Traditional banks deepen crypto integration with new services and partnerships

The relationship between traditional banking and cryptocurrencies is evolving as more global financial institutions embrace blockchain technology and digital assets.JPMorgan Chase has introduced JPM Coin for institutional payments and offers crypto-friendly banking services to its clients. Its blockchain division, Onyx, is running pilot programmes for real-time transactions. Goldman Sachs has launched a crypto trading desk for Bitcoin and Ethereum, while Morgan Stanley provides its wealth management clients with access to Bitcoin funds.

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Citi plans to launch a cryptocurrency custody service by 2026, and Bank of America has already set up crypto trading desks. Other major institutions—including Wells Fargo, US Bancorp, BlackRock, Fidelity Investments, State Street, and BNY Mellon—are offering digital asset custody and related services.In Asia, the IBS has launched an institutional-grade digital asset exchange, while HSBC introduced a tokenised deposit service for corporate clients to move currencies across borders. PNC Bank has also partnered with Coinbase to enable crypto trading.

Beyond traditional banks, dedicated crypto-native banks are emerging. Sygnum Bank, for example, provides custody, trading, tokenisation, and lending under a regulated framework. Fintech firms such as Revolut and Bakkt are blending traditional payments with crypto integration, offering multi-currency accounts that include both fiat and digital currencies.

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