State Street Invests $100 Million in On-Chain Debt Deal, Revolutionizing Institutional Markets

State Street Investment Management has made a significant step towards mainstream blockchain adoption with the completion of a groundbreaking $100 million debt deal on the blockchain. The investment marks a pivotal moment for institutional debt markets as they embrace the potential of blockchain technology. This pioneering transaction saw securities issued, settled, and serviced entirely on-chain, enabling features such as automated payments, redemptions, and corporate actions powered by smart contracts.