Tiger Research: Crypto Custody Competition Shifts to Trust-Based Management
- —MiCA-licensed custodians rose to 230 from 50 a year earlier
- —Tokenized RWA market grew 85% to $39.8 billion
- —Stablecoin market topped $300 billion, up over 50% in 2025
- —Anchorage and BitGo hold OCC national trust bank status
Why it matters: Custodians that add management and settlement can capture revenue beyond storage fees as institutional demand grows.
Source: TokenPost
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