ME News, January 15 (UTC+8): State Street is launching a series of tokenized products. The bank will develop tokenized money market funds, exchange-traded funds (ETFs), and cash products such as tokenized deposits and stablecoins. Joerg Ambrosius, President of State Street's Investment Services, said the launch of the digital asset platform is a 'significant step' in State Street's strategy. State Street currently oversees $5.17 trillion in assets, has previously provided management and accounting services for crypto ETFs, and in December last year partnered with Galaxy Digital to create a tokenized fund. The bank will consider offering custody services in the future, depending on regulatory developments. (Source: ME)