Institutional Custody Services Market Report 2026

The institutional custody services market size has grown strongly in recent years. It will grow from $30.33 billion in 2025 to $32.7 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growth of institutional investment portfolios, expansion of global capital markets participation, increasing regulatory scrutiny on asset management, rising demand for third-party custody services, growing complexity of multi-asset investments.

The institutional custody services market size is expected to see strong growth in the next few years. It will grow to $43.66 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing adoption of digital custody platforms, rising demand for integrated risk and liquidity reporting, expansion of alternative asset custody requirements, growing focus on cybersecurity resilience, increasing cross-border investment activities. Major trends in the forecast period include increasing adoption of automated asset safekeeping platforms, rising demand for real-time settlement and reporting capabilities, growing integration of advanced risk and compliance monitoring tools, expansion of multi-asset custody solutions, enhanced focus on data security and operational transparency.

The rising influx of foreign investments is expected to drive the growth of the institutional custody services market moving forward. Foreign investment involves the transfer of capital from one country to another by individuals, companies, or governments investing in assets such as businesses, real estate, or financial instruments to obtain ownership, control, or financial returns. This increase is fueled by growing globalization, encouraging investors to seek diversified growth opportunities and higher returns across international borders. Rising foreign investments support institutional custody services by increasing the demand for secure and compliant asset management, especially in cross-border transactions. They also promote the development of advanced custody solutions, enhancing trust and transparency for global investors. For example, in February 2025, the International Monetary Fund, a US-based financial institution, reported that global foreign direct investment reached $41 trillion in 2023, reflecting a 4.4% increase from 2022. Consequently, the growth in foreign investments is propelling the institutional custody services market.

Leading companies in the institutional custody services market are pursuing strategic partnerships to improve asset security, generate passive income, and address rising institutional demand for blockchain-based financial services. Strategic partnerships are formal collaborations between organizations that pool resources, expertise, technology, or market access to achieve common goals. For instance, in April 2025, Paribu Custody, a Turkey-based digital asset custody provider, partnered with Figment, a Canada-based computer security firm, to launch a secure and advanced staking service for institutional clients. This partnership merges Paribu’s strong security infrastructure with Figment’s leading staking technology, allowing institutions to participate in staking across major proof-of-stake networks such as Ethereum, Solana, and Cardano while retaining custody of their assets. This initiative responds to increasing institutional demand for environmentally friendly, reward-generating blockchain participation, offering a seamless, compliant, and trustworthy gateway.

In February 2023, Galaxy Digital Holdings Ltd., a US-based financial company, acquired all assets of GK8 from Celsius Network LLC for about $44 million. Through this acquisition, Galaxy aimed to strengthen its institutional-grade digital asset infrastructure by integrating GK8’s secure custody technology, including its proprietary cold vault and multi-party computation (MPC) capabilities. Celsius Network LLC is a crypto lending firm providing custody-like services for digital assets primarily via its GK8 platform.

Major companies operating in the institutional custody services market are The Bank of China, Citigroup Inc., HSBC Holdings plc, Société Générale SA, Goldman Sachs Group Inc., UBS Group AG, The Bank of Montreal, Barclays PLC, U.S. Bank National Association, The PNC Financial Services Group Inc., ICICI Bank Limited, Mizuho Financial Group Inc, The Bank of New York Mellon Corporation, Standard Chartered Bank, BlackRock Inc., Axis Bank Limited, Fifth Third Bancorp., First-Citizens Bank & Trust Company, Regions Financial Corporation, Brown Brothers Harriman & Co., Wilmington Trust NA, Clearstream Banking S.A, BNP Paribas Securities Services S.C.A, Anchorage Digital Bank National Association, Commerce Trust Company, Millennium Trust Company LLC.

North America was the largest region in the institutional custody services market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the institutional custody services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the institutional custody services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The institutional custody services market includes revenues earned by entities by providing services such as safekeeping of assets, trade settlement, income collection, corporate actions processing, and regulatory reporting for institutional clients. 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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