State Street Corporation will deliver a tokenised fund servicing capability from Luxembourg by the end of 2026 through State Street Investment Services.
The capability will support digitally native fund structures alongside traditional funds within a single institutional operating model, as part of an expansion to the firm’s existing fund administration, custody and transfer agency services.
State Street Investment Management is expected to be an early adopter of the service.
The capability will be delivered through State Street’s recently announced Digital Asset Platform (DAP), allowing it to support the full lifecycle of tokenised fund issuance, administration and custody.
Luxembourg was selected as the initial delivery location due to its established global funds ecosystem and legal frameworks that support digitally native fund structures.
“This announcement reflects our progress in building infrastructure that enables digital and traditional assets to operate together within a unified institutional framework,” said Angus Fletcher, global head of digital asset solutions at State Street Corporation. “Investment Services is focused on delivering a production-ready servicing capability, with State Street Investment Management’s planned use of the service providing early validation of how tokenisation can be applied within existing fund operating models.”
Kim Hochfeld, global head of cash and digital assets at State Street Investment Management, added: “As both an asset manager and a client of State Street Investment Services, we are well positioned to engage on how tokenisation fits alongside traditional fund structures.
“Being an early adopter of tokenisation allows us to upgrade our operating model and deliver an innovative client experience while preserving the investment discipline, risk controls, and investor protections that are fundamental to State Street Investment Management.”
Delivery of the capability remains subject to applicable regulatory approvals and operational readiness milestones.
