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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Seacor (SMHI) Q2 Revenue Drops 13%
Seacor Marine (NYSE:SMHI) reported Q2 2025 results on July 30, revealing GAAP revenue of $60.8 million, missing expectations by 12.3%, while its GAAP loss per share of $(0.26) was slightly better than anticipated. The company's operating revenue declined by 13.0% year-over-year due to high repair expenses, although ongoing fleet modernization efforts showed some sequential improvements. Want More Context? 🔎
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