State Street launched its first digital debt securities with JPMorgan’s Digital Debt Service, conducting a $100 million commercial paper transaction. The debt securities are issued, settled, and serviced using blockchain technology, offering streamlined market access. State Street’s investment demonstrated technology benefits for clients, advancing blockchain usage in fixed income markets. JPMorgan’s platform allows for T+0 settlement and smart contracts automate payments, redemptions, and corporate actions. The digital debt launch showcases State Street’s integrated blockchain solution and digital strategy, providing opportunities for efficiency improvements in capital markets. State Street’s move towards digital asset integration includes plans for crypto custody services for institutional investors in the future.

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