As one of the world’s premier custodial banks, State Street oversees trillions in assets. It is presently developing tokenized infrastructure spanning three distinct blockchain networks, with XRP, XLM, and HBAR all involved.
Crypto researcher SMQKE (@SMQKEDQG) published records tying State Street to the XRP Ledger, Stellar’s XLM network, and Hedera’s HBAR network.
The paperwork derives from two distinct sources. The first is a reference table mapping tokenized money market fund issuers to their chosen blockchains. The second is an October 2021 BCG analysis slide designating State Street as a key 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
Based in Washington, D.C., tokenization platform Securrency secured $49.4 million in funding and operates on Ethereum, Stellar, Ripple, Gochain, and EOS. The BCG analysis lists State Street among its prominent partners.
This partnership carries significant weight. Securrency incorporates both the XRP Ledger and the Stellar network into its technological stack. Furthermore, Securrency has previously been identified as a potential path for XRP into the DTCC. Through its association with the platform, State Street connects directly to the foundational frameworks of both digital assets.
Hedera Enters the Picture
Additional context emerges from the tokenized fund table. State Street Global Advisors Europe Limited appears as the issuer for seven tokenized liquidity funds, domiciled in Ireland, which utilize Archax as a transfer agent and Hedera as their underlying blockchain.
BlackRock Asset Management Ireland Ltd is listed with an identical configuration, utilizing Archax and Hedera for six tokenized liquidity funds. Both major institutions operate tokenized money market products relying on HBAR.
Consequently, State Street maintains exposure to three separate blockchain networks through its tokenization initiatives: the XRP Ledger and Stellar via Securrency, alongside Hedera through its Ireland-based fund architecture.
What the Documentation Shows
The post by SMQKE links all three assets to State Street, a claim backed by the provided records. Rather than relying on a single blockchain, State Street develops across multiple networks simultaneously, with each supporting specific functions within its broader tokenization framework.
The involvement of Archax is equally notable. Operating as a UK-based digital asset exchange and custodian, Archax acts as transfer agent for the Hedera-based funds of both State Street and BlackRock, positioning itself at the center of institutional tokenized fund infrastructure across Europe.
Institutional Tokenization Accelerates
The data compiled in these files illustrates a broader transformation across traditional finance. Leading asset managers are bypassing waiting periods for further blockchain maturity, actively selecting networks, delegating to custodians, and deploying tokenized products today.
Frequently Asked Questions
What role does State Street play in the blockchain space?
State Street is a major global custodial bank that manages trillions in assets and is building tokenization infrastructure across multiple blockchain networks.
Which blockchain networks are connected to State Street in the documentation?
The documentation links State Street to the XRP Ledger, Stellar (XLM), and Hedera (HBAR) networks.
How does State Street connect to XRP and XLM?
State Street is a notable partner of Securrency, a tokenization platform whose technology stack includes both the XRP Ledger and the Stellar network.
What is Hedera’s role in State Street’s tokenization strategy?
State Street Global Advisors Europe Limited uses Hedera as the blockchain—alongside Archax as a transfer agent—for seven tokenized liquidity funds domiciled in Ireland.
Who else is utilizing a similar setup to State Street for tokenized funds?
BlackRock Asset Management Ireland Ltd appears in the same data tables, using Archax and Hedera for six tokenized liquidity funds.
Explained in this article
Blockchain
A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.
It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.
More about BlockchainCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about Cryptocurrency
Written by
Elara Winter
