Charles Schwab is widening its crypto offering: the $13 trillion asset manager will add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) trading to Schwab Crypto accounts, the firm said in a press release. Schwab Crypto clients will be able to buy and sell the three tokens “in the coming months,” joining the platform’s existing direct access to bitcoin and ether. Joe Vietri, Head of Digital Assets at Charles Schwab, framed the move as giving clients more options to incorporate digital assets into their broader financial picture. “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 said, adding that the additions align with Schwab’s strategy to pair crypto access with education, tools and client support. Why it matters - Scale and credibility: Schwab’s entry further normalizes mainstream access to non‑BTC/ETH crypto through established brokerages. The firm reported $5.2 trillion in advisor client assets at the end of Q1 and manages roughly $13 trillion overall, underscoring the potential reach of the offering. - Market timing: The launch comes amid a broader market upswing—Bitcoin’s rally in August helped lift altcoins: SOL and LINK are each up more than 40% over the past 30 days, while AVAX is up about 15% in the same span. - Product roadmap: Schwab said it plans to add more cryptocurrencies over time. At a June media roundtable the firm targeted mid‑2027 to bring spot crypto trading, transfers and custody for registered investment advisers on its platform. Quick primer on the tokens being added - Solana (SOL): a high-throughput smart-contract blockchain popular for decentralized apps and NFTs. - Avalanche (AVAX): a smart-contract platform focused on custom blockchains and fast finality. - Chainlink (LINK): a decentralized oracle network that connects smart contracts to real-world data. Schwab is among several major U.S. asset managers rolling out crypto services to clients. By expanding beyond BTC and ETH, the firm is betting that demand for a wider range of digital assets will grow among retail and advisor‑level customers who prefer to trade within familiar brokerage environments. Read more AI-generated news on: undefined/news