According to a new report, published by KBV research, The Global Digital Asset Custody Market size is expected to reach USD 3.24 Trillion by 2032, rising at a market growth of 22.0% CAGR during the forecast period.
The concept of custody has long been fundamental in financial markets, referring to the safekeeping, servicing and control of assets on behalf of investors. In recent years, the rapidly growing universe of digital assets — including native cryptocurrencies, stablecoins and tokenised real-world assets — has given rise to the modern market for digital asset custody.
The Hot Wallet Custody segment is leading the Global Digital Asset Custody Market by Type of Custody in 2024, growing at a CAGR of 21.7 % during the forecast period. The hot-wallet custody category experienced very strong uptake, reflecting how market participants placed significant emphasis on accessibility, real-time trading and liquidity. Because hot wallets maintain connectivity to the internet, they enabled quicker transactions, integrations with exchanges and platforms, and facilitated decentralized-finance use-cases. At the same time, regulatory-policy documents from government agencies noted the importance of robust operational controls for such systems, stressing that custodians with live-connected wallets must maintain advanced security protocols, rapid incident-response capabilities and clear asset-segregation practices.
The Cloud-based segment dominated the Global Digital Asset Custody Market by Deployment in 2024; thereby, achieving a market value of $1.94 trillion by 2032. In the cloud-based deployment category, custody service providers leveraged the scalable, on-demand infrastructure offered by third-party cloud platforms to deliver digital-asset safekeeping solutions with enhanced accessibility, global reach, and lower upfront capital outlay. Government-focused reports highlighted that cloud environments can accelerate time-to-market, enable rapid capacity growth for new asset classes, and support widespread institutional adoption while maintaining high availability and disaster-recovery capabilities.
The Cryptocurrencies segment is generating maximum revenue share in the Global Digital Asset Custody Market by Asset Type in 2024, growing at a CAGR of 21.5 % during the forecast period. The cryptocurrencies category dominated custody services, with the bulk of assets under custody falling into the fungible digital-token class, reflecting the strong market share of broadly-used tokens and the alignment of custodians’ infrastructures with high-frequency trading, exchange settlement, and institutional wallet services. Federal reports emphasised that these fungible digital assets present distinct consumer-protection, market-integrity and operational-risk concerns, given that they are actively traded and widely held across retail and institutional participants.
The Custody Services segment is leading the Global Digital Asset Custody Market by Service Type in 2024; thereby, achieving a market value of $2.16 trillion by 2032. Custody services form the core offering of digital-asset safekeeping providers, encompassing the secure storage, asset segregation, key-management and client-asset auditability functions that allow institutional and retail participants to entrust their holdings to third-party custodians. Official regulatory commentary, including from U.S. Securities and Exchange Commission staff, emphasises that custodians “provide safekeeping of financial assets and are important building blocks for the financial-services industry,” and that digital-asset custodians face unique challenges in recording ownership, recovering lost assets and delivering audit trails.
The Institutional Investors segment led the Global Digital Asset Custody Market by End-use in 2024, growing at a CAGR of 21.3 % during the forecast period. The end-use category representing institutional investors—such as pension funds, endowments, sovereign wealth funds and large-scale asset allocators—stood out for its strong reliance on digital-asset custody solutions as these entities gradually embraced holdings beyond traditional asset classes. Government statements and regulatory analyses pointed out that institutional adoption of digital assets hinged significantly on the availability of custody services that could meet rigorous audit, compliance, and operational-risk standards.
The North America market dominated the Global Digital Asset Custody Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $1,215.5 Billion by 2032. The Europe market is experiencing a CAGR of 21.5% during (2025 - 2032). Additionally, The Asia Pacific market would exhibit a CAGR of 22.7% during (2025 - 2032).
By Type of Custody
By Deployment
By Asset Type
By End-use
By Service Type
By Geography
Unique Offerings
