Schwab and Deutsche Bank Announce Expansions Into Digital Assets

WHY IT MATTERS

When large, well-known banks and brokerages start offering cryptocurrency services, it can change how everyday people access digital assets. Think of it like the difference between buying something from a small independent shop versus finding it on the shelves of a major retailer — it does not change the product, but it makes it more accessible and familiar. For people new to crypto, this means they may eventually be able to buy and hold digital assets through the same accounts they already use for stocks or savings, rather than needing to set up separate accounts on crypto-specific platforms. Custody, in this context, refers to the secure storage and management of digital assets on behalf of clients, similar to how a bank holds your money in an account.