Overview
- Fitch said it may change credit outlooks for banks with concentrated or fast‑growing crypto activities if controls lag.
- The agency noted revenue potential from custody, tokenization and stablecoin services alongside rising liquidity and compliance pressures.
- Fitch highlighted risks such as reputational blowback, custody vulnerabilities and challenges tied to pseudonymous ownership.
- Regulatory momentum includes the GENIUS Act, which proposes 1:1 dollar and Treasury backing for stablecoins with an implementation window targeted for early 2027.
- Large institutions including JPMorgan, Wells Fargo, Citigroup and Bank of America are advancing blockchain efforts for payments, tokenization and related services.