PUBLISHER: The Business Research Company | PRODUCT CODE: 1822811
PUBLISHER: The Business Research Company | PRODUCT CODE: 1822811
A cryptocurrency custody tool is a secure digital solution designed to store, manage, and protect large volumes of cryptocurrencies for institutional or individual investors. It safeguards digital assets against unauthorized access, theft, or loss while ensuring adherence to regulatory requirements.
The primary types of custody solutions in cryptocurrency custody tools include hot wallets, cold wallets, hardware wallets, and multi-signature wallets. Hot wallets are cryptocurrency wallets connected to the internet, enabling users to store, send, and receive digital assets quickly and conveniently. These tools can be deployed through cloud-based or on-premises models and integrate advanced technologies such as blockchain, artificial intelligence for security, application programming interface integration for trading platforms, and regulatory compliance solutions. They are widely used by institutional investors, retail investors, cryptocurrency exchanges, and others, catering to end users in sectors such as banking, financial services and insurance, information technology and telecommunications, government, and more.
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 rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.
The cryptocurrency custody tool market research report is one of a series of new reports from The Business Research Company that provides cryptocurrency custody tool market statistics, including the cryptocurrency custody tool industry global market size, regional shares, competitors with the cryptocurrency custody tool market share, detailed cryptocurrency custody tool market segments, market trends, and opportunities, and any further data you may need to thrive in the cryptocurrency custody tool industry. This cryptocurrency custody tool market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cryptocurrency custody tool market size has grown exponentially in recent years. It will grow from $1.76 billion in 2024 to $2.17 billion in 2025 at a compound annual growth rate (CAGR) of 23.0%. The historic period's growth can be attributed to the adoption of bitcoin and other cryptocurrencies, the rise in crypto exchange hacks, the expansion of crypto hedge funds and asset managers, the increasing value of digital assets, the growing demand for third-party custodians, and the advancement of blockchain infrastructure.
The cryptocurrency custody tool market size is expected to see exponential growth in the next few years. It will grow to $4.90 billion in 2029 at a compound annual growth rate (CAGR) of 22.6%. The forecast period's growth can be attributed to the increasing institutional adoption of cryptocurrencies, heightened concerns over digital asset security, the surge in crypto trading volumes, the rising popularity of tokenized assets, the increase in cyber threats and hacking incidents, and the growing demand for insured and compliant custody solutions. Key trends in the forecast period include advancements in quantum-resistant cryptography, the development of cross-chain custody solutions, innovations in decentralized custody models, the expansion of insured custody offerings, and the growth of institutional-grade staking services.
The rising adoption of digital currencies is expected to drive the growth of the cryptocurrency custody tool market in the coming years. Digital currencies are virtual forms of money used for online transactions, existing entirely in digital form without any physical equivalent, such as coins or notes. Their adoption is increasing due to the growing demand for fast, secure, and contactless payment methods, as consumers seek greater convenience and reduced dependence on physical cash. Cryptocurrency custody tools support the digital currency ecosystem by offering secure storage solutions, making them suitable for both institutional and retail investors. These tools minimize the risk of asset loss through advanced security features, thereby enhancing trust and compliance in digital asset management. For example, in July 2025, according to the Atlantic Council of the United States, a US-based think tank, India's digital rupee (e-rupee) in circulation surged to ₹10.16 billion ($122 million) by March 2025, marking a 334% rise from ₹2.34 billion ($28 million) in 2024. Consequently, the growing adoption of digital currencies is fueling the expansion of the cryptocurrency custody tool market.
Major companies in the cryptocurrency custody tool market are focusing on developing advanced solutions, such as institutional-grade custody services, to improve security, ensure regulatory compliance, and streamline digital asset management for enterprises. Institutional-grade custody solutions are secure storage systems that protect cryptocurrencies and other digital assets through multi-layered security protocols, including cold storage, multi-signature authentication, and insurance coverage. For instance, in December 2024, CoinDCX, an India-based cryptocurrency exchange, launched Bharat Custody, a comprehensive custody solution designed for institutional investors and high-net-worth individuals. It provides bank-level security, compliance with Indian regulations, and smooth integration with Web3 applications. Features include real-time monitoring, automated risk assessment, and offline cold storage to safeguard assets from cyber threats while ensuring authorized accessibility. Bharat Custody aims to bridge the gap between traditional finance and digital assets by offering insured, auditable storage with integration for decentralized finance (DeFi) and staking services.
In June 2025, Stripe Inc., an Ireland-based financial services company, acquired Privy for an undisclosed amount. This acquisition is intended to strengthen Stripe's Web3 capabilities by incorporating Privy's secure wallet infrastructure, enabling developers to integrate embedded, non-custodial crypto wallets directly into their applications while maintaining regulatory compliance and user privacy. Privy is a US-based crypto infrastructure company that provides non-custodial cryptocurrency custody tools.
Major players in the cryptocurrency custody tool market are Coinbase Inc., CoinDCX, Gemini Trust Company LLC, Paxos Trust Company LLC, Copper Technologies (UK) Ltd, Fireblocks Inc., Ledger SAS, Sygnum Bank AG, Bakkt Holdings Inc., Bitcoin Suisse AG, Cobo Technologies Ltd., Anchorage Digital, SatoshiLabs s.r.o., Boerse Stuttgart Group, Hex Trust Limited, Zodia Custody Limited, Finoa GmbH, Tangany GmbH, Komainu Holdings Limited, and Archax Ltd.
North America was the largest region in the cryptocurrency custody tool market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in cryptocurrency custody tool report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the cryptocurrency custody tool market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cryptocurrency custody tool market consists of revenues earned by entities by providing services such as secure storage, private key management, transaction authorization, and regulatory compliance. The market value includes the value of related goods sold by the service provider or included within the service offering, such as hardware wallets, multi-signature solutions, and institutional-grade custody platforms. The cryptocurrency custody tool market also includes sales of secure offline wallets, encrypted USB devices, air-gapped signing modules, tamper-resistant smart cards, biometric-enabled vault keys, and multi-signature hardware authenticators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
Cryptocurrency Custody Tool 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 cryptocurrency custody tool 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 cryptocurrency custody tool ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The cryptocurrency custody tool 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 technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.