Charles Schwab is extending its crypto push to registered investment advisors, targeting mid-2027 for the rollout of spot cryptocurrency trading, custody, and transfer services. The move positions one of the largest US brokerage and wealth management firms to serve the advisor channel directly, allowing RIAs to execute and hold digital assets on behalf of clients through Schwab's infrastructure. The timeline aligns with broader institutional momentum in crypto adoption following the approval of spot Bitcoin ETFs in the United States. By building out custody and transfer capabilities alongside trading, Schwab aims to offer a more complete operational stack for advisors rather than limiting access to derivative or fund-based products. The mid-2027 target suggests the firm is still completing regulatory and technical groundwork before launch.
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