State Street Corporation has named Vanessa Fernandes, a former BNY Mellon executive, as the new head of Digital Asset Solutions.

State Street announced that it appointed Vanessa Fernandes as head of Digital Asset Solutions, adding a senior executive with more than 25 years of financial services experience to lead the firm’s digital asset work. Fernandes is based in New Jersey and reports to Donna Milrod, State Street’s chief product officer, while focusing on execution of the bank’s enterprise digital asset strategy. The hire follows Fernandes’s prior role as managing director and global head of digital experience at BNY Mellon, where she worked on digital-first product and platform strategy. State Street’s statement and later reporting framed the move as part of its broader push in digital assets, an area where large custodial banks have been building capabilities around tokenization, blockchain-based infrastructure, and related services for institutional clients.

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