Today the Basel Committee on Banking Supervision (BCBS) released its latest statistics, including details about banking crypto asset activities for the second half of 2025. While previous reports have shown marked changes between periods, the crypto report for this half was steadier, with reasonable growth in custody and a significant increase in client activities, but not in prudential exposures. The most notable takeaway was big changes in the makeup of prudential exposures, with a shift away from Bitcoin in the Americas, and a shift towards stablecoins in the Rest of World category.

The standout growth was in activities on behalf of clients, with the Americas increasing…