State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors. Founded in 1792, the company offers investment servicing, investment management, and investment research and trading services.

State Street's core businesses include:

• Investment Servicing: Provides custody, accounting, administration, and other services for institutional investors. As of June 2024, State Street had USD 44.3 trillion in assets under custody and/or administration.

• Investment Management: Offered through State Street Global Advisors (SSGA), which provides investment strategies and products like ETFs. SSGA had USD 4.4 trillion in assets under management as of June 2024.

• Alpha Platform: An integrated front-to-back investment servicing platform that supports the entire investment process for clients.

State Street has been expanding its offerings in alternative investments, cryptocurrencies, and tokenization. Recent initiatives include:

• Launching new alternative investment products like a Global Alternative Beta Fund to replicate hedge fund returns

• Partnering with crypto firms to offer digital asset custody and tokenization services

• Expanding private markets capabilities through the acquisition of Mercatus

• Placing deposits with minority depository institutions and community development financial institutions to support underserved communities

Headquartered in Boston, State Street operates globally in over 100 markets and employs approximately 53,000 people worldwide as of 2024. The company continues to focus on driving growth through technology innovation, expanding its product offerings, and enhancing operational efficiency to serve the evolving needs of institutional investors.