STT

State Street reports that institutional clients are demanding improved blockchain security measures following a series of recent DeFi attacks. The findings highlight growing institutional concern over security vulnerabilities in decentralized finance infrastructure. No specific financial figures, product launches, or policy changes were announced.

State Street and Galaxy Digital have jointly launched a tokenized fund aimed at bringing cash management products onto blockchain infrastructure. The product represents an expansion of both firms into the real-world asset (RWA) tokenization space, targeting institutional cash management use cases. No financial terms of the partnership were disclosed in the announcement.