State Street Executive Leaves to Build Crypto Startup for Institutions

Hu Liang, former director at State Street Bank and Trust’s Emerging Technologies Center, tells CoinDesk he is building “the first large-scale institutional infrastructure specifically targeted towards crypto assets”; the company will be an infrastructure platform to provide software and hardware to connect with institutional order and execution management systems; he is looking to eliminate large buyers of cryptocurrencies having to create on the fly technology solutions to make their orders; Liang tells CoinDesk, “I am building a traditional financial services application that can serve the needs of anybody looking to be involved in crypto assets, whether that’s holding it for the long term, whether that’s trading it for the short term, whether that’s transforming it or using it for a rail for something else.” Source

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