Galaxy Asset Management and State Street Global Advisors Collaborate to Bring Next Generation Digital Asset Strategies to Investors

Galaxy Asset Management and State Street Global Advisors have joined forces to revolutionize the digital asset investment landscape. In a groundbreaking collaboration, these two industry giants are set to offer investors a comprehensive range of digital asset-based strategies that go beyond just cryptocurrencies like Bitcoin.

The partnership aims to provide investors with exposure to companies operating in the digital asset space, tapping into the $2.4 trillion digital asset ecosystem through innovative manager-directed strategies. This move comes at a time when interest in digital assets is at an all-time high, with investors looking for diversified investment options beyond traditional cryptocurrencies.

Anna Paglia, Chief Business Officer at State Street Global Advisors, emphasized the importance of understanding the broader digital assets landscape and its correlation with financial markets. She expressed excitement about educating investors on the role digital assets can play in a diversified portfolio and enabling them to participate in the next wave of growth and innovation in the digital asset ecosystem.

Steve Kurz, Global Head of Asset Management at Galaxy, highlighted the expertise and experience that both companies bring to the table. By leveraging their combined strengths, they aim to make digital assets more accessible to a wider range of investors through the creation of new ETFs offering exposure to digital assets.

State Street Bank and Trust are expected to provide administrative and accounting services for the new digital assets ETFs developed as part of this collaboration, further solidifying their commitment to staying at the forefront of financial services innovation.

With Galaxy Asset Management and State Street Global Advisors leading the way, investors can look forward to a new era of digital asset investing that offers unparalleled opportunities for growth and diversification. Stay tuned for more updates on this exciting development in the world of asset management.