Ripple and BCG See Digital Asset Custody Generating $100M for Banks

Ripple and BCG estimate digital asset custody could improve financial results by up to $100 million for banks holding 200B–300B in assets. Institutional custody now covers more than 30% of digital assets outside centralized exchanges, with governance and interoperability gaining importance. Banks are exploring self-custody, Wallet-as-a-Service and multi-custodian models to support tokenization, stablecoins, payments and collateral management. Ripple and Boston Consulting Group (BCG) say digital asset custody is moving beyond secure storage as financial institutions expand blockchain-based services. Their latest report examines how governance, network connections and financial system integration shape custody decisions.

Source: Crypto Front News