State Street Bank integrates JPMorgan Chase’s digital debt services to advance blockchain-based debt securities custody

State Street Bank has successfully integrated JPMorgan Chase’s blockchain digital debt services, making it the first third-party custodian to provide these advanced offerings. This integration ensures a secure and efficient process for managing debt securities.

The inaugural transaction involved the purchase of 100 million USD in commercial paper, showcasing the potential of blockchain in the short-term debt market. This initiative signifies a major step towards modernizing the financial landscape.