State Street is one of the world’s largest custodial banks. It manages trillions in assets. And it is quietly building a tokenization infrastructure that runs across three distinct blockchain networks. Notably, XRP, XLM and HBAR are in the picture.
Crypto researcher SMQKE (@SMQKEDQG) published documentation connecting State Street to the XRP Ledger, Stellar’s XLM network, and Hedera’s HBAR network.
The documentation comes from two sources. The first is a table detailing tokenized money market fund issuers and their blockchain selections. The second is a BCG analysis slide from October 2021 identifying State Street as a notable partner of Securrency.
Remember:
State Street is directly partnered with Securrency which uses both XRP and XLM.✅
Hedera is also one of the blockchain options for State Street to utilize for its tokenized money market funds.🤝
XRP + XLM + HBAR 🤝 State Street
This is all documented below.📝👇 https://t.co/5YAG3n6Jzb pic.twitter.com/bggAD8vQ3f
— SMQKE (@SMQKEDQG) October 23, 2026
State Street and Securrency
Securrency is a tokenization platform headquartered in Washington, D.C. It raised $49.4 million in funding and operates across Ethereum, Stellar, Ripple, Gochain, and EOS. State Street is listed as one of its notable partners in the BCG analysis.
That partnership is significant. Securrency’s blockchain stack includes both the XRP Ledger and the Stellar network. Notably, Securrency has previously been highlighted as a potential path for XRP into the DTCC. State Street’s relationship with the platform connects the bank directly to both assets’ underlying infrastructure.
Hedera Enters the Picture
The tokenized fund table adds another layer. State Street Global Advisors Europe Limited is listed as the issuer for seven tokenized liquidity funds. Those funds use Archax as the transfer agent and Hedera as their blockchain. The fund domicile is Ireland.
BlackRock Asset Management Ireland Ltd appears in the same table with an identical setup. It also uses Archax and Hedera for six tokenized liquidity funds. Both institutions are running tokenized money market products on HBAR.
This means State Street has exposure to three separate blockchain networks through its tokenization activity: XRP Ledger and Stellar through Securrency, and Hedera through its Irish-domiciled fund structure.
What the Documentation Shows
SMQKE’s post links all three assets to State Street. The documentation supports that claim. State Street is not operating on one blockchain. It is building across multiple networks simultaneously, each serving a different function within its tokenization strategy.
The Archax connection is also worth noting. Archax is a UK-based digital asset exchange and custodian. Its role as transfer agent for both State Street and BlackRock’s Hedera-based funds puts it at the center of institutional tokenized fund infrastructure in Europe.
Institutional Tokenization Accelerates
The data in these documents reflects a broader institutional shift. Major asset managers are not waiting for blockchain infrastructure to mature further. They are selecting networks, assigning custodians, and issuing tokenized products now.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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