State Street has partnered with Swiss crypto company Taurus to offer new digital asset services, such as tokenizing real-world assets, to meet the increasing institutional demand for such investments. This partnership allows State Street to hold clients’ crypto assets and assist in creating tokenized assets like funds and securities. With the rise of cryptocurrencies in regulated financial products, institutions are turning to these assets to hedge against inflation and diversify their portfolios.
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Where Will Archer Aviation Stock Be in 3 Years?
Makers of electric vertical takeoff and landing aircraft (eVTOLs) like Archer Aviation (NYSE: ACHR) aim to transform urban transportation by enabling short-haul flights above traffic. With a market cap of $5.83 billion, it presents a potential growth opportunity for new investors; however, a report from short-seller Culper Research raised concerns about the company's transparency, alleging that Archer "systematically misled" investors regarding the development of its Midnight aircraft, citing contradictions in public statements and internal communications....
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