Banks aligning forces: PNC Bank teams up with Coinbase to accelerate digital asset services development
In a groundbreaking move, PNC Bank and Coinbase have joined forces to integrate the latter's crypto services with PNC's established banking infrastructure. This partnership, announced in July 2025, is set to provide institutions with scalable, institutional-grade digital asset solutions.
According to William S. Demchak, the chairman and chief executive officer of PNC, "Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients." Brett Tejpaul, Coinbase's Institutional head, echoes this sentiment, stating that "This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC's trusted platform."
The partnership bridges the gap between traditional finance and digital assets, marking a significant shift towards institutional trust and adoption of cryptocurrencies. It signifies that digital assets are becoming a mature segment of capital markets.
The collaboration also benefits from the enhanced regulatory clarity brought by the GENIUS Act in June 2025. This legislation has fostered market legitimacy and increased adoption, including crypto ETFs gaining $4 billion post-legislation.
PNC leverages Coinbase's compliance tools and insurance capabilities to mitigate risks associated with digital assets, making crypto a more viable mainstream asset class for institutional investors. This partnership offers PNC's clients crypto custody services through Coinbase's Crypto-as-a-Service (CaaS) platform, allowing them to access digital assets without PNC incurring direct operational risks related to crypto management.
The initial offering for clients will include the ability to buy, hold, and sell cryptocurrencies. PNC will also provide Coinbase with select banking services. The Coinbase CaaS platform is built on a foundation of uncompromising security and is a leading platform in the digital asset market.
This collaboration is expected to help meet growing demand for secure and streamlined access to digital assets. It showcases a shared commitment to a strong digital financial system and represents a forward-looking blueprint for combining traditional banking infrastructure with secure, regulated crypto asset services to foster institutional adoption and growth in the digital asset ecosystem.
In addition, the partnership combines PNC's client service and innovation with Coinbase's Crypto-as-a-Service platform to deliver best-in-class products for clients in the digital asset market. The collaboration is designed to provide PNC with the means to offer secure digital asset solutions to its clients and investors, while also positioning them to benefit from expanded infrastructure, potential earnings growth, and advances in real-world asset and decentralized finance tokenization through this integration.
Overall, the PNC-Coinbase partnership is seen as a strategic move that enables PNC to serve institutional clients exploring crypto investments while relying on Coinbase’s expertise and technology to handle the complexities and operational risks of digital assets.
[1] Source: PNC Bank Press Release, July 2025 [2] Source: Coinbase Press Release, July 2025 [3] Source: PNC Bank FAQ, July 2025
- This partnership between PNC Bank and Coinbase signifies a significant step in the business world, merging traditional finance with technology, particularly in the realm of cryptocurrencies.
- The collaboration between PNC and Coinbase is poised to provide financial institutions with advanced digital asset solutions, solidifying crypto's position as a mature segment of the capital markets.
