State Street to reengineer traditional assets with blockchain, not bitcoin

State Street, a $36 billion bank, is aiming to change legacy finance by using blockchain technology, CEO Ronald O’Hanley said.

O’Hanley said the transformation isn’t about bitcoin, but about reengineering traditional assets for faster, modern rails.

The remarks frame the effort as an infrastructure upgrade rather than a cryptocurrency play; the source material does not provide further details on specific projects, timelines or implementation.

Key Topics

Business, State Street, Ronald O'hanley, Blockchain, Bitcoin, Traditional Assets