Deniz 
Second-oldest bank in the US, State Street, is actively looking for a team leader for its digital assets solutions division.
State Street has a long history—it was founded in 1792—but it entered the cryptocurrency market somewhat recently. Though in the past few years the bank has made investments and teamed with others to expand its digital asset services, laws continue to be a barrier that prevents it from providing crypto custody and trading services directly.
Through a collaboration with interbank trading platform Pure Digital, the bank jumped into the institutional cryptocurrency trading space in 2021. Under this agreement, Pure Digital’s platform was powered by State Street’s foreign exchange technical know-how.
State Street’s Search for a Digital Asset Solutions Leader
The bank made a job announcement on Friday for a Head of Digital Asset Solutions. It is looking for an inventive thinker with in-depth institutional knowledge and thorough understanding of digital asset technologies.
This position answers directly to the chief product officer. They will work closely together with the best teams at State Street in product, technology, worldwide delivery, and sales. They will also interact directly with vendors, partners, and clients. This engagement includes everything from developing new product ideas to providing cutting edge digital asset services.
It is required of the candidate to be conversant with State Street business operations. This covers data services, transfers agency, accounting, and custody. It also demands understanding of technology of the next generation.
Expertise includes distributed ledger technologies, tokenization services, wallet technology, cryptocurrencies, and artificial intelligence. The employment posting also asks for experience in corporate change management and digital transformation.
The selected applicant would be the main driver behind the overall plan of State Street Digital. One can base the job in London or Boston.
State Street and the crypto asset data and software startup Lukka partnered in 2021 to provide its private fund clients with fund administration services for crypto assets.
State Street declared it will employ Lukka’s product line, which includes Lukka Reference Data and Lukka Prime Pricing Data in addition to its middle and back office data management system made especially for blockchain and cryptocurrency assets.