State Street expands tokenization push as banks rush to bring cash and funds onchain: Bloomberg

TL;DR:

Tokenized deposits and fund shares are emerging as a regulated alternative to stablecoins within the banking system.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.