State Street Bank

According to reports, State Street Bank said it had ended its partnership with Copper, a cryptocurrency custodian company. A spokesman for State Street Bank said in an email that the two banks had jointly decided to terminate the license agreement. State Street Bank will continue to work on “providing multiple solutions for token based securities and native tokens”, adding that “the regulatory environment for digital assets has been evolving, and the requirements for providing services for this asset class are also changing.” Earlier on Thursday, Copper announced that it will close its enterprise infrastructure business and will focus on its Clear Loop custody and settlement business in the future. State Street Bank has terminated its partnership with Copper, a crypto custody company Analysis based on this information:State Street Bank announced that it has terminated its license agreement with cryptocurrency custodian company, Copper. According to a spokesperson for the bank, the decision was made jointly with Copper. This move came as…