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Institutional crypto custody: 2024 overview
A comprehensive review of institutional custody solutions and their evolution in 2024.
2026.01.10
11 min min read
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The institutional crypto custody market underwent significant transformations in 2024. This overview analyzes the main trends and players.
Key Players
Traditional Custodians
- BNY Mellon: first custodian bank to offer crypto services
- State Street: partnership with Copper for digital custody
- Fidelity Digital Assets: leader in institutional volume
Crypto-Native Custodians
- Coinbase Custody: largest custodian by AUM
- BitGo: focus on multi-sig security
- Fireblocks: MPC infrastructure
2024 Trends
- Integration with institutional DeFi
- Institutional staking support
- Digital asset insurance
- Automated compliance
2025 Outlook
The approval of spot Bitcoin ETFs in the US accelerated demand for qualified institutional custody, creating opportunities for new entrants.