BeInCrypto Institutional Research: 15 Digital Asset Custody Providers Behind Crypto Adoption
Digital asset custody is among the core belief layers behind institutional crypto adoption. Best Custody Provider is an award class inside The BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence throughout 26 classes and 6 pillars.
This class sits in Pillar 2: Capital Markets & Infrastructure. The 15 companies beneath are its longlist. A shortlist will probably be named in May 2026, with the winner introduced at Proof of Talk in Paris on June 2–3, 2026.
- Long checklist: 15 custody suppliers throughout federal charters, NYDFS belief corporations, MPC platforms, bank-backed JVs, APAC custodians, and off-exchange settlement networks
- Initial pool: More than 30 certified custodians and digital asset custody platforms screened; 15 superior to the lengthy checklist
- Scoring: 50% quantitative information · 50% Expert Council
- Criteria assessed: Qualified custodian standing, belongings underneath custody, institutional consumer base, audit posture, product depth, jurisdictional attain, settlement innovation, popularity
- Data sources: OCC, NYDFS, FCA, FINMA, BaFin, MAS, MiCA-CASP registers, Jersey FSC, audited filings, firm disclosures, PitchBook, Tracxn, and Crunchbase
| # | Firm | Custody Sub-Segment | HQ | Reach | Top Licensure / Charter | Representative Work |
|---|---|---|---|---|---|---|
| 1 | Anchorage Digital | Federal-chartered crypto custody | SF / NY / Sioux Falls / Singapore / Porto | $4.2B valuation
Backed by a16z, GIC, Goldman Sachs, KKR, Visa, Tether |
First federally chartered US crypto financial institution
Atlas Settlement Network is dwell with institutional integrations |
OCC National Trust Bank Charter
MiCA through BaFin, VARA, Singapore, Korea |
| 2 | Coinbase Custody | US ETF custody supplier | Wilmington / SF, USA | Custodian for 8 of 11 spot Bitcoin ETFs
80%+ of US Bitcoin ETF belongings routed through Coinbase |
NYDFS Limited Purpose Trust Charter
Coinbase Custody Trust Company |
Primary custodian for IBIT
Co-custodian for Morgan Stanley Bitcoin Trust |
| 3 | BitGo | Federally chartered public custody | Sioux Falls / Palo Alto, USA | $104B+ AUC
Thousands of institutional purchasers |
Custody tech utilized by TradFi banks
Coverage throughout the US, EU, Switzerland, UAE, Singapore, Australia, Hong Kong |
NYSE IPO accomplished in Jan 2026
First public federally chartered digital asset infrastructure agency |
| 4 | Fidelity Digital Assets, NA | Asset manager-operated federal belief | Boston, USA | Custody for FBTC and FETH
Backed by Fidelity’s ~$15T+ AUA platform |
Acquired TRES Finance and Dynamic
Building a custody, pockets, and accounting working system |
OCC constitution authorised Dec 2025
Plans embody stablecoin issuance and staking companies |
| 5 | BNY | Global custodian with crypto floor | New York, USA | ~$55.8T AUC/A
Live BTC and ETH custody since 2022 |
OCC-regulated financial institution
Institutional custody operations |
Co-custodian for Morgan Stanley MSBT
IBIT money custodian and administrator |
| 6 | Fireblocks | MPC-native institutional platform | New York / Tel Aviv | 2,400+ institutional purchasers
$4T+ annual digital asset transfers in 2025 |
NYDFS BitLicense
SOC 2 Type II + ISO 27001 |
OCC conditional nationwide belief financial institution constitution
Conversion from the New York State belief |
| 7 | Ripple Custody (Metaco) | Bank custody know-how stack | Lausanne / SF | Acquired Tungsten Custody within the UAE
Standard Chartered reportedly weighing full takeover |
OCC conditional constitution
FINMA-regulated custody stack |
Ripple rebranded Metaco as Ripple Custody
Ripple National Trust Bank’s constitution was conditionally authorised |
| 8 | Sygnum | Swiss-licensed crypto financial institution | Zurich, Switzerland | 2,000+ institutional purchasers
