The global market for Custody Service was estimated at US$39.6 Billion in 2024 and is projected to reach US$53.4 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Custody Service market.
The growing complexity of investment strategies and the expansion into global and alternative asset classes including derivatives, private equity, and digital assets have increased demand for specialized, cross-border custody solutions. With mounting pressure to manage costs, mitigate operational risks, and ensure transparency, institutional clients are partnering with global custodians who offer scalable platforms, integrated reporting tools, and end-to-end asset servicing. This shift is further reinforced by financial market globalization, which requires seamless post-trade infrastructure and multi-jurisdictional compliance expertise.
One of the most transformative developments is the emergence of digital asset custody. As institutional interest in cryptocurrencies and tokenized assets grows, custodians are developing secure, regulation-compliant digital vaults using multi-signature wallets, cold storage, and blockchain auditing. Legacy players are either building proprietary crypto custody infrastructure or partnering with fintech custodians to offer hybrid solutions. Additionally, distributed ledger technologies (DLTs) are being explored for future custody models, particularly in enabling real-time, atomic settlement and smart contract-enabled asset servicing.
The rise of family offices and ultra-high-net-worth individuals (UHNWIs) has also expanded the custody market into bespoke wealth custody services, including estate administration, complex asset structuring, and ESG portfolio tracking. Meanwhile, public funds, endowments, and nonprofits require transparent and compliant custody frameworks to satisfy fiduciary standards. In the digital space, hedge funds and crypto-native asset managers are engaging with custodians that offer secure, insured, and institutionally regulated digital custody solutions for crypto and tokenized investments.
Digital transformation in asset servicing is enabling custodians to deliver more scalable, real-time, and client-centric offerings, improving service competitiveness and operational efficiency. The entrance of digital assets into mainstream finance is driving both traditional and new-age custodians to invest in next-generation custody platforms that meet the security and regulatory requirements of institutional crypto holders. Lastly, the growing complexity of cross-border transactions and investment compliance is positioning custody providers as strategic partners in global fund management, not just as back-office facilitators. These forces collectively underscore the pivotal role of custody services in the evolving architecture of global capital markets.
Global Custody Services Market - Key Trends & Drivers Summarized
Why Are Custody Services Becoming Central to Institutional Asset Management?
Custody services have become a foundational pillar in the global financial infrastructure, providing secure safekeeping of financial assets for institutional investors, banks, mutual funds, insurance firms, pension funds, and increasingly, high-net-worth individuals. These services go beyond storage; they include trade settlement, corporate actions processing, income collection, tax support, proxy voting, and reporting. In today's highly regulated, risk-averse environment, asset managers rely heavily on custody providers to ensure operational efficiency, regulatory compliance, and asset protection.The growing complexity of investment strategies and the expansion into global and alternative asset classes including derivatives, private equity, and digital assets have increased demand for specialized, cross-border custody solutions. With mounting pressure to manage costs, mitigate operational risks, and ensure transparency, institutional clients are partnering with global custodians who offer scalable platforms, integrated reporting tools, and end-to-end asset servicing. This shift is further reinforced by financial market globalization, which requires seamless post-trade infrastructure and multi-jurisdictional compliance expertise.
How Are Technology and Digitalization Transforming Custody Services?
Technology is redefining the operational architecture of custody services. Automated workflows, AI-enabled reconciliation, and real-time settlement systems are being adopted to streamline trade lifecycle management. Cloud-based platforms and advanced data analytics tools are empowering custodians to deliver customized reporting, risk dashboards, and predictive analytics to clients. The integration of APIs and open banking frameworks is allowing clients to access custody data and services in a more modular, on-demand fashion.One of the most transformative developments is the emergence of digital asset custody. As institutional interest in cryptocurrencies and tokenized assets grows, custodians are developing secure, regulation-compliant digital vaults using multi-signature wallets, cold storage, and blockchain auditing. Legacy players are either building proprietary crypto custody infrastructure or partnering with fintech custodians to offer hybrid solutions. Additionally, distributed ledger technologies (DLTs) are being explored for future custody models, particularly in enabling real-time, atomic settlement and smart contract-enabled asset servicing.
What Are the Key Client Segments and Use Cases for Custody Services?
Institutional investors are the primary clients of custody services, spanning asset managers, sovereign wealth funds, insurance companies, and pension schemes. These clients seek comprehensive custody solutions that include cross-border asset servicing, FX management, and performance reporting. Investment banks and broker-dealers utilize custodians for collateral management, securities lending, and tri-party arrangements, especially under tighter regulatory frameworks like Basel III and EMIR.The rise of family offices and ultra-high-net-worth individuals (UHNWIs) has also expanded the custody market into bespoke wealth custody services, including estate administration, complex asset structuring, and ESG portfolio tracking. Meanwhile, public funds, endowments, and nonprofits require transparent and compliant custody frameworks to satisfy fiduciary standards. In the digital space, hedge funds and crypto-native asset managers are engaging with custodians that offer secure, insured, and institutionally regulated digital custody solutions for crypto and tokenized investments.
What Factors Are Driving Market Growth in Custody Services Worldwide?
The growth in the custody services market is driven by several factors related to capital market expansion, investor protection, and technological advancement. The steady rise in global assets under management (AUM), especially in emerging markets and alternative asset classes, is increasing the need for custodial infrastructure that can support diverse, globalized portfolios. Regulatory pressures for transparency, segregation of duties, and risk control are reinforcing the demand for Third-party custody services among financial institutions and fiduciaries.Digital transformation in asset servicing is enabling custodians to deliver more scalable, real-time, and client-centric offerings, improving service competitiveness and operational efficiency. The entrance of digital assets into mainstream finance is driving both traditional and new-age custodians to invest in next-generation custody platforms that meet the security and regulatory requirements of institutional crypto holders. Lastly, the growing complexity of cross-border transactions and investment compliance is positioning custody providers as strategic partners in global fund management, not just as back-office facilitators. These forces collectively underscore the pivotal role of custody services in the evolving architecture of global capital markets.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Equity Type segment, which is expected to reach US$25.7 Billion by 2030 with a CAGR of a 5.7%. The Fixed Income Type segment is also set to grow at 5.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $10.8 Billion in 2024, and China, forecasted to grow at an impressive 9.3% CAGR to reach $11.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Custody Service Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Custody Service Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Custody Service Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Apex Group Ltd., Bank of New York Mellon, Bankers Trust, BNP Paribas Securities Services, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 43 companies featured in this Custody Service market report include:
- Apex Group Ltd.
- Bank of New York Mellon
- Bankers Trust
- BNP Paribas Securities Services
- Brown Brothers Harriman
- Citibank
- CSC Global
- Deutsche Bank
- Euroclear
- HSBC Holdings plc
- Intertrust Group
- JPMorgan Chase & Co.
- Northern Trust Corporation
- Pictet Group
- SIX Group
- Société Générale Securities Services
- SS&C Technologies
- Standard Chartered Bank
- State Street Corporation
- UBS Group AG
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apex Group Ltd.
- Bank of New York Mellon
- Bankers Trust
- BNP Paribas Securities Services
- Brown Brothers Harriman
- Citibank
- CSC Global
- Deutsche Bank
- Euroclear
- HSBC Holdings plc
- Intertrust Group
- JPMorgan Chase & Co.
- Northern Trust Corporation
- Pictet Group
- SIX Group
- Société Générale Securities Services
- SS&C Technologies
- Standard Chartered Bank
- State Street Corporation
- UBS Group AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 286 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 39.6 Billion |
| Forecasted Market Value ( USD | $ 53.4 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
