PANews reported on January 19 that according to Bloomberg, people familiar with the matter revealed that State Street Bank reorganized its digital asset division State Street Digital. Some positions were eliminated and most employees were transferred to the bank's traditional asset services and technology operations departments. It is not clear how many positions are affected. State Street Bank established State Street Digital in early June 2021, focusing on cryptocurrencies, central bank digital currencies, blockchain, DeFi and other fields. As of the end of 2023, State Street Digital has about 100 full-time employees, and its crypto custody services are still awaiting regulatory approval.
