State Street Bank Selects Taurus for Crypto Custody and Tokenization
Dao Fu Bank has chosen Taurus to provide digital asset services. The bank has stated that its initial focus is to launch tokenized versions of traditional assets and will soon announce its first client. Donna Milrod, Chief Product Officer and Head of Digital Asset Solutions at Dao Fu Bank, has stated that the bank has been "very clear" in its need to modify SAB 121, which may force banks holding cryptocurrencies to maintain large amounts of capital to compensate for risks. Milrod said, "While we started with tokenization, that's not where we're going to end up. Once US regulations are helpful to us, we will also offer digital custody services. We know how to be custodians. We're not doing it on our balance sheet. We're doing it off our balance sheet. They are not our assets."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Beam Whale Set To Break New Ground As Join Gambling ICO Mpeppe Priced At $0.0021
Is It Too Late To Purchase Toncoin and AI Casino Coin Mpeppe
Beam and Mpeppe Two Cryptocurrencies That Have Provided Bullish Gains, Is Too Late To Purchase?