Custody Service Market Report 2026

The custody service market size has grown strongly in recent years. It will grow from $48.84 billion in 2025 to $53.24 billion in 2026 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to expansion of global capital markets, growth in institutional investment activity, increasing complexity of asset portfolios, rising demand for safekeeping services, development of centralized depository systems.

The custody service market size is expected to see strong growth in the next few years. It will grow to $75.87 billion in 2030 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for digital custody solutions, rising focus on real-time reporting and transparency, expansion of alternative asset custody, growing regulatory scrutiny on asset servicing, increased outsourcing of post-trade operations. Major trends in the forecast period include increasing demand for integrated custody and asset servicing platforms, rising adoption of securities lending services, growing use of automated settlement and reporting systems, expansion of multi-asset custody capabilities, enhanced focus on regulatory-compliant data management.

The increasing demand for digital assets is expected to drive the growth of the custody services market in the future. Digital assets are virtual or electronic resources that hold economic value and can be owned or traded within digital environments. The demand for these assets is fueled by the rising adoption of cryptocurrencies, heightened interest in decentralized finance (DeFi), and the pursuit of alternative investment opportunities among both retail and institutional investors. Custody services for digital assets provide secure storage and management solutions for cryptocurrencies and other blockchain-based assets, ensuring the safety of private keys, facilitating transactions, and maintaining compliance with regulatory requirements to protect investors and build trust in the expanding digital asset market. For instance, in February 2023, the ETC Group, a UK-based financial services company, reported that sales of non-fungible tokens (NFTs) on major blockchains approached nearly $1 billion in January 2023, reflecting an average increase of 33.83% across the top 12 chains. Consequently, the growing demand for digital assets, particularly in the metaverse, is driving the growth of the custody services market.

Major companies operating in the custody service market are concentrating on enhancing technology, such as digital asset custody infrastructures with integrated blockchain support, to meet the increasing demand for secure, compliant, and scalable solutions that enable institutions to protect both traditional and digital assets amid rising digital asset adoption and complex regulatory requirements. Digital asset custody infrastructures with integrated blockchain support utilize distributed ledger technology, robust encryption, regulatory compliance frameworks, and interoperable operations to securely manage private keys and cryptographic assets, providing real-time auditability, immutability, and efficient settlement capabilities that traditional centralized custody systems with manual reconciliation cannot offer. For example, in September 2024, Standard Chartered PLC, a UK-based multinational bank, introduced its digital asset custody service in the United Arab Emirates, a regulated offering licensed by the Dubai Financial Services Authority, allowing institutional clients to securely store major cryptocurrencies such as Bitcoin and Ethereum while combining traditional custodial expertise with blockchain technology to bridge conventional finance and digital assets and address regulatory, security, and operational challenges associated with legacy custody systems.

In October 2024, Apex Group Ltd, a Bermuda-based financial services provider, acquired the custody and investment accounting business of Digital Trustees Executors Ltd for an undisclosed amount. This acquisition aims to expand Apex Group's investment operations in New Zealand, reinforcing its position as a leading provider of administration and custody services in the region. It also seeks to enhance service offerings for clients by providing a comprehensive solution that includes access to a wide range of services such as capital raising, distribution, and innovative ESG and sustainability services. Trustees Executors Ltd. is a New Zealand-based company specializing in custody and investment accounting services.

Major companies operating in the custody service market are JPMorgan Chase & Co., HSBC Holdings plc, Citigroup Inc., Wells Fargo & Company, BNP Paribas, UBS AG, State Bank of India, Groupe Caisse d'Épargne, Deutsche Bank AG, HDFC Bank Ltd., ICICI Bank Ltd., The Bank of New York Mellon Corporation, DBS Bank Ltd., Commerzbank AG, State Street Bank and Trust Company, Northern Trust Corporation, Hang Seng Bank Limited, Kotak Mahindra Bank Limited, Standard Chartered plc, Yes Bank Ltd., Societe Generale Securities Services GmbH, Stock Holding Corporation of India Ltd., Julius Baer Group AG, Brown Shipley & Co. Limited, RBC Investor & Treasury Services, Edelweiss Custodial Services Ltd., Orbis Financial Corporation Ltd., Axis Bank Ltd., Brown Brothers Harriman & Co.

North America was the largest region in the custody service market in 2025. Western Europe was the second largest market in the custody service market report. The regions covered in the custody service market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the custody service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The custody service market consists of revenues earned by entities by providing services such as settlement, safekeeping, and reporting of customers' marketable securities and cash. Securities lending can allow a customer to make additional income on custody assets by loaning securities to approved borrowers on a short-term basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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