BeInCrypto Institutional Research: 15 Firms Leading Digital Asset Adoption
Digital asset adoption is now transferring by means of banks, asset managers, custodians, tokenization platforms, and crypto-native institutional arms. Leader in Digital Asset Adoption is an award class inside The BeInCrypto Institutional 100, an annual research-driven program recognizing institutional digital asset excellence throughout 26 classes and 6 pillars.
This class sits in Pillar 3: Adoption & Use Cases. The lengthy record tracks 15 companies that launched merchandise, deployed capital, constructed infrastructure, or created market indicators between April 2025 and March 2026. A shortlist can be named in May 2026, with the winner introduced at Proof of Talk in Paris on June 2–3, 2026.
- Long record: 15 companies throughout banks, asset managers, custodians, tokenized funds, deposit tokens, stablecoins, and institutional crypto platforms
- Initial pool: More than 30 establishments screened; 15 superior to the lengthy record
- Scoring: 30% quantitative knowledge · 50% Expert Council · 20% disclosed firm knowledge
- Criteria assessed: Strategic dedication, merchandise launched, capital deployed, organizational funding, {industry} sign, ahead momentum
- Data sources: SEC 13F filings, OCC approvals, MiCA-CASP authorizations, FCA, FINMA, MAS, BaFin, JFSA disclosures, audited stories, firm releases, PitchBook, Tracxn, and Crunchbase
| # | Firm | Adoption Sub-Segment | HQ | Reach | Top Licensure / Live Product | Representative Work |
|---|---|---|---|---|---|---|
| 1 | JPMorgan Chase | Bank-led tokenization | New York, USA | $4T+ belongings
JPMD dwell on Base |
OCC-regulated nationwide financial institution
JPMD USD deposit token |
Hired Oliver Harris to steer Kinexys
Kinexys Fund Flow dwell with non-public financial institution companions |
| 2 | BlackRock | Asset supervisor adoption | New York, USA | $12.5T+ AUM
IBIT 800K+ BTC; BUIDL $2.85B |
IBIT, ETHA, ETHB
BUIDL tokenized cash market fund |
ETHB staked Ether ETF launched Mar 2026
IBIT grew to become a significant institutional Bitcoin car |
| 3 | Goldman Sachs | Tokenization platform | New York, USA | $3.1T AUM
GS DAP dwell on Canton |
SEC and FINRA registered
GS DAP institutional DLT platform |
Tokenized MMF platform launched with BNY
GS DAP deliberate industry-owned spinout |
| 4 | BNY | Crypto custody | New York, USA | $55.8T AUC/A
$2.5T day by day funds |
OCC-regulated financial institution
Live BTC and ETH custody |
Co-custodian for Morgan Stanley MSBT
IBIT money custodian and administrator |
| 5 | Fidelity Investments | Full-stack crypto adoption | Boston, USA | $15T+ AUA
FBTC and FETH dwell |
OCC conditional nationwide belief constitution
Fidelity Digital Assets, NA |
National belief financial institution constitution authorised Dec 2025
Plans embody stablecoin and staking providers |
| 6 | Morgan Stanley | Wealth crypto distribution | New York, USA | $5.5T+ wealth belongings
MSBT dwell on NYSE Arca |
OCC constitution pending
Morgan Stanley Digital Trust filed |
Franklin Crypto launched through a 250 Digital deal
BENJI used as a part of acquisition consideration |
| 7 | Standard Chartered | Multi-product financial institution adoption | London, UK | $900B belongings
CIB custody dwell in Lux and HK |
FCA and multi-jurisdiction CIB
HK stablecoin licence candidate |
Naveen Mallela joins because the funds head
Zodia Custody reportedly transferring into the CIB division |
| 8 | KuCoin | Crypto-native institutional bridge | Mahé, Seychelles | 40M+ customers
200+ nations |
MiCAR-CASP through KuCoin EU
Institutional custody integrations |
Ceffu and Cactus custody integrations
Asseto tokenized RWA collateral pilot |
| 9 | Citi | Tokenized deposits | New York, USA | $2.4T belongings
CTS dwell in main markets |
OCC-regulated financial institution
Citi Token Services |
CTS built-in with 24/7 USD clearing
Ether custody pilot accomplished |
| 10 | Franklin Templeton | Tokenized funds | San Mateo, USA | $1.7T+ AUM
BENJI/FOBXX ~$843M |
SEC-registered FOBXX
EZBC and EZET dwell |
Franklin Crypto launched through a 250 Digital deal
BENJI used as a part of the acquisition consideration |
| 11 | Nomura · Laser Digital | TradFi crypto subsidiary | Tokyo / Zurich | Nomura $650B AUM
Komainu regulated custody JV |
UAE VARA, ADGM, Switzerland
OCC constitution filed Jan 2026 |
Laser Digital National Trust Bank software filed
Komainu custody lively throughout jurisdictions |
| 12 | HSBC | Tokenization and digital securities | London, UK | $3T+ belongings
Orion $3.5B+ issuance |
UK DIGIT mandate
HKMA stablecoin issuer licence |
HSBC Orion chosen for UK DIGIT pilot
Cross-bank tokenized deposit transaction accomplished |
| 13 | DBS | Bank-backed digital trade | Singapore | $540B belongings
DDEx quantity up 8x in 2025 |
MAS Recognised Market Operator
DBS Digital Exchange |
Integrated crypto into belief planning
Crypto choices and ETF-linked notes dwell |
| 14 | Société Générale · SG-FORGE | Bank-issued stablecoins | Paris, France | SocGen €1.4T belongings
EURCV and USDCV dwell |
MiCA CASP approved
EUR and USD stablecoins |
Issued MiCA-compliant EUR and USD stablecoins
SWIFT pilot for tokenized bond settlement |
| 15 | MEXC | Tokenized RWA bridge | Seychelles | 40M+ customers
13.74M MAU |
100+ Ondo tokenized inventory pairs listed
Gold futures reached a powerful international share |
100+ Ondo tokenized inventory pairs listed
Gold futures reached robust international share |
About This List
The BeInCrypto Institutional 100: Digital Asset Adoption (2026 Long List) identifies establishments making productized strikes into digital belongings. The class focuses on banks, custodians, asset managers, asset servicers, broker-dealers, and chosen crypto-native institutional arms that join conventional finance with tokenized belongings, custody, settlement, stablecoins, or regulated digital asset entry.
Crypto-native companies centered primarily on trade infrastructure, prime brokerage, market making, or buying and selling methods are evaluated individually below Pillar 2 classes.
Methodology
This class is evaluated below Track B of the BeInCrypto Institutional 100 methodology: 30% quantitative metrics, 50% Expert Council scoring, and 20% disclosed knowledge.
Assessment spans six weighted standards: strategic dedication, merchandise launched, capital deployed, organizational funding, {industry} sign, and ahead momentum.
Data was verified utilizing SEC 13F filings, OCC nationwide belief financial institution constitution approvals, MiCA-CASP authorizations, FCA, FINMA, MAS, BaFin, and JFSA disclosures, audited annual stories, firm releases, and private-market sources, together with PitchBook, Tracxn, and Crunchbase.
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