Bitcoin News Today: Top U.S. Banks Push Crypto Services Amid Institutional Demand

Leading U.S. banks are expanding their cryptocurrency offerings to include advanced services such as custody, stablecoin development, and asset tokenization. JPMorgan, Morgan Stanley, and Citigroup are among the institutions actively integrating these services, reflecting a growing institutional appetite for digital assets. Over half of the top 25 U.S. banks have now announced or are piloting crypto initiatives, focusing primarily on custody solutions and tokenized assets [1].

This expansion is driven by strong demand from high-net-worth individuals and institutional clients seeking digital asset exposure. JPMorgan CEO Jamie Dimon emphasized that customers are pushing for a unified view of their assets, including crypto, and the bank is responding accordingly [2]. State Street is exploring tokenized deposits and a stablecoin to streamline settlement processes, while BNY Mellon is securing reserves for Ripple’s RLUSD, a U.S. Treasury-backed stablecoin [3].

Beyond custody and stablecoins, banks are also advancing tokenization of traditional assets. Recent developments suggest that institutions are preparing to issue tokenized versions of stocks, enabling real-time trading of fractional ownership. This shift could redefine traditional securities markets by making trading faster and more accessible [4]. JPMorgan, Goldman Sachs, and other leading banks are already expanding their Bitcoin trading and custody services, signaling a broader acceptance of digital assets in mainstream finance [5].

Regulatory support is also helping to fuel this movement. The Trump administration has emphasized the need for regulatory clarity around digital assets, with a focus on fostering innovation in tokenization and asset custody [6]. The White House recently released a digital asset report reinforcing the importance of clear regulatory frameworks to support the sector’s growth [7].

Despite the momentum, analysts remain cautious. JPMorgan noted that while tokenization has gained traction, decentralized finance (DeFi) and tokenization initiatives have underperformed expectations, citing the need for clearer regulations to ensure stability [8]. Bank of America’s Global Research team forecasts that tokenization will become more entrenched in both financial and non-financial sectors over the next 15 years, though this remains a long-term projection [9].

The integration of tokenization into traditional banking services marks a significant step toward bridging conventional finance and the digital economy. With regulatory support and increasing institutional interest, U.S. banks are positioning themselves at the forefront of the next phase of financial innovation.

Sources:

[1] Majority of America's top 25 banks now signal crypto plans - [https://cryptoslate.com/majority-of-americas-top-25-banks-now-signal-crypto-plans/](https://cryptoslate.com/majority-of-americas-top-25-banks-now-signal-crypto-plans/)

[2] Major US Banks Quietly Gear Up for Crypto Expansion - [https://coindoo.com/major-us-banks-quietly-gear-up-for-crypto-expansion/](https://coindoo.com/major-us-banks-quietly-gear-up-for-crypto-expansion/)

[3] The Race to Launch Tokenized Stocks Is On. Here's What ... - [https://www.investopedia.com/the-race-to-launch-tokenized-stocks-is-on-heres-what-that-means-for-us-investors-11784560](https://www.investopedia.com/the-race-to-launch-tokenized-stocks-is-on-heres-what-that-means-for-us-investors-11784560)

[4] JPMorgan, Goldman Sachs & America's Top Banks Rush ... - [https://coinpedia.org/news/jpmorgan-goldman-sachs-americas-top-banks-rush-to-control-bitcoin-report/](https://coinpedia.org/news/jpmorgan-goldman-sachs-americas-top-banks-rush-to-control-bitcoin-report/)

[5] A Closer Look at the Trump Administration's ... - [https://www.skadden.com/insights/publications/2025/08/a-closer-look-at-the-trump-administrations-comprehensive-report-on-digital-assets](https://www.skadden.com/insights/publications/2025/08/a-closer-look-at-the-trump-administrations-comprehensive-report-on-digital-assets)

[6] White House Issues Digital Asset Report, SEC Chair ... - [https://www.paulhastings.com/insights/crypto-policy-tracker/white-house-issues-digital-asset-report-sec-chair-declares-most-crypto-assets-are-not-securities](https://www.paulhastings.com/insights/crypto-policy-tracker/white-house-issues-digital-asset-report-sec-chair-declares-most-crypto-assets-are-not-securities)

[7] DeFi and Tokenization Underperform Expectations Despite ... - [https://yellow.com/news/jpmorgan-defi-and-tokenization-underperform-expectations-despite-dollar25-billion-market](https://yellow.com/news/jpmorgan-defi-and-tokenization-underperform-expectations-despite-dollar25-billion-market)

[8] Bank of America: 99% of Crypto Tokens Doomed to Vanish ... - [https://www.fxleaders.com/news/2025/08/09/bank-of-america-99-of-crypto-tokens-doomed-to-vanish-in-a-decade/](https://www.fxleaders.com/news/2025/08/09/bank-of-america-99-of-crypto-tokens-doomed-to-vanish-in-a-decade/)