KeyCorp CEO calls crypto a client-driven store of value
Bank open to holding crypto in client wallets
Signals growing institutional acceptance of digital assets
In a major signal of shifting sentiment in traditional finance, the CEO of KeyCorp—a bank with $185 billion in assets—has acknowledged crypto’s role as a “store of value,” based on client demand. This comment highlights how even established financial institutions are beginning to adapt to the evolving expectations of their customers.
The CEO stated that KeyCorp is ready to accommodate clients who want to hold crypto in their wallets. This reflects a growing acknowledgment among banks that digital assets are here to stay and should be part of their service offerings. Instead of resisting the trend, KeyCorp is leaning in—positioning itself as a customer-first institution ready to meet modern financial needs.
Client Demand Is Driving Crypto Integration
KeyCorp’s decision to potentially support crypto holdings isn’t rooted in a sudden belief in Bitcoin or Ethereum. Rather, it’s about listening to customers. As more individuals and businesses show interest in digital assets, banks that fail to keep up may risk losing relevance.
This approach is in line with a broader movement across the financial sector. Other institutions like JPMorgan, Fidelity, and BlackRock have already made strategic moves into crypto. KeyCorp’s statement adds to the growing chorus of traditional financial players legitimizing the digital asset space—not as speculation, but as part of wealth management.
NEW: $185 billion KeyCorp bank CEO says crypto is “a store of value to the extent that our clients want it and they want to hold it in their wallets, and we will accommodate to that.” pic.twitter.com/CkLrYrqz2d
— Cointelegraph (@Cointelegraph) July 24, 2025
What This Means for the Future of Banking
KeyCorp’s stance could pave the way for further integration of crypto in everyday banking. If client demand continues to rise, services such as crypto custody, trading, and payments could soon become standard offerings in many traditional banks.
By embracing crypto as a client-driven necessity, banks like KeyCorp are modernizing their roles in a rapidly changing financial ecosystem.
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