State Street Issues $100 Million Digital Debt Through JPMorgan Blockchain

State Street, a major financial institution, has collaborated with JPMorgan to issue $100 million in digital debt securities using their blockchain platform, Kinexys. This marks State Street’s entry into the first-ever third-party custody role on this platform. The move highlights the growing adoption of blockchain technology for commercial transactions in traditional finance (TradFi). This innovative issuance process represents a significant step towards digitization in financial services.