State Street Hong Kong plans to increase its digital asset management scale to $5 billion and launch a cryptocurrency investment application with Galaxy

According to Phoenix News, State Street Global Asset Management Hong Kong Limited announced that it will launch the cryptocurrency and traditional investment application "State Street Galaxy" with Galaxy Asset Management, a subsidiary of Galaxy Digital Holdings. It is reported that State Street Hong Kong also stated that it will introduce Galaxy's AI driven asset allocation model to optimize the digital asset allocation in traditional asset portfolios, with the goal of increasing the management scale of digital assets to $5 billion by 2026.