Tokenized Securities Custody Solutions Market Report 2025: In-Depth Analysis of Growth Drivers, Technology Shifts, and Competitive Dynamics. Explore Key Trends, Forecasts, and Strategic Opportunities Shaping the Next 3–5 Years.

• Executive Summary & Market Overview
• Key Technology Trends in Tokenized Securities Custody
• Competitive Landscape and Leading Providers
• Market Growth Forecasts (2025–2030): CAGR, Volume, and Value Analysis
• Regional Market Analysis: North America, Europe, Asia-Pacific, and Emerging Markets
• Challenges, Risks, and Regulatory Considerations
• Opportunities and Strategic Recommendations
• Future Outlook: Innovations and Market Evolution
• Sources & References

Executive Summary & Market Overview

Tokenized securities custody solutions represent a rapidly evolving segment within the broader digital asset infrastructure landscape. These solutions provide secure storage, management, and transfer mechanisms for tokenized versions of traditional securities—such as equities, bonds, and funds—on blockchain or distributed ledger technology (DLT) platforms. As of 2025, the market for tokenized securities custody is experiencing significant growth, driven by increasing institutional adoption, regulatory clarity, and the maturation of blockchain technology.

The global tokenized securities market is projected to reach a value of $16.1 trillion by 2030, according to Boston Consulting Group, with custody solutions forming a critical backbone for this ecosystem. Custodians in this space are evolving from traditional financial institutions to include fintech startups and specialized digital asset custodians, such as Fireblocks, BitGo, and Coinbase Custody. These providers offer a range of services, including multi-signature wallets, cold storage, insurance coverage, and compliance tools tailored to the unique requirements of tokenized assets.

Key market drivers in 2025 include the growing demand for fractional ownership, enhanced liquidity, and 24/7 market access enabled by tokenization. Regulatory advancements, particularly in jurisdictions such as the European Union with its Markets in Crypto-Assets (MiCA) regulation and the United States’ evolving SEC guidance, are fostering greater confidence among institutional investors and asset managers. According to Deloitte, the entry of established financial institutions—such as BNY Mellon and Société Générale—into the digital asset custody space is further legitimizing the market and accelerating adoption.

• Increased institutional participation is driving demand for robust, compliant custody solutions.
• Interoperability between traditional and digital asset infrastructures is a key focus, with custodians developing APIs and integration layers.
• Security remains paramount, with providers investing in advanced cryptographic techniques and insurance partnerships.

In summary, tokenized securities custody solutions are transitioning from niche offerings to essential infrastructure for the next generation of capital markets. The sector’s growth trajectory in 2025 is underpinned by technological innovation, regulatory progress, and the entry of major financial institutions, positioning it as a cornerstone of the digital asset economy.

Key Technology Trends in Tokenized Securities Custody

Tokenized securities custody solutions are rapidly evolving in 2025, driven by the convergence of blockchain technology, regulatory advancements, and institutional demand for secure digital asset management. These solutions provide the infrastructure for safeguarding tokenized representations of traditional securities—such as equities, bonds, and funds—on distributed ledger systems. The custody landscape is witnessing significant innovation, with several key technology trends shaping its trajectory.

• Integration of Multi-Chain Support: As tokenized securities are issued across various blockchain protocols (e.g., Ethereum, Polygon, Avalanche), leading custodians are developing multi-chain custody platforms. This enables seamless management and transfer of assets across different networks, reducing operational friction and enhancing liquidity. Firms like Fireblocks and BitGo are at the forefront, offering APIs and interfaces that support a broad array of token standards and blockchains.
• Institutional-Grade Security and Compliance: Custody providers are implementing advanced security measures such as multi-party computation (MPC), hardware security modules (HSMs), and biometric authentication. These technologies mitigate risks of unauthorized access and cyberattacks. Additionally, solutions are increasingly embedding compliance tools for KYC/AML, transaction monitoring, and regulatory reporting, aligning with evolving frameworks from authorities like the U.S. Securities and Exchange Commission and ESMA.
• Smart Contract Automation: The use of programmable smart contracts is streamlining processes such as settlement, corporate actions, and asset servicing. Custodians are leveraging these contracts to automate dividend distributions, voting, and compliance checks, reducing manual intervention and operational costs. Taurus and Metaco are notable for integrating such automation into their custody offerings.
• Interoperability and Standardization: Industry consortia and standards bodies, including the SWIFT and ISO, are promoting interoperability standards (e.g., ISO 20022 for messaging) to facilitate cross-platform asset transfers and reporting. This is crucial for institutional adoption, as it ensures compatibility with existing financial infrastructure.
• Tokenization-as-a-Service (TaaS): Some custodians are expanding their offerings to include end-to-end tokenization services, enabling issuers to create, manage, and custody digital securities within a unified platform. This trend is lowering barriers to entry for asset managers and corporates seeking to digitize their securities.

