PUBLISHER: The Business Research Company | PRODUCT CODE: 1750956
PUBLISHER: The Business Research Company | PRODUCT CODE: 1750956
A crypto custody provider is a specialized financial service entity that offers secure storage, management, and protection of digital assets for individuals, institutions, and enterprises. This is achieved through advanced security measures such as encryption, multi-signature authentication, cold storage solutions, and adherence to regulatory compliance frameworks to protect assets from cyber threats, unauthorized access, and operational risks, while ensuring seamless accessibility and transaction management.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main types of crypto custody providers are self-custody and third-party custody. Self-custody refers to a method where individuals or organizations independently manage and store their cryptocurrencies without relying on external service providers. The various functions of crypto custody providers include asset storage, brokerage, investment agency, and security token management, with use cases such as collateralized loans, corporate treasury management, crypto staking, investment funds, and retail offerings. These services are utilized by various end users, including corporate entities, crypto exchanges, government and regulatory bodies, institutional investors, and retail investors.
The crypto custody provider market research report is one of a series of new reports from The Business Research Company that provides crypto custody provider market statistics, including crypto custody provider industry global market size, regional shares, competitors with a crypto custody provider market share, detailed crypto custody provider market segments, market trends and opportunities, and any further data you may need to thrive in the crypto custody provider industry. This crypto custody provider market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The crypto custody provider market size has grown exponentially in recent years. It will grow from$1.25 billion in 2024 to $2.11 billion in 2025 at a compound annual growth rate (CAGR) of 68.2%. The growth during the historic period can be attributed to regulatory uncertainty, institutional reluctance, the absence of secure infrastructure, early adoption by crypto exchanges, and limited insurance coverage.
The crypto custody provider market size is expected to see exponential growth in the next few years. It will grow to$16.72 billion in 2029 at a compound annual growth rate (CAGR) of 67.9%. The growth during the forecast period can be attributed to the increasing institutional adoption, improved regulatory frameworks, rising cyber threats, the expansion of decentralized finance (DeFi), and the growing demand for insured custody solutions. Key trends in the forecast period include advancements in blockchain security, the integration of AI in risk management, the development of multi-party computation (MPC) solutions, the increasing tokenization of assets, and heightened investment in custody technology.
The increasing frequency of cyberattacks is expected to drive the growth of the crypto custody provider market. Cybercrime refers to illegal activities that involve computers, networks, or digital systems to carry out offenses such as hacking, fraud, data theft, or online harassment. The rise in cybercrimes can be attributed to the growing reliance on digital platforms for work, banking, communication, and data storage, which offer more entry points and valuable targets for cybercriminals. Crypto custody providers play a critical role in protecting digital assets, ensuring regulatory compliance, and building investor trust, thereby enabling businesses to operate securely and scale in the rapidly evolving digital economy. For example, in October 2024, Check Point, an Israel-based software company, reported that the average number of cyberattacks per organization had reached 1,876 per week in Q3 2024, a 75% increase from the same period in 2023 and a 15% rise compared to the previous quarter. This surge in cyberattacks is fueling the growth of the crypto custody provider market.
To address the growing demand for secure asset management, major companies in the crypto custody provider market are focusing on integrating traditional and digital assets through unified custody platforms. These platforms offer institutional clients secure, compliant solutions to manage both types of assets within a single, integrated infrastructure. Unified custody platforms are designed to enable financial institutions to securely store, manage, and access both traditional and digital assets through one streamlined system. For instance, in October 2022, Bank of New York Mellon Corporation, a US-based financial services company, launched its Digital Asset Custody platform in the U.S., allowing select institutional clients to securely hold and transfer Bitcoin and Ethereum. This initiative marks a significant step in bridging the gap between traditional and digital asset custody, reflecting the growing institutional demand for secure, compliant crypto storage solutions.
In May 2023, Ripple Labs Inc., a US-based software company, expanded its crypto custody services by acquiring Metaco SA for an undisclosed amount. With this acquisition, Ripple aims to strengthen its position in the institutional digital asset space by integrating Metaco's advanced crypto custody solutions, which offer secure, compliant, and scalable storage and management of digital assets. Metaco SA, based in Switzerland, is an institutional-grade crypto custody provider known for delivering secure and compliant digital asset storage solutions to financial institutions.
Major players in the crypto custody provider market are International Business Machines Corporation, Tata Consultancy Services Limited, Fidelity Digital Asset Services LLC, Deutsche Borse AG, Circle Internet Financial Limited, Cactus Custody, Gemini Trust Company LLC, Copper Technologies Ltd., Fireblocks Ltd., Bakkt Holdings Inc., Bitcoin Suisse AG, Cobo Services Limited, Etana Custody Inc., Anchorage Digital Bank National Association, Hex Trust Limited, Zerocap Pty Ltd., Komainu Holdings Limited, Tangany GmbH, BCB Group Holdings Limited, Coinbase Custody International Ltd.
North America was the largest region in the crypto custody provider market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in crypto custody provider report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the crypto custody provider market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The crypto custody provider market includes revenues earned by entities by providing secure storage and management, private key management, and tokenization. This market serves institutional investors, cryptocurrency exchanges, and high-net-worth individuals. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Crypto Custody Provider Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on crypto custody provider market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for crypto custody provider ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The crypto custody provider market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.