$5B+ AUM; unicorn valuation |
FINMA banking licence
MAS, Liechtenstein, ADGM permissions |
Reached unicorn standing in Jan 2025
Sygnum Connect and Sygnum Protect dwell |
| 9 | Komainu | TradFi-backed custody JV | St Helier, Jersey | Operations throughout Jersey, UK, Italy, Singapore, UAE, Japan
~120 employees goal |
Jersey FSC, UK FCA, UAE VARA
Italy OAM and Singapore MAS through Propine |
$75M Series B funded in Bitcoin
Propine acquisition expanded Singapore custody hub |
| 10 | Zodia Custody | Standard Chartered-backed custody | London, UK | ~150 employees throughout 7 places of work
75+ digital belongings supported |
UK FCA, Ireland MiCA-CASP, Lux, ADGM
Hong Kong and Japan FSA protection |
Sub-custodian for Clearstream Crypto providing
AnchorNote off-exchange settlement launched |
| 11 | Crypto Finance Group | Exchange-parent regulated custody | Zurich, Switzerland | Deutsche Börse majority-owned
Clearstream institutional distribution |
FINMA Switzerland
BaFin licences + MiCA-CASP |
Aura personal wealth platform launched
Qualified custodian within the Fireblocks community |
| 12 | Hex Trust | APAC custody anchor | Hong Kong | $104M raised
APAC and MENA institutional protection |
HK SFC, MAS CMS, ADGM, VARA, DFSA
Multiple licence classes |
ClearLoop settlement community expanded
Komainu was built-in into ClearLoop in 2025 |
| 13 | Copper | Off-exchange settlement custody | London, UK | 200+ institutional purchasers
Multi-billion-dollar belongings underneath custody |
Switzerland SO-FIT affiliation
Abu Dhabi ADGM licence |
~$2B valuation
9+ exchanges on the ClearLoop community |
| 14 | Ceffu | Institutional MPC and OES | Lithuania | 200+ institutional purchasers
Multi-billion belongings underneath custody |
Lithuania MiCA-CASP
Multi-jurisdiction sub-custody preparations |
MirrorX off-exchange settlement built-in with KuCoin
EU institutional custody standing expanded |
| 15 | Bakkt Trust | NYDFS-regulated US custody | New York, USA | ICE-origin institutional custody
Multi-asset custody platform |
NYDFS Limited Purpose Trust Charter
BitLicense + 50-state MTLs |
Bakkt Warehouse helps institutional custody
$125M+ insurance coverage throughout chilly and heat wallets |
About This List
The BeInCrypto Institutional 100 — Digital Asset Custody (2026 Long List) identifies custody suppliers supporting institutional digital asset adoption. The class covers federally chartered crypto banks, NYDFS trust-company custodians, MPC-native platforms, bank-backed custody ventures, APAC-regulated custodians, exchange-parent custody platforms, and off-exchange settlement networks.
Firms primarily targeted on stablecoin issuance are evaluated individually underneath stablecoin infrastructure classes. Parent companies might seem in different classes when their custody product line meets that class’s threshold independently.
Methodology
This class is evaluated underneath Track A of the BeInCrypto Institutional 100 methodology: 50% primarily based on quantitative metrics and 50% on Expert Council scoring.
Assessment spans seven weighted standards: regulator-recognized certified custodian standing, belongings underneath custody and institutional consumer base, regulatory and audit posture, product depth, multi-jurisdiction attain, settlement and capital-efficiency innovation, and popularity.
Data was verified utilizing OCC nationwide belief financial institution constitution approvals, NYDFS BitLicense and trust-company registers, FCA, FINMA, BaFin, MAS, MiCA-CASP authorizations, Jersey FSC information, audited filings, firm disclosures, partnership bulletins, and private-market sources, together with PitchBook, Tracxn, and Crunchbase. Figures mirror the newest out there information on the time of publication.
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