State Street (STT) investor relations material

Strategic focus and innovation

• Emphasis on client-centric product development, leveraging industry trends and future-focused strategies to drive innovation and growth.

• Product innovation is prioritized with a disciplined approach to investment, balancing build vs. buy decisions and commercial purpose.

• Collaboration across business lines and agile partnerships with operations and technology teams support platform modernization and accelerated settlement initiatives.

• Significant increase in innovation over the past three years has reduced time to market and supported new sales growth.

Digital assets and technology roadmap

• Digital assets are a central theme, with a hybrid model integrating digital and traditional finance infrastructure.

• The Digital Asset Platform, launched in January, is scalable, secure, interoperable, and supports both on-chain and traditional operations.

• Tokenization enables fractional ownership, 24/7 activity, and near-instant settlement, with initial focus on tokenized money market funds and plans to expand to ETFs and deposits.

• Co-creation with clients is ongoing, with a robust pipeline for tokenized products and adaptability to regulatory changes across jurisdictions.

• The platform is blockchain-agnostic, open, and interoperable, supporting multiple blockchains and designed to insulate clients from fragmentation.

Competitive differentiation and strategic investments

• Differentiation is driven by scale, robust security, global servicing expertise, and a diverse, sophisticated client base.

• History of industry firsts and democratizing finance, with a proven record of innovation and integration of front-to-back services.

• Strategic investments are guided by long-term growth, client experience, and technology modernization, with $300–$500 million in annual incremental investment.

• Focus on delivering operating leverage and pre-tax margin expansion, with confidence in achieving positive results across scenarios.