Charles Schwab, a $13 trillion asset manager, announced Thursday that it is expanding its digital asset offerings beyond Bitcoin and Ethereum. The firm will add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to Schwab Crypto accounts in the coming months.
Schwab Crypto launched in May 2026 with Bitcoin and Ethereum. The company noted that these three new assets will become available soon, with the possibility of additional cryptocurrencies being announced in the future. Schwab retained the right to delay, modify, or withdraw support for any of these assets.
Joe Vietri, Schwab's head of digital assets, said the expansion gives clients more options for building digital asset allocations. "With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab," Vietri stated, adding that the additions align with Schwab's approach of providing access to familiar cryptocurrencies supported by educational resources and tools.
Broader Institutional Adoption
The move reflects a wider trend of traditional finance deepening its involvement in cryptocurrency. Institutional crypto participation initially centered on spot Bitcoin and Ether exchange-traded funds, followed by spot funds for Solana, XRP, Litecoin, and Dogecoin after 2025 generic listing standards. Brokerages are now advancing this trend, with digital assets increasingly viewed as a standard portfolio component rather than a speculative investment.
