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State Street Partners With Copper in Push for Crypto Custody

  • Rollout will be ready by year-end pending regulatory approval
  • Platform will enable the firm to hold various digital assets
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State Street Corp. is partnering with London-based Copper.co to offer custodial services on cryptocurrencies for institutional customers. 

The Boston-based bank expects to have the infrastructure enabling digital wallet safekeeping services available to its institutional clients by the end this year -- just one part of the firm’s expansion into crypto that included launching a dedicated digital division in June.