RWA News: State Street, J.P. Morgan Complete $100M Tokenized Debt Deal

RWA News: State Street, J.P. Morgan Complete $100M Tokenized Debt Deal

State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan’s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian.The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), a Singapore-based banking group, according to a Thursd…

State Street successfully executes first digital debt deal on JPMorgan’s blockchain-based platform

The DDS platform leverages distributed ledger technology (DLT) to enable the issuance, trading, settlement, and servicing of digital bonds on a single blockchain platform. Key Takeaways State Street is the first third-party custodian on JPMorgan's digital debt platform. The collaboration enables institutional clients to access custody for blockchain-based debt securities. State Street Corporation, one of the world’s largest custodians with $49…

State Street Becomes First Third-Party Custodian to Launch on J.P ...

State Street Joins JPMorgan’s Tokenized Debt Platform, Buys $100 Million - FinanceFeeds

State Street has become the first outside custodian to join JPMorgan’s tokenized debt platform, allowing the world’s third-largest asset manager to hold blockchain-based debt securities on behalf of institutional clients. The Boston-based custodian purchased $100 million in tokenized commercial debt issued by Oversea-Chinese Banking Corporation (OCBC) in the platform’s inaugural transaction, the firms said Thursday. OCBC is one of Southeast Asia…

State Street Joins J.P. Morgan’s Blockchain Debt Service With $100M Anchor Deal - Blockonomi

TLDR: State Street became the first third-party custodian on J.P. Morgan’s Digital Debt Service with a $100M commercial paper deal. The launch used OCBC’s $100M commercial paper, settled on-chain through J.P. Morgan’s Kinexys tokenization platform. The service enables T+0 settlement, smart contract lifecycle management, and digital wallet custody for institutional clients. State Street Investment Management acted as the anchor investor, integra…

State Street becomes first custodian on JPMorgan tokenized debt platform

State Street, one of the largest asset managers in the world, has joined JP Morgan's tokenized debt platform as its first third-party custodian.