executive at Brazil’s largest private bank Itaú Unibanco, where she launched “innovative strategies for tokenized bank products and cryptocurrency custody.”

At State Street, Fernandes will partner with business leaders across product, technology and operations, the announcement read. Fernandes will be based in New Jersey and report to Donna Milrod, chief product officer.

The veteran US bank announced the opening for a leader for its digital assets solutions team in May this year. Over the past four months, the banker has been searching for an “innovative thinker with comprehensive knowledge of digital asset technology and substantial institutional expertise.”

Fernandes assured to help drive the next phase of digital innovation, adding it is a pivotal time for the industry.

“I look forward to collaborating with the talented team at State Street to further integrate digital capabilities into our core offerings and build a stronger, more future-focused foundation for our clients.”

State Street Partnered with Taurus to Provide Digital Asset Services

State Street already provides fund administration and accounting services for crypto investments. In August, it extended its services to include the crypto custody and the facilitation of tokenised assets .

Besides, the bank partnered with Swiss-based crypto firm Taurus to offer tokenisation services. The collaboration positioned the company to assist clients in creating and managing tokenised funds.

Further, State Street’s asset management arm and Galaxy Asset Management recently introduced three new digital asset-focused exchange-traded funds (ETFs). The ETFs aim to offer “active management” of digital asset exposures to capitalise on market inefficiencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All

Discover Polygon (POL) price movement and Ethereum (ETH) price analysis as both eye breakouts, and see why BlockDAG’s CertiK audit, growing presale, and attractive pricing position it among the best crypto for higher returns in 2025.Polygon (POL) Price Movement Signals Breakout Toward $1Ethereum (ETH) Price Analysis: Tight Range Could Spark $3,600 BreakoutBlockDAG’s CertiK Audit Strengthens Its Case as the Best Crypto for Higher ReturnsTo Sum It Up

Coinomedia2025/05/08 04:22
Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All

$298M Crypto Liquidations Rock BTC and ETH Traders

Crypto liquidations hit $298M in 24 hours, with BTC and ETH leading losses. Here's what caused the wipeout.A Rough Day for Crypto TradersWhat Triggered the Liquidations?Caution Ahead for Leverage Users

Coinomedia2025/05/08 04:22
$298M Crypto Liquidations Rock BTC and ETH Traders

Top New Meme Coins to Invest in This Month: Troller Cat Flaunts 7k% ROI as Official Trump and Mog Coin Rise from Slumber

Troller Cat ignites excitement with 69% APY and 7,000% ROI target. TRUMP and MOG bounce back, but is this cat the real jackpot?Troller Cat ($TCAT): Clawing Up the Ladder with Massive ROI PotentialOfficial Trump ($TRUMP): Slow Grind with Political BuzzMog Coin ($MOG): The Cult Favorite Gets a PulseConclusion

Coinomedia2025/05/08 04:22
Top New Meme Coins to Invest in This Month: Troller Cat Flaunts 7k% ROI as Official Trump and Mog Coin Rise from Slumber

SOL Technical Analysis Signals Strength, Cardano’s AI Testnet Launches & BlockDAG’s $0.0019 Offer Ends on May 13

Explore SOL Technical Analysis & details on Cardano's AI Testnet. See why BlockDAG’s $0.0019 entry before May 13 could define the best crypto platform call.SOL Technical Analysis Points to Cautious OptimismCardano’s AI Testnet to Simulate High-Frequency Network ConditionsBlockDAG’s Listings Near: $0.0019 Offer Available Until May 13What Defines the Best Crypto Platform in 2025?

Coinomedia2025/05/08 04:22
SOL Technical Analysis Signals Strength, Cardano’s AI Testnet Launches & BlockDAG’s $0.0019 Offer Ends on May 13