ICE Targets $184 Billion Crypto ETF Custody Market With Digital Trust
Intercontinental Exchange (NYSE:ICE), parent company to the New York Stock Exchange, has released a white paper promoting its ICE Digital Trust as an institutional-grade crypto custody platform. The initiative is aimed at securing digital assets for exchange-traded funds in what it describes as a rapidly growing $184 billion market. Regulated by the New York State Department of Financial Services (NYDFS), ICE's offering emphasizes offline cold storage, multi-step approvals, and 100% manual transaction reviews to ensure security. The move follows ICE’s acquisition of a digital asset custody business in May 2025, positioning it as a key player in the evolving infrastructure for crypto finance. With recent ETF launches by firms like Morgan Stanley on NYSE Arca, demand is rising for secure and compliant custodians to hold assets such as Bitcoin and Ethereum. ICE faces competition from established players including Coinbase Custody, Fidelity Digital Assets, BitGo, and Anchorage Digital. However, the company sees long-term potential in crypto custody as a stable revenue stream amid growing adoption of tokenized securities.
Topics: cryptocurrency custody solutions ETFs institutional finance