World’s largest banks will custody crypto in 2025 says this $12tn prediction – DL News
- BNY Mellon, State Street, JPMorgan Chase, and Citi will offer custody next year, said Galaxy Research.
- A friendly regulatory environment will offer the banks a pathway to custody.
- The four banks hold more than $12 trillion in AUM.
Analysts forecast the four largest banks in the world will start offering crypto custody in 2025.
According to Galaxy Research, the Office of the Comptroller of the Currency (OCC) will create a pathway leading to the world’s top four custody banks to offer digital asset services.
These are BNY Mellon, State Street, JPMorgan Chase, and Citi. Collectively, they hold more than $12 trillion in assets under management.
It would signal a near-complete acceptance of the cryptocurrency industry as a legitimate asset for…
