Today, more than half of the 25 largest US banks weigh or deploy crypto-related products.
Aug. 8 status chart shared by rivers tracking the giants Over two lanescustody and transaction.
This snapshot shows multiple companies moving from “still” to “exploration”, “announcement”, or ultimately limiting access to wealthy people. This shows that digital assets provision is steadily entering the mainstream wealth and capital market pipeline.
Concrete movements from early 2024 will help explain shifts. Morgan Stanley considered allowing it Recommended by 15,000 brokers Spot Bitcoin Exchange Sales Funds (ETFs) on clients, work on guardrails for suitability and allocation, and are indications of expanding distribution beyond unsolicited orders.
More recently, the CEO of Charles Schwab said the brokerage plans to add Bitcoin and Ethereum transactions for its customers. It cites strong demand View all possessions on a single platform.
PNC went further on the banks and chose Coinbase to allow wealth and asset management clients. Transactions directly with crypto Not through a different venue, but through a PNC account.
Parental rights and tokenization are progressing in parallel. State Street Signals of plans for release To improve settlement, efforts continued to represent settled deposits and tokenized deposits, followed by bonds and money market shares.
BNY Mellon has repeatedly emerged in filing and product builds, including its managerial and cash historical roles in ETF documents. Additionally, the bank was displayed as Reserve Manager I recently got tied up by Ripple’s RLUSD Stablecoin.
City explored Solana Next-generation financial services Tokenization pilot, and reportedly It is considered a custody service Early 2025.
JPMorgan has put into action a large number of crypto-related projects in 2025. In June, the bank began its pilot project. Tokenized deposit token It is issued at the base and is intended to facilitate the transfer of instant dollars.
Additionally, bank CEO Jamie Dimon revealed they would do so Test the Stablecoin service With a tokenized deposit token pilot. In particular, Dimon did not regain his criticism of the code.
Last week, JPMorgan allowed customers to access and create Coinbase Direct crypto purchasing Without leaving the dashboard.
Taken together, these developments match River’s charts, indicating that many top banks are not opening floods. Still, they prepare channels such as ETF access, restricted transactions for asset clients, third-party integration, custody, and tokenization pilots.
Access is uneven and is often limited to wealthy or advisory clients, but the direction of travel is clear.
The largest US banks have shifted their focus from crypto monitoring to operational planning and selective rollouts, with recent initiatives serving as proof points for a broader product set being focused.
