State Street Digital, originally led by the current head of DTCC’s digital asset division, Nadine Chakar, was formed to expand its crypto activities in 2021. One of the first changes was upgrading GlobalLink — used to manage trading operations — to support crypto assets.
The firm is also the fund administrator and transfer agent for several crypto exchange-traded funds, including the VanEck Bitcoin Trust, as well as the issuing and paying agent and administration agent for two new European ETCs.