State Street Corp., one of the asset management groups with $42.6 trillion worth of assets under management has announced it would start offering crypto reporting, reconciliation, and processing services to its private-fund clients. The asset manager has partnered with Lukka Inc., a crypto software service provider for its fund administration services who would also offer data for valuation services to the private fund clients.
The crypto fund offering by State Street reaffirms the growing demand for crypto assets among wealthy institutional clients.
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