Charles Schwab is preparing to expand its cryptocurrency services by giving financial advisors direct access to crypto trading, custody, and asset transfers through its platform, with a launch currently targeted for 2027.
The move would bring cryptocurrency services deeper into Schwab’s wealth management business, allowing advisors to manage clients’ crypto holdings alongside traditional investments from a single platform.
According to company executives, Schwab is aiming for a mid-2027 rollout, although the timeline could change as development continues. The company currently oversees more than $10 trillion in client assets.
The advisor-focused service follows the launch of Schwab Crypto, which recently gave retail customers direct access to Bitcoin and Ethereum trading. That product was introduced gradually to selected U.S. clients as part of Schwab’s broader entry into the digital asset market.
Under the planned advisor platform, clients would be able to buy and sell cryptocurrencies directly, transfer digital assets, and store them through Schwab’s custody services. The goal is to make crypto investing easier for clients who want to manage all of their investments in one place.
While many financial advisors still prefer using crypto exchange-traded products (ETPs) because they fit within traditional investment portfolios, Schwab says demand for direct cryptocurrency ownership is growing. Many clients already hold crypto assets on external platforms and are looking for a more integrated solution through their advisors.
The expansion comes as major financial institutions continue to increase their involvement in the cryptocurrency sector. Competition among firms offering digital asset services has intensified as investor interest in regulated crypto products continues to grow.
Schwab has not yet announced details such as pricing, supported cryptocurrencies, or transfer limits for the advisor platform. Its retail crypto service initially launched with support for Bitcoin and Ethereum, and the company has indicated that additional digital assets could be added in the future.
If launched as planned, the new service would provide independent financial advisors with direct crypto tools through Schwab’s existing infrastructure, helping them meet growing client demand while keeping digital assets within a regulated and familiar investment environment.
For now, the project remains under development, with Schwab continuing to work on custody systems, transfer capabilities, and compliance requirements ahead of its expected 2027 launch.
