The State of Institutional Custody 2020

A transformative shift in the custody space for digital assets is underway. Firms are ramping up their infrastructure and product-lines to be more attractive to institutional investors. The term "institutional" is a blanket term that covers many different types of financial companies. Currently, the market landscape is mostly comprised of high-net-worth crypto-natives, hedge funds, and family offices.

The Block Research identified a total of 28 firms in the industry that provide custody services to institutionally defined clients.