A report issued by Ccdata, a digital asset-focused research firm, describes that crypto custodians have been evolving to introduce new use cases for their institutional customers. These new use cases include staking services, tokenized real-world assets (RWA) custody, and investment product-related opportunities.
Report: Crypto Custodians Are Changing
A report published by Ccdata, a cryptocurrency market research firm, and commissioned by Zodia Custody, an institutional grade custody provider owned by Standard Chartered, Northern Trust, and SBI, paints a picture of the evolution of these custodians in the digital asset landscape, and how they have been including more services to complement the traditional offerings.
According to the report, there are currently only about 100 custodians serving institutional and retail customers, while there are close to 1.5 billion unique Bitcoin and Ethereum wallets, a sign that massive adoption and usage for crypto assets is in trend.
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