PUBLISHER: KBV Research | PRODUCT CODE: 1871380
PUBLISHER: KBV Research | PRODUCT CODE: 1871380
The Asia Pacific Digital Asset Custody Market would witness market growth of 22.7% CAGR during the forecast period (2025-2032).
The China market dominated the Asia Pacific Digital Asset Custody Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $263.1 Billion by 2032. The Japan market is registering a CAGR of 22% during (2025 - 2032). Additionally, The India market would showcase a CAGR of 23.6% during (2025 - 2032). The China and Japan led the Asia Pacific Digital Asset Custody Market by Country with a market share of 36.5% and 22.7% in 2024.The Singapore market is expected to witness a CAGR of 24.5% during throughout the forecast period.
The Asia Pacific digital asset custody market has changed quickly from simple crypto-wallet services to a key part of institutional finance. Banks, trust companies, and fintech custodians are all getting involved in the region because more people are using digital assets, fintech is getting better, and regulations are getting better. Singapore, Hong Kong, Japan, and South Korea are examples of places that have set up their own rules to boost institutional trust and make custody practices more consistent. Custody services now cover more than just keeping cryptocurrencies safe. They also include tokenized real-world assets, settlement, and connecting with traditional financial systems. This change shows that APAC is moving toward full digital-asset lifecycle management, thanks to clearer rules, more institutions getting involved, and the ability to work across borders.
Regulatory maturation, institutionalization, and service-breadth expansion are some of the most important trends in the area. To build trust in institutions, custodians are following AML/CTF rules and getting local licenses. At the same time, banks are starting live custody platforms with strong governance, insurance, and operational resilience. Custodians, blockchain infrastructure providers, and fintech companies are working together to build ecosystems for issuing, settling, and trading. Investing in multi-signature wallets, cold storage, and multi-party computation makes security and scalability even better. In general, the best custody leaders in APAC are those who have a good reputation with regulators, use cutting-edge technology, and work well with other parts of the ecosystem. These companies are most likely to dominate the fast-growing digital-asset custody market.
Type of Custody Outlook
Based on Type of Custody, the market is segmented into Hot Wallet Custody, and Cold Wallet Custody. The Hot Wallet Custody market segment dominated the China Digital Asset Custody Market by Type of Custody is expected to grow at a CAGR of 20.6 % during the forecast period thereby continuing its dominance until 2032. Also, The Cold Wallet Custody market is anticipated to grow as a CAGR of 21.8 % during the forecast period during (2025 - 2032).
Deployment Outlook
Based on Deployment, the market is segmented into Cloud-based, and On-Premise. With a compound annual growth rate (CAGR) of 24.7% over the projection period, the Cloud-based Market, dominate the Singapore Digital Asset Custody Market by Deployment in 2024 and would be a prominent market until 2032. The On-Premise market is expected to witness a CAGR of 24.3% during (2025 - 2032).
Country Outlook
China's strict rules, lack of open-market infrastructure, and focus on state-controlled financial systems all affect the country's digital-asset custody market. Most crypto trading, mining, and exchanges are illegal, so the market is changing to focus on regulated, state-linked custody for projects like the digital yuan (e-CNY) and tokenized real-world assets. Custody services must follow strict laws about data and cybersecurity to make sure that keys, storage, and client information are all kept safe at home. Since speculative crypto activity is not allowed, demand is moving toward enterprise blockchain use cases, yuan-backed stablecoins, and regulated tokenization. There isn't much competition, which is good for domestic banks and state-affiliated custodians that can meet security and compliance standards. China's custody landscape puts regulatory trust, technological resilience, and alignment with national digital finance goals ahead of open crypto-asset custody.
List of Key Companies Profiled
Asia Pacific Digital Asset Custody Market Report Segmentation
By Type of Custody
By Deployment
By Asset Type
By End-use
By Service Type
By Country