Ripple: Digital Assets Are Fueling $100B Custody Boom—Institutions Are Scrambling

The global custody market is booming, projected to exceed $100 billion by 2033, with crypto driving demand for secure, compliant, and scalable custody solutions, Ripple says.

Crypto Custody Is Booming: Ripple Unveils the Blueprint for Custodian Success

Ripple published insights on Feb. 5, 2025, detailing how custodians can address the growing demand for institutional crypto custody. With the market expanding rapidly, Ripple emphasized:

The global custody services market is expected to grow from $41 billion in 2023 to more than $100 billion by 2033. Digital assets are driving this boom, and there is ample opportunity for custody providers across the finance industry to capitalize on this budding technology.

Institutions now seek custodians that offer more than safekeeping—they require secure, compliant, and always-accessible solutions that align with traditional financial services. Ripple’s “Digital Asset Custody: Quick Guide for Custodians” underscores the need for advanced custody, governance, and trading infrastructure to help providers stand out in the market.

As digital transformation advances, tokenization is projected to encompass over 10% of global assets by 2030. Custodians must enable continuous digital asset movement, integrate with multiple blockchains, and support high transaction volumes. Scalability and compliance will be critical as demand grows, requiring institutions to maintain efficient infrastructure while adhering to regulations.

The crypto firm noted:

Digital asset custodians that meet this call to facilitate use cases around custody, governance and trading can differentiate themselves from other providers and carve out their share of this multi-billion dollar market.

Ripple Custody operates in 20 regulatory jurisdictions, providing institutions with a platform for digital asset security and management. It offers customizable security models, governance controls, and integration with liquidity providers. The solution aims to enhance efficiency, reduce operational challenges, and support regulatory compliance.