$12.6 Trillion Schwab Targets Mid-2027 Crypto Trading Rollout For Advisors
Charles Schwab is targeting a 2027 launch of spot crypto trading, transfer, and custody services for financial advisors through its custody platform. The rollout would extend Schwab’s crypto push beyond its new retail offering and give registered investment advisors direct access to digital assets inside existing portfolio workflows. Jalina Kerr said the project is active and “on track,” with a launch likely around mid-2027. Schwab already offers retail spot Bitcoin and Ethereum trading through Schwab Crypto, and it plans to add more coins and transfer features later. The advisor-facing product has not yet confirmed which assets, pricing, or custody partners will be used. The move matters because Schwab is a major wealth-management platform, with $12.61 trillion in client assets and about $5.31 trillion in Schwab Advisor Services assets. Direct spot crypto access for advisors would be a bigger step than Schwab’s current crypto-linked products such as ETFs, futures, and options.
