Key Takeaways
- • SNS Insider projects the global digital asset custody market will grow from USD 4.68 billion in 2025 to USD 48.60 billion by 2035, a 26.30% CAGR over 2026-2035.
- • Cold storage held about 52.30% of 2025 market share, while hybrid custody is forecast to grow fastest at a 29.80% CAGR.
- • Institutional investors accounted for about 47.20% of end-use demand in 2025, and hedge funds and asset managers are projected to post the highest end-user CAGR at 27.80%.
- • North America led with roughly 38.60% regional share in 2025, while Asia-Pacific is forecast to grow fastest at a 29.40% CAGR.
- • Tokenized assets and security tokens are the fastest-growing asset segment at a 32.60% CAGR, according to the report.
Summary
According to a GlobeNewswire release dated September 3, 2026 from market research firm SNS Insider, the global digital asset custody market was valued at USD 4.68 billion in 2025 and is expected to reach USD 48.60 billion by 2035, growing at a CAGR of 26.30% from 2026 to 2035. The report attributes the expansion to rising institutional investment in cryptocurrencies, stablecoins and tokenized assets, which is driving demand for custody services that are reliable, insured and regulatory-compliant. Banks, hedge funds, asset managers and institutional investors are using cold storage, multi-party computation and hardware security modules to protect cryptographic keys.
By custody type, cold storage accounted for about 52.30% of 2025 share, as offline, air-gapped key protection reduces online cyber-attack exposure. Hybrid custody is forecast to grow at a 29.80% CAGR as institutions seek offline security combined with liquidity. By provider, cryptocurrency exchanges held about 36.70% share on demand for combined trading and custody, while independent custodians are the fastest-growing provider category at a 28.90% CAGR, as institutions separate custody from trading to mitigate counterparty risk.
Cryptocurrencies represented 58.40% of asset-type share in 2025, supported by institutional exposure through spot ETFs and corporate treasury holdings. Tokenized assets and security tokens, covering bonds, private equity, real estate and other physical assets, are forecast to grow at a 32.60% CAGR. Institutional investors, including pension funds, sovereign wealth funds, insurers and corporate treasuries, comprised 47.20% of 2025 end-use demand, and the report expects hedge funds and asset managers to post a 27.80% CAGR.
Regionally, North America held about 38.60% share in 2025, supported by spot Bitcoin and Ethereum ETF usage, national bank custody permissions and state-level trust charters. The U.S. market was valued at USD 1.58 billion in 2025 and is projected to reach USD 14.36 billion by 2035 (24.50% CAGR). Europe held about 30% share, or roughly USD 1.40 billion, and is forecast to reach about USD 13.08 billion by 2035 at a 25.0% CAGR, driven by phased implementation of the EU's Markets in Crypto-Assets (MiCA) regulation. Asia-Pacific, led by institutional adoption in Singapore, Hong Kong and Japan, is forecast to grow at a 29.40% CAGR.
Key players named in the report include Coinbase Custody Trust Company, BitGo, Fidelity Digital Assets, Anchorage Digital, Gemini Trust Company, Copper, Fireblocks, Ledger, Bakkt, Komainu, Zodia Custody, State Street, BNY Mellon, Northern Trust, Hex Trust, Cactus Custody, Paxos, Taurus, Metaco and Cobo Global. Recent developments cited include Coinbase's expanded institutional custody platform with MPC wallet infrastructure for tokenized real-world assets, Fidelity Digital Assets' expanded qualified custody for spot Ethereum ETF settlement, and Anchorage Digital's staking-integrated custody product launched in 2025. The figures are research-firm projections and are presented as the report's estimates rather than independently verified data.
By custody type, cold storage accounted for about 52.30% of 2025 share, as offline, air-gapped key protection reduces online cyber-attack exposure. Hybrid custody is forecast to grow at a 29.80% CAGR as institutions seek offline security combined with liquidity. By provider, cryptocurrency exchanges held about 36.70% share on demand for combined trading and custody, while independent custodians are the fastest-growing provider category at a 28.90% CAGR, as institutions separate custody from trading to mitigate counterparty risk.
Cryptocurrencies represented 58.40% of asset-type share in 2025, supported by institutional exposure through spot ETFs and corporate treasury holdings. Tokenized assets and security tokens, covering bonds, private equity, real estate and other physical assets, are forecast to grow at a 32.60% CAGR. Institutional investors, including pension funds, sovereign wealth funds, insurers and corporate treasuries, comprised 47.20% of 2025 end-use demand, and the report expects hedge funds and asset managers to post a 27.80% CAGR.
Regionally, North America held about 38.60% share in 2025, supported by spot Bitcoin and Ethereum ETF usage, national bank custody permissions and state-level trust charters. The U.S. market was valued at USD 1.58 billion in 2025 and is projected to reach USD 14.36 billion by 2035 (24.50% CAGR). Europe held about 30% share, or roughly USD 1.40 billion, and is forecast to reach about USD 13.08 billion by 2035 at a 25.0% CAGR, driven by phased implementation of the EU's Markets in Crypto-Assets (MiCA) regulation. Asia-Pacific, led by institutional adoption in Singapore, Hong Kong and Japan, is forecast to grow at a 29.40% CAGR.
Key players named in the report include Coinbase Custody Trust Company, BitGo, Fidelity Digital Assets, Anchorage Digital, Gemini Trust Company, Copper, Fireblocks, Ledger, Bakkt, Komainu, Zodia Custody, State Street, BNY Mellon, Northern Trust, Hex Trust, Cactus Custody, Paxos, Taurus, Metaco and Cobo Global. Recent developments cited include Coinbase's expanded institutional custody platform with MPC wallet infrastructure for tokenized real-world assets, Fidelity Digital Assets' expanded qualified custody for spot Ethereum ETF settlement, and Anchorage Digital's staking-integrated custody product launched in 2025. The figures are research-firm projections and are presented as the report's estimates rather than independently verified data.
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