According to ChainCatcher and Phoenix News, State Street Global Asset Management Hong Kong Limited announced that it will launch a crypto and traditional investment application called "State Street Galaxy" in partnership with Galaxy Digital Holdings' subsidiary Galaxy Asset Management.
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 digital asset-related management scale to $5 billion by 2026.