PUBLISHER: KBV Research | PRODUCT CODE: 1871379
PUBLISHER: KBV Research | PRODUCT CODE: 1871379
The North America Digital Asset Custody Market would witness market growth of 21.4% CAGR during the forecast period (2025-2032).
The US market dominated the North America Digital Asset Custody Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $939.1 Billion by 2032. The Canada market is experiencing a CAGR of 25% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 23.2% during (2025 - 2032). The US and Canada led the North America Digital Asset Custody Market by Country with a market share of 81.2% and 7.9% in 2024.
The North American digital asset custody market has become an important part of the infrastructure that makes it possible to safely handle cryptocurrencies and tokenized assets. Regulatory clarity, like the OCC's Interpretive Letter 1184, has made it possible for U.S. banks and trust companies to offer regulated crypto-custody services, which has led to more institutions using them. Custodians have moved from simple wallets that are based on exchanges to institutional-grade frameworks that offer cold storage, multi-signature wallets, insurance, and compliance with traditional financial standards. The U.S. is the best place in the world for digital custody innovation and integration because it has a mature financial ecosystem, a strong investor base, and a regulatory environment that is ahead of the curve.
The market is changing because custody services are becoming more institutionalized, regulatory oversight is growing, and services are expanding beyond safekeeping to include tokenization, staking, and integrated asset workflows. Regulatory changes have made the market more trustworthy, and institutional investors now expect bank-level governance, auditability, and operational resilience. Custodians are expanding their services to include tokenized asset management and on-chain settlements, making them full-service infrastructure providers. In North America's quickly growing digital asset custody market, the best companies will be those that follow the rules, offer a lot of technology, and branch out into value-added services.
Type of Custody Outlook
Based on Type of Custody, the market is segmented into Hot Wallet Custody, and Cold Wallet Custody. With a compound annual growth rate (CAGR) of 24.7% over the projection period, the Hot Wallet Custody Market, dominate the Canada Digital Asset Custody Market by Type of Custody in 2024 and would be a prominent market until 2032. The Cold Wallet Custody market is expected to witness a CAGR of 25.9% during (2025 - 2032).
Asset Type Outlook
Based on Asset Type, the market is segmented into Cryptocurrencies, Digital Securities, Tokenized Assets, and Non-Fungible Tokens (NFTs). The Cryptocurrencies market segment dominated the US Digital Asset Custody Market by Asset Type is expected to grow at a CAGR of 20.1 % during the forecast period thereby continuing its dominance until 2032. Also, The Tokenized Assets market is anticipated to grow as a CAGR of 21.2 % during the forecast period during (2025 - 2032).
Country Outlook
The United States is at a crucial point in building its digital-asset custody infrastructure because more and more institutions are investing in cryptocurrencies and tokenized securities. Regulatory changes, like the OCC's May 2025 interpretive letter that lets banks hold crypto assets and the SEC's repeal of SAB 121, have made it easier for banks to get involved. Federal efforts, like the President's Working Group report, stress the need to update the infrastructure, security, and compliance of digital assets. The market is moving toward regulated, bank-grade custody solutions that have strong standards for cybersecurity, asset segregation, and auditability. Along with fintech custodians, traditional banks and trust companies are getting into the game. This is good for competition and new ideas. Custody is now the basis for institutional adoption because investors want solutions that are safe, compliant, and up-to-date with technology. Digital asset custody in the U.S. is becoming a key part of the financial system.
List of Key Companies Profiled
North America Digital Asset Custody Market Report Segmentation
By Type of Custody
By Deployment
By Asset Type
By End-use
By Service Type
By Country