Institutional Custody Consolidates Around Three Providers
By Institutional Desk1 min read
Institutional digital asset custody has consolidated sharply, with three providers now holding the large majority of qualified custody mandates.
Concentration of this degree in a settlement-critical function would attract supervisory attention in conventional markets. In digital assets the custody layer remains lightly regulated in most jurisdictions.
Allocators have begun asking for multi-custodian arrangements as a condition of mandate, which may prove the more effective constraint.
