CoinSwitch launches DigiVault to tap institutional crypto demand in India
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CoinSwitch on Monday announced the launch of DigiVault, a crypto custody platform aimed at high-net-worth individuals (HNIs), family offices and institutions, marking a shift as the company expands beyond retail trading into digital asset infrastructure.
What is DigiVault and who is it for?
CoinSwitch has positioned DigiVault as a secure custody and infrastructure platform designed for:
HNIs and family offices
Corporates and funds
Web3 developers and enterprises
The platform offers long-term storage, controlled withdrawal mechanisms, treasury management tools and API-based infrastructure for blockchain applications.
CoinSwitch said the product was initially built for internal use but has now been opened to external clients amid rising demand for secure and compliant custody solutions.
Ashish Singhal, co-founder, CoinSwitch said, “over the last 12–18 months, we’ve seen a clear shift in India’s crypto ecosystem as it enters a more mature phase, driven by increasing participation from HNIs, family businesses, and enterprises. Regulatory clarity is improving, enterprise interest is rising, and custody has become foundational. At the same time, tokenisation is emerging as a powerful new use case. With DigiVault, we are building core digital asset infrastructure for India to empower the next phase of responsible crypto adoption. Though retail remains central to CoinSwitch’s ecosystem, with DigiVault we are expanding the platform’s capabilities to serve HNIs, Family Offices, Institutions, and Web3 enterprises.”
He added, “this infrastructure was initially built to serve our internal requirements, as India’s largest crypto platform. However, growing demand from our HNIs, Family Offices and Institutional clients for a secure, compliant, and India-first custody solution led us to open this platform externally”.
Why is crypto custody becoming critical in India?
As adoption expands beyond retail trading, institutions require:
Secure asset storage
Governance and approval controls
Compliance-ready systems
According to CoinSwitch, DigiVault is designed to address this gap by combining global security standards with local regulatory alignment.
DigiVault is built in collaboration with Fireblocks, a global digital asset security platform that has secured over $10 trillion in transactions.
Fireblocks uses multi-party computation (MPC) technology to eliminate single points of failure, a key requirement for institutional custody.
The partnership is expected to strengthen DigiVault’s credibility, particularly among institutional investors who prioritise security and risk management.
How does tokenisation fit into CoinSwitch’s strategy?
A major part of DigiVault’s positioning is its support for tokenization of real-world assets, an emerging use case in the digital asset ecosystem.
The platform enables partners to:
Onboard assets
Tokenise and distribute them
Manage the full lifecycle
With DigiVault, CoinSwitch is attempting to position itself as a full-stack crypto platform, spanning investing, trading and now institutional custody. The move comes as India’s crypto market shows signs of maturing, with growing participation from enterprises and wealthy investors, even as regulatory clarity continues to evolve.