Key Takeaways
- Major financial firms are widening crypto activity across custody, payments, funds, and tokenization.
- Regulated ETP access has become the broadest entry point for institutional crypto exposure.
- Tokenized funds and blockchain settlement tools could expand deeper into traditional finance.
Banks Move Crypto Deeper Into Regulated Finance
Wall Street’s crypto footprint is expanding across the financial system. Asset management firm Bitwise shared data on social media platform X on May 8 showing 24 major financial institutions active in crypto. The chart spans trading, custody, private funds, exchange-traded products, payments, and tokenization across banks, asset managers, exchanges, and payment networks.
Crypto exchange-traded…