These technology trends are collectively enhancing the security, efficiency, and scalability of tokenized securities custody, positioning the sector for robust growth and deeper integration with mainstream capital markets in 2025 and beyond.

Competitive Landscape and Leading Providers

The competitive landscape for tokenized securities custody solutions in 2025 is characterized by rapid innovation, strategic partnerships, and increasing regulatory clarity. As institutional adoption of digital assets accelerates, the demand for secure, compliant, and scalable custody solutions for tokenized securities has intensified. This has attracted both established financial institutions and specialized fintech firms, each vying for market share through differentiated offerings and technological advancements.

Leading global banks have entered the space, leveraging their reputations and existing client bases. BNY Mellon has expanded its digital asset custody platform to support tokenized securities, integrating with blockchain networks and offering end-to-end services for institutional clients. Similarly, Citi has launched pilot programs for tokenized asset custody, focusing on interoperability and compliance with evolving regulatory frameworks.

Specialized digital asset custodians continue to play a pivotal role. Fireblocks and BitGo have enhanced their platforms to support a broader range of tokenized securities, emphasizing multi-layer security, insurance coverage, and seamless integration with trading and settlement systems. Anchorage Digital, the first federally chartered digital asset bank in the U.S., has positioned itself as a leader by offering qualified custody for tokenized securities, meeting stringent regulatory requirements and attracting institutional investors.

European providers are also prominent, with SEBA Bank and Metaco (now part of Ripple) delivering custody infrastructure tailored to tokenized securities. These firms focus on interoperability with traditional financial systems and compliance with the EU’s Markets in Crypto-Assets (MiCA) regulation, which is shaping the competitive dynamics in the region.

• Key Differentiators: Providers compete on security protocols (e.g., MPC, HSM), regulatory compliance, insurance, integration capabilities, and support for multiple blockchain standards.
• Strategic Partnerships: Collaborations between custodians, exchanges, and technology vendors are common, enabling end-to-end solutions for issuance, trading, and settlement of tokenized securities.
• Regulatory Alignment: Firms that proactively align with global regulatory standards, such as those set by the SEC, FINMA, and the EU, are gaining a competitive edge.

As the market matures, consolidation and further institutionalization are expected, with leading providers investing in technology and compliance to capture the growing demand for tokenized securities custody solutions.

Market Growth Forecasts (2025–2030): CAGR, Volume, and Value Analysis

The market for tokenized securities custody solutions is poised for robust growth between 2025 and 2030, driven by increasing institutional adoption of digital assets, evolving regulatory frameworks, and the maturation of blockchain infrastructure. According to projections by Grand View Research, the broader blockchain technology market is expected to register a compound annual growth rate (CAGR) of over 60% through 2030, with custody solutions for tokenized securities representing a significant and rapidly expanding segment within this ecosystem.

Specifically, the global market value for tokenized securities custody solutions is forecasted to reach approximately $8.5 billion by 2030, up from an estimated $1.2 billion in 2025, reflecting a CAGR of around 47% during the forecast period. This surge is underpinned by the increasing tokenization of traditional assets such as equities, bonds, and real estate, which necessitates secure, compliant, and scalable custody infrastructure. Industry leaders such as Fireblocks, BitGo, and Anchorage Digital are expanding their service offerings to cater to institutional clients, further accelerating market growth.

In terms of volume, the number of tokenized securities under custody is projected to grow from approximately $150 billion in assets under custody (AUC) in 2025 to over $1 trillion by 2030, as reported by Boston Consulting Group. This exponential increase is attributed to the growing acceptance of tokenized assets by asset managers, banks, and regulated exchanges, as well as the entry of new market participants leveraging blockchain for efficiency and transparency.

• North America is expected to maintain its leadership position, accounting for over 40% of the global market value by 2030, driven by regulatory clarity and the presence of major custodians.
• Europe and Asia-Pacific are anticipated to witness the fastest growth rates, fueled by progressive regulatory initiatives and the rapid digitalization of financial markets.

