• bitcoin

    Bitcoin (BTC)

    $ 5,596.00 4.20%
  • ethereum

    Ethereum (ETH)

    $ 173.59 1.35%
  • ripple

    XRP (XRP)

    $ 0.323534 0.11%
  • stellar

    Stellar (XLM)

    $ 0.112142 1.53%
  • eos

    EOS (EOS)

    $ 5.26 0.27%

Maps

Mapping out crypto custody solutions

Quick Take

  • There are three main branches of crypto custody: exchange custody, self-custody, third-party custody
  • Custody is important to the growth of the ecosystem as it can promote adoption and investment of crypto assets
  • In Q2 2018, four of the largest custody banks held $114T worth of traditional assets under custody and administration

Traditional financial institutions do a tremendous amount of business as “custodians,” holding customers’ assets to protect them against theft or lost. In the second quarter of 2018, four of the largest custody banks held a whopping $114 trillion worth of assets under custody and administration. Custodial solutions are important for financial markets: Instead of firms spending time and resources to manage assets, they pay someone to take on that role — leaving more time for firms to operate in their areas of expertise.