JPMorgan’s Tokenized Debt Platform Attracts State Street, Marks Growth in Institutional Adoption

State Street has joined JPMorgan’s Kinexys blockchain-based debt platform as its first external custodian. This milestone signifies growing institutional trust in tokenized real-world assets, with the firm purchasing $100 million in digital commercial debt from OCBC for a platform debut transaction. The move coincides with rising adoption of these tokens and reflects the financial industry’s shift towards regulated digital finance.