State Street, a global custodian bank managing $44.3 trillion in assets, has selected Taurus as its partner to explore the cryptocurrency custody and tokenization market. This partnership marks State Street's proactive response to the easing of regulatory environments in the United States, aiming to provide clients with more comprehensive digital asset services. Donna Milrod, Chief Product Officer and Head of Digital Asset Solutions at State Street, emphasized that the bank's primary focus is on tokenizing traditional assets and expects to unveil its first client case soon. Regarding future plans, Milrod stated that State Street does not stop at tokenization services and will offer digital custody services once U.S. regulations are adjusted. She further explained that State Street prefers to deliver these services through off-balance sheet methods to avoid direct responsibility for risks associated with cryptocurrencies. Lamine Brahimi, Co-Founder and Executive Partner of Swiss-based Taurus, highly praised this collaboration, believing it will bring positive impacts to the U.S. financial markets, particularly considering the current limitations imposed by SAB 121, which puts the U.S. financial markets at a relative disadvantage compared to Europe. He pointed out that the advantages of tokenization services include round-the-clock trading and optimized collateral management capabilities, which will help enhance the efficiency and competitiveness of the U.S. financial markets. This collaboration undoubtedly contributes to the development of the U.S. financial markets, signaling that more financial institutions may follow this trend, jointly promoting the standardization and maturation of the cryptocurrency sector.