State Street Seeks Leader for Digital Assets Team
State Street, one of the oldest banks in the US, is actively looking for a new leader to head its digital assets solutions team. Despite its long history dating back to 1792, the bank has only recently entered the crypto space. While State Street has been investing and forming partnerships to develop its digital asset services over the past few years, regulatory challenges have hindered its ability to directly offer crypto custody and trading services.
Requirements for Head of Digital Asset Solutions
The newly created position of Head of Digital Asset Solutions at State Street demands an individual with a forward-thinking mindset and in-depth knowledge of digital asset technology, coupled with significant institutional experience. This role will report directly to the chief product officer and will collaborate extensively with various teams across the bank, including product, technology, global delivery, and sales.
- Comprehensive knowledge of digital asset technology
- Substantial institutional expertise
- Collaboration with State Street’s top teams
- Engagement with clients, partners, and vendors
- Familiarity with the bank’s business operations
- Understanding of next-generation technologies
- Expertise in distributed ledger technologies, tokenization services, wallet technology, cryptocurrencies, and AI
- Background in digital transformation and business change management
Role in Shaping State Street Digital’s Strategy
The selected candidate for this position will play a pivotal role in driving State Street Digital’s overall strategy. This leadership role can be based in either Boston or London, offering the opportunity to shape the bank’s approach to digital assets on a global scale.
Utilizing Lukka’s Technology for Crypto Fund Management
State Street has partnered with Lukka, a crypto asset data and software company, to provide fund administration services for crypto assets to its private fund clients. By leveraging Lukka’s suite of products, State Street aims to enhance its middle and back-office data management solutions tailored specifically for blockchain and crypto assets.
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Hot Take: State Street’s Pursuit of Digital Transformation
State Street is actively seeking a leader for its digital assets solutions team to drive innovation and navigate the challenges of the evolving crypto landscape. By partnering with companies like Lukka and Pure Digital, the bank is positioning itself to offer cutting-edge digital asset services to its clients. As State Street continues to explore opportunities in the crypto space, its new leader will play a crucial role in shaping the future of digital asset management within the traditional banking sector.
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