CoinWorld news, State Street Global Advisors, in collaboration with State Street, aims to popularize cryptocurrency knowledge among tradFi. Major institutional participants are increasingly focusing on stablecoins. On Tuesday, August 5, State Street, one of the world's largest asset management companies managing $4.67 trillion in assets, partnered with Stablecoin Standard to educate industry participants on cryptocurrency knowledge. This initiative will particularly focus on stablecoins and asset tokenization. "We are excited to provide our expertise to one of the largest traditional financial institutions with global operations. This is an important milestone for us, as our goal has always been to introduce leading crypto-native and tradFi partners to establish robust standards around this emerging asset class," said Christian Walker, co-founder of Stablecoin Standard. The two companies have established a formal partnership to engage in a series of knowledge-sharing activities. The collaboration will kick off with the annual flagship event of Stablecoin Standard in London this October. "We look forward to hosting the annual flagship event of Stablecoin Standards at our Canary Wharf office and welcome the opportunity to facilitate interaction and learning with some leading operators in the field," said Kim Hochfeld, Global Head of Cash and Digital at State Street Global Advisors. This collaboration is in response to the growing interest of traditional financial institutions in stablecoins and tokenization. Specifically, tradFi companies are exploring the use cases of tokenization in money market funds, bonds, and private credit. Recent research by Ripple and the Boston Consulting Group indicates that the market for tokenized real-world assets is expected to grow from $600 billion today to $18.9 trillion by 2033.
