State Street Corporation Pioneers Blockchain-Based Debt Custody with $100M Commercial Paper Transaction via J.P. Morgan's Digital Debt Service

Reuters
Aug 21
State Street Corporation Pioneers Blockchain-Based Debt Custody with $100M Commercial Paper Transaction via J.P. Morgan's Digital Debt Service

State Street Corporation has announced its successful participation in a $100 million commercial paper transaction through J.P. Morgan's Digital Debt Service. This milestone marks State Street as the first third-party custodian to offer blockchain-based debt securities custody to institutional clients. The transaction involved State Street Investment Management as the anchor investor and demonstrates the firm's capabilities in modernizing short-term debt markets with precision-timed T+0 settlement as an option. By integrating with J.P. Morgan's platform, State Street can now provide clients with seamless access to digital debt instruments while upholding traditional security and regulatory compliance standards. This partnership signifies a transformative step in institutional asset management, highlighting the benefits blockchain technology can bring to the fixed income markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. State Street Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250821857834) on August 21, 2025, and is solely responsible for the information contained therein.

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