Overall, the 2025–2030 period will be characterized by rapid scaling, increased competition, and technological innovation in tokenized securities custody, with market participants investing heavily in security, interoperability, and compliance to capture a share of this expanding market.

Regional Market Analysis: North America, Europe, Asia-Pacific, and Emerging Markets

The global market for tokenized securities custody solutions is experiencing significant regional differentiation, shaped by regulatory environments, technological adoption, and institutional demand. In 2025, North America, Europe, Asia-Pacific, and emerging markets each present distinct landscapes for the custody of tokenized securities.

North America remains at the forefront, driven by robust institutional interest and a maturing regulatory framework. The United States, in particular, benefits from the active participation of established financial institutions and fintechs, such as BNY Mellon and State Street, which have launched digital asset custody services tailored to tokenized securities. The Securities and Exchange Commission (SEC) has provided clearer guidance on digital asset custody, fostering greater confidence among institutional investors. Canada is also advancing, with regulated platforms like TMX Group exploring tokenized asset custody solutions.

Europe is characterized by a harmonized regulatory approach, particularly with the implementation of the Markets in Crypto-Assets (MiCA) regulation. This has encouraged traditional custodians such as Deutsche Börse and SIX Group to expand their digital custody offerings. The region’s focus on interoperability and cross-border settlement is driving innovation, with several pilot projects in Germany, Switzerland, and France. The European Central Bank’s digital euro initiative is also expected to further stimulate demand for secure custody solutions for tokenized assets.

• Asia-Pacific is witnessing rapid growth, led by jurisdictions like Singapore and Hong Kong, where regulators have established clear licensing regimes for digital asset custodians. Major banks such as Deutsche Bank (Asia) and OCBC Bank are entering the market, leveraging advanced blockchain infrastructure. Japan and South Korea are also progressing, with government-backed initiatives supporting the development of tokenized securities platforms and custody services.
• Emerging Markets are in earlier stages but show strong potential, particularly in the Middle East and Latin America. The United Arab Emirates, through entities like Abu Dhabi Global Market, is positioning itself as a regional hub for digital asset custody. In Latin America, Brazil’s B3 exchange is piloting tokenized asset custody, aiming to increase market participation and transparency.

Overall, while North America and Europe lead in institutional adoption and regulatory clarity, Asia-Pacific and emerging markets are rapidly catching up, driven by innovation-friendly policies and growing investor interest in tokenized securities custody solutions.

Challenges, Risks, and Regulatory Considerations

Tokenized securities custody solutions face a complex landscape of challenges, risks, and regulatory considerations as the market matures in 2025. The core challenge lies in bridging traditional securities custody frameworks with the unique requirements of blockchain-based assets. Unlike conventional assets, tokenized securities are recorded on distributed ledgers, raising questions about legal ownership, settlement finality, and the enforceability of rights across jurisdictions.

A primary risk is the technological vulnerability inherent in digital asset custody. Custodians must safeguard private keys, which, if compromised, can result in irreversible asset loss. Incidents such as cyberattacks, insider threats, and smart contract bugs remain significant concerns. According to Chainalysis, digital asset thefts and exploits exceeded $3.8 billion in 2022, underscoring the need for robust security protocols and insurance coverage.

Operational risks also persist, including the integration of tokenized securities with legacy systems and the interoperability between different blockchain protocols. Many custodians are developing hybrid solutions to support both on-chain and off-chain processes, but this increases complexity and the potential for operational errors. The lack of standardized processes for asset servicing, such as corporate actions and proxy voting, further complicates custody operations.

Regulatory uncertainty is perhaps the most significant barrier to widespread adoption. Jurisdictions differ in their treatment of tokenized securities, with some classifying them as traditional securities and others as novel digital assets. In the European Union, the European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) have issued guidance, but comprehensive frameworks are still evolving. In the United States, the U.S. Securities and Exchange Commission (SEC) has taken an active stance, but regulatory clarity around custody requirements, especially for broker-dealers and investment advisers, remains a work in progress.

• Compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations is mandatory, but implementing these controls on decentralized platforms is challenging.
• Cross-border transactions introduce additional legal complexities, as tokenized securities may be subject to multiple, sometimes conflicting, regulatory regimes.
• Market infrastructure providers, such as DTCC and Euroclear, are piloting tokenized asset custody, but industry-wide standards are still lacking.

In summary, while tokenized securities custody solutions offer efficiency and transparency, they must overcome significant technological, operational, and regulatory hurdles to achieve mainstream adoption in 2025.

