Cowen to provide crypto custody services to institutional clients
Investment bank Cowen will provide cryptocurrency custody services to hedge funds and asset managers. This wil make it one of the first Wall Street banks to offer such a service to its clients.
Cowen to hold cryptos for its institutional clients
The cryptocurrency market has welcomed several institutional investors over the past few months. However, most of the services they need are offered by a few companies because the crypto space is little more than a decade old.Cowen, the century-old investment bank, has now entered the cryptocurrency space and will provide services to institutional investors. The bank announced earlier today it would offer crypto custody services to hedge funds and asset managers. This move makes it one of the first Wall Street banks to hold cryptocurrencies for its institutional clients.
Jeffrey Solomon, Cowen’s chief executive officer, revealed this to Bloomberg in an interview. He said, “The demand is clearly here. We’re going to be able to help a lot of our institutional clients get over the hump and start trading digital assets in the not-too-distant future.”
Cowen will provide institutional-grade custody services for cryptos. In addition, it will offer a wide range of other digital assets via its partnership with Standard Custody & Trust Co. As part of the deal, the investment bank will also invest $25 million in PolySign Inc., Standard’s parent company.
Scarcity of custodians prompted the move
Solomon pointed out that Cowen decided to provide this service due to the scarcity of custodians in the crypto space. “If you’re an institutional investor with a fiduciary requirement, the bar is extremely high for you to put investments in any asset that does not have a clear chain of custody that you can access at a moment’s notice. Even if you had a view on the asset class, if you can’t demonstrate custody, then you can’t trade it,” he said.Indeed, PolySign creates products that would enable financial institutions to work more with cryptocurrencies and other digital assets. Cowen is the latest big name in the US financial sector to enter the cryptocurrency space. In recent months, Goldman Sachs and Morgan Stanley have also become actively involved in the crypto market. In addition to the above, other leading investment banks, including JPMorgan Chase and Citigroup, are working on rolling out cryptocurrency services for their clients.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
