According to Techub News citing WuBlockchain, US asset management titan Charles Schwab is planning to launch crypto spot trading, transfer, and custody services targeted at investment advisors by 2027. With over $10 trillion in client assets under custody, Charles Schwab ranks among the largest wealth management firms in the United States.
The move represents a significant deepening of the company’s involvement in digital assets. Charles Schwab had previously expressed interest in the cryptocurrency space, but this plan for a full suite of services — including spot trading, fund transfers, and secure custody — will enable advisors to directly manage crypto allocations for their clients on the Schwab platform. This signals that traditional financial giants are accelerating their push into crypto services to meet the growing demand for digital asset exposure from high-net-worth clients and professional institutions.
As a leader in wealth management, Charles Schwab’s entry underscores the ongoing convergence of mainstream finance and cryptocurrency markets, potentially paving the way for broader institutional adoption and regulatory clarity.