📊 A recent report from River (August 8) shows that many major banks in the United States have started to move from the 'we haven't started yet' phase to the 'exploration' or 'announcement' phases, or even offering limited services to high-net-worth clients.
🔹 Key movements since 2024:
🏦 Morgan Stanley: Considering allowing its 15,000 brokers to recommend Bitcoin ETF funds with appropriate controls.
💼 Charles Schwab: Plans to add Bitcoin and Ethereum trading in response to customer demand.
💳 PNC: Partnered with Coinbase to enable customers to trade crypto directly from their bank accounts.
💱 State Street: Plans to launch a stablecoin and tokenized deposits, converting bonds and money market funds into digital tokens.
🏛 BNY Mellon: Served as the custodian for Ripple's RLUSD currency reserves and appeared in ETF fund documents.
🌐 Citi: Tested Solana's network for new financial services and considered custody services.
💰 JPMorgan: Launched a tokenized deposit project on the Base network, testing stablecoin services, and allowed clients to purchase crypto via Coinbase from their banking dashboard.
📈 Conclusion:
Major US banks have not fully opened their doors to crypto yet, but they are working on preparing channels such as:
ETF ✅ | Limited trading for premium clients ✅ | Integration with trading platforms ✅ | Custody services ✅ | Tokenization experiments ✅
💡 The trend is clear: from monitoring to practical planning and selectively launching services... more is coming! 🚀
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