Vanguard and State Street partner with financial market infrastructure provider Symbiont to bring smart contracts to Wall Street
The buy allows the company to publicly launch a crypto prime-brokerage offering
Partnership comes in response to increased crypto interest among traditional asset managers, alternatives managers
BNY Mellon joins State Street to help build front-to-back office solution for transacting digital assets
Signals of further institutional adoption could have triggered crypto’s early morning rally. BNY Mellon joined State Street and four other banks in offering custody support to crypto trading platform, Pure Digital.
America’s second-oldest bank looks to cement spot in future.