Deep Tide TechFlow News, on August 22, State Street Corporation (NYSE: STT) today announced that it has become the first third-party custodian connected to J.P. Morgan's digital debt services, marking an important milestone in institutional adoption of blockchain debt securities. Through this strategic collaboration, State Street can now offer clients custody services for debt securities issued, settled, and managed based on blockchain technology.

The first transaction is a $100 million commercial paper transaction in which State Street's investment management division participated, demonstrating the platform's capability to support precise timing of settlements, including T+0 instant settlement options. This service is currently available only in the United States.