Adoption by capability
What share of institutions is live in each capability?
Source: 51 Terminal + 51 research · 120 eligible institutions · 14 July 2026
Live
51 Digital Asset Bank Adoption Index
Compare digital asset adoption across the world’s leading banks.
The index ranks 120 banks and financial institutions across eight capabilities, from market access and custody to tokenization and strategy, using linked public evidence.
01
63% live
Tokenization is the index’s most mature capability.
02
Only 11% scaled
Most tokenization activity has not reached material, multi-market use.
03
38% live ETP access
Client access trails tokenization by 25 percentage points.
Institution ranking
Compare digital asset adoption by institution.
None verified Exploring Pilot Live Scaled
Showing 48 of 120 matching institutions.
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Showing 48 of 120 matches · 120 scoredMore profiles load automatically as you scroll
Adoption analysis
Where banks are live and where they are still experimenting.
Bank strategy and delivery
Which institutions turn strategy into live digital asset products?
Right means stronger strategy. Up means more mature products.
More mature digital asset products and services
Execution ahead3 institutionsOperating maturity leads visible strategy
Operational leaders27 institutionsStrategy and operating maturity are both high
Earlier stage0 institutionsPublic evidence remains concentrated in exploration and pilots
Committed builders0 institutionsStrategy is visible while operating breadth is still forming
Stronger digital asset strategy
How to read this matrix
Top 30 is the default. Filters cover the complete scored index. Operating maturity is the mean of the seven product capabilities.
Who qualifies?
Client facing banks, custodians, asset managers, insurers and market infrastructure qualify.
- Controlled subsidiaries are consolidated into the parent institution.
- Public bodies, hedge funds, corporate issuers, standalone funds, protocols and vendors are excluded.
What is scored?
Eight capabilities are weighted equally. Each receives a maturity stage from 0 to 4.
Overall scoremean stage ÷ 4 × 100
Markets, ETP access, custody, digital money, tokenization, issuance, investment products and strategy are scored separately.
How does maturity work?
The same definitions apply to every institution and capability. The highest verified stage is used. Source volume alone does not raise a stage.
None verifiedNo qualifying public evidence supports activity in this capability.0
ExploringResearch, announced intent, investment or partnership without a live client service.25
PilotA proof of concept, sandbox or limited pilot is operating with a defined scope.50
LiveA product or service is active and available to a defined client or market segment.75
ScaledA live capability operates across multiple markets or client segments, or has material production use.100
What evidence counts?
- The evidence must name the institution and the activity.
- The source must be dated and attributable.
- Primary publications and regulatory filings take priority.
- Secondary sources require clear attribution to the institution.
- Scaled always requires analyst review.
What are the limits?
- Scores reflect public evidence available by the index date.
- Private activity is not inferred.
- None verified means no qualifying evidence, not no activity.
- Corrections are reviewed when a source is submitted.
Research every institution in 51 Terminal.
Open the underlying products, initiatives, partnerships, acquisitions, and primary sources used to assess institutional digital asset adoption.