State Street Corporation has announced its successful participation in a $100 million commercial paper transaction through J.P. Morgan's Digital Debt Service. This milestone marks State Street as the first third-party custodian to offer blockchain-based debt securities custody to institutional clients. The transaction involved State Street Investment Management as the anchor investor and demonstrates the firm's capabilities in modernizing short-term debt markets with precision-timed T+0 settlement as an option. By integrating with J.P. Morgan's platform, State Street can now provide clients with seamless access to digital debt instruments while upholding traditional security and regulatory compliance standards. This partnership signifies a transformative step in institutional asset management, highlighting the benefits blockchain technology can bring to the fixed income markets.