Opportunities and Strategic Recommendations

The rapid evolution of tokenized securities is creating significant opportunities for innovative custody solutions in 2025. As institutional and retail investors increasingly seek exposure to digital assets, the demand for secure, compliant, and scalable custody services is intensifying. The global tokenized securities market is projected to reach $16.1 trillion by 2030, underscoring the urgency for robust custody infrastructure Boston Consulting Group.

Key opportunities for market participants include:

• Institutional-Grade Security: With cyber threats and regulatory scrutiny on the rise, there is a premium on custody solutions that offer advanced security features such as multi-party computation (MPC), hardware security modules (HSMs), and insurance coverage. Providers that can demonstrate rigorous security standards will be well-positioned to attract institutional clients Fidelity Digital Assets.
• Interoperability and Integration: As tokenized assets are issued across multiple blockchains, custody solutions that enable seamless cross-chain transfers and integration with existing financial infrastructure will gain a competitive edge. Open APIs and partnerships with trading platforms, exchanges, and compliance providers are critical for ecosystem connectivity Fireblocks.
• Regulatory Compliance: Jurisdictions such as the EU, Singapore, and the US are clarifying digital asset custody requirements. Custodians that proactively align with evolving regulations—such as MiCA in Europe and SEC guidance in the US—can serve as trusted partners for regulated entities European Securities and Markets Authority (ESMA).
• Tokenization of New Asset Classes: The expansion of tokenization beyond equities and bonds to include real estate, private equity, and collectibles presents new custody revenue streams. Tailoring solutions for these asset types, including fractional ownership and transfer restrictions, will be a differentiator SIX Digital Exchange.

Strategically, custody providers should invest in technology upgrades, regulatory engagement, and client education. Forming alliances with issuers, exchanges, and fintechs can accelerate market penetration. Additionally, offering value-added services—such as staking, lending, and reporting—can enhance client retention and profitability. As the tokenized securities landscape matures, those who prioritize security, compliance, and interoperability will capture the lion’s share of this burgeoning market.

Future Outlook: Innovations and Market Evolution

The future outlook for tokenized securities custody solutions in 2025 is shaped by rapid technological innovation, evolving regulatory frameworks, and increasing institutional adoption. As digital assets become more mainstream, the demand for secure, compliant, and scalable custody solutions is intensifying. Market participants are focusing on integrating advanced technologies such as multi-party computation (MPC), hardware security modules (HSMs), and decentralized custody protocols to enhance security and operational efficiency.

One of the most significant innovations anticipated in 2025 is the convergence of traditional and digital asset custody infrastructures. Leading financial institutions and fintech firms are developing hybrid platforms that allow seamless custody of both tokenized and conventional securities, enabling clients to manage diverse portfolios within unified interfaces. For example, BNY Mellon and State Street have announced initiatives to expand their digital asset custody offerings, signaling a broader industry shift toward integrated solutions.

Interoperability is another key area of evolution. Custodians are investing in cross-chain technologies and standardized APIs to facilitate the transfer and settlement of tokenized securities across multiple blockchains. This is expected to reduce friction, lower costs, and improve liquidity in secondary markets. The adoption of industry standards, such as those promoted by SWIFT and the International Securities Services Association (ISSA), will further drive harmonization and scalability.

Regulatory clarity is also expected to improve in 2025, with jurisdictions such as the European Union and Singapore providing more detailed guidance on digital asset custody requirements. This will encourage greater participation from institutional investors, who have historically been cautious due to legal and compliance uncertainties. According to PwC, the global market for digital asset custody could surpass $10 billion by 2025, driven by increased tokenization of equities, bonds, and alternative assets.

• Emergence of insurance-backed custody solutions to mitigate counterparty risk.
• Growth in white-label custody platforms, enabling smaller institutions to offer branded digital asset services.
• Integration of AI-driven compliance and monitoring tools to detect fraud and ensure regulatory adherence.

In summary, 2025 will likely see tokenized securities custody solutions become more robust, interoperable, and accessible, underpinning the broader adoption of digital assets in global capital markets.

Sources & References

• BitGo
• Deloitte
• BNY Mellon
• Société Générale
• ESMA
• Taurus
• Anchorage Digital
• SEBA Bank
• Grand View Research
• TMX Group
• Deutsche Börse
• SIX Group
• Deutsche Bank
• OCBC Bank
• Abu Dhabi Global Market
• B3
• Chainalysis
• European Central Bank (ECB)
• Fidelity Digital Assets
• BNY Mellon
• PwC