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JPMorgan is actively exploring digital asset custody, and is looking for help from crypto native firms

Quick Take

  • JPMorgan has been engaging with digital asset firms on how it can offer digital asset custody to its clients.
  • The firm would enlist sub-custodians to offer the service, and has reached out to firms, including Fidelity Digital Assets and Paxos.
  • The exploration into custody comes as the firm has rebranded its blockchain division to Onyx.
JPMorgan, which is launching a new business unit focused on digital assets, could also soon dive into the crypto custody market.

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