PUBLISHER: KBV Research | PRODUCT CODE: 1871382
PUBLISHER: KBV Research | PRODUCT CODE: 1871382
The Latin America, Middle East and Africa Digital Asset Custody Market would witness market growth of 23.8% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA Digital Asset Custody Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $69.2 Billion by 2032. The Argentina market is showcasing a CAGR of 24.8% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 21.9% during (2025 - 2032). The Brazil and UAE led the LAMEA Digital Asset Custody Market by Country with a market share of 23.8% and 9.3% in 2024. The South Africa market is expected to witness a CAGR of 25.9% during throughout the forecast period.
As Latin America, the Middle East, and Africa (LAMEA) move from traditional financial custody to blockchain-based asset management, the digital-asset custody market is changing quickly. In Latin America, unstable economies and limited access to banks have sped up the use of cryptocurrencies and stablecoins. In the Middle East and Africa, on the other hand, governments are encouraging fintech innovation through licensing frameworks and digital-asset initiatives. This change has pushed custodians to go beyond basic wallet solutions and offer institutional-grade products that meet regulatory requirements, can be audited, and are insured. The market has changed in different ways in different parts of the world, from crypto wallets for consumers to custody infrastructure backed by banks and institutions that supports tokenization and settlement.
Some of the most important trends that are driving this change are the development of regulatory frameworks, the adoption of these technologies by institutions, and the integration of these technologies into existing ecosystems. Regulators in Latin America are working to improve oversight of cryptocurrencies and virtual asset service providers (VASPs). At the same time, regulators in the Middle East and Africa are setting up fintech hubs and licensing models that draw banks and custodians. Across the region, institutional demand is rising because of the need for remittances, inflation protection, and cross-border digital finance. At the same time, custody services are growing to include tokenized real-world assets, stablecoins, and platforms for settling multiple assets. As the market grows, custodians that combine regulatory trust, cutting-edge technology, and ecosystem integration are best placed to take the lead in the LAMEA digital-asset custody space.
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 Brazil Digital Asset Custody Market by Asset Type is expected to grow at a CAGR of 21.5 % during the forecast period thereby continuing its dominance until 2032. Also, The Non-Fungible Tokens (NFTs) market is anticipated to grow as a CAGR of 24.6 % during the forecast period during (2025 - 2032).
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 21.5% over the projection period, the Hot Wallet Custody Market, dominate the UAE 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 22.8% during (2025 - 2032).
Country Outlook
Brazil's digital-asset custody market is expanding rapidly under a clear regulatory framework and rising institutional participation. The Brazilian Virtual Assets Law (Law No. 14.478/2022) empowers the Banco Central do Brasil (BCB) to license and supervise virtual asset service providers, reinforcing legitimacy and compliance in custody services. Strong retail and institutional interest, coupled with debates like Bill 311/2025 on self-custody, reflects an evolving ecosystem. The market is shifting from exchange-based trading toward institutional-grade custody, tokenisation, and administration, driven by regulations mandating asset segregation, capital adequacy, and governance standards. Though less crowded than global hubs, competition is intensifying as local fintechs and banks strengthen infrastructure and global players seek entry through partnerships. With accounting reforms and the growth of tokenised asset services, Brazil is positioning itself as a leading digital-asset custody hub in Latin America.
List of Key Companies Profiled
LAMEA Digital Asset Custody Market Report Segmentation
By Type of Custody
By Deployment
By Asset Type
By End-use
By Service Type
By Country