{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"institutional_custody","evidenceReadAt":"2026-09-29","generatedAt":"2026-11-12","criteria":[{"id":"custody_legal_entity_licence","label":"Which legal entity actually takes my assets — and does its licence on the register say it may?","weight":35},{"id":"insolvency_survival_mechanism","label":"If they fail, are the assets still mine — or am I queueing as an unsecured creditor?","weight":30},{"id":"insurance_as_written","label":"Is the insurance number mine, and does it cover the wallet setup I'll actually run?","weight":20},{"id":"pre_sales_price_visibility","label":"Can I find out what this costs before I'm inside their sales process?","weight":15}],"providers":{"anchorage_digital":{"custody_legal_entity_licence":{"s":10,"q":"by and between Anchorage Digital Bank N.A. (\" Anchorage \"), and each Client as provided herein | Anchorage is a qualified custodian as defined under Investment Advisers Act of 1940 and is chartered by the U.S. Office of the Comptroller of the Currency (\"","u":"https://www.sec.gov/Archives/edgar/data/1869699/000121390024077941/ea021367401ex10-2_ark21.htm","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":9,"q":"Client Digital Assets and fiat currency shall be kept separate from the assets of Anchorage and shall not be reflected on Anchorage's balance sheet as assets of Anchorage | Anchorage shall be considered to be an \"excluded fiduciary\"","u":"https://www.sec.gov/Archives/edgar/data/1869699/000121390024077941/ea021367401ex10-2_ark21.htm","d":"2026-09-29"},"insurance_as_written":{"s":3,"q":"Digital assets held in custody are not guaranteed by Anchorage Digital and are not subject to the insurance protections of the Federal Deposit Insurance Corporation (\"FDIC\") or the Securities Investor Protection Corporation (\"SIPC\"), or the Singapore Deposit Insurance Corporation (\"SDIC\").","u":"https://www.anchorage.com/platform/custody","d":"2026-09-29"},"pre_sales_price_visibility":{"s":5,"q":"Less than $10m | Greater than or equal to $10m but less than | Greater than or equal to $500m | One-Time Onboarding Fee | Monthly Minimum Fee | $3,000.00 | Client shall pay a Fee which shall be the greater of i) Monthly Custody Fee, or ii) Monthly Minimum Fee.","u":"https://www.sec.gov/Archives/edgar/data/1591890/000164117225026501/ex10-3.htm","d":"2026-09-29"}},"bitgo_custody":{"custody_legal_entity_licence":{"s":8,"q":"On December 12, 2025, BitGo Trust Company, Inc. received approval from the OCC to convert to a national trust bank and operate as a federally regulated trust institution in the United States under the name BitGo Bank & Trust, National Association.","u":"https://www.sec.gov/Archives/edgar/data/1740604/000174060426000020/btgo-form10xk.htm","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":8,"q":"Such structure includes that digital assets held in custody by BitGo Bank & Trust, National Association (f/k/a BitGo Trust Company, Inc.) (\"BitGo B&T\"), BitGo New York Trust Company LLC and BitGo Custody MENA FZE (together, the \"BitGo Trust Companies\") are held in segregated accounts for the…","u":"https://www.sec.gov/Archives/edgar/data/1740604/000174060426000020/btgo-form10xk.htm","d":"2026-09-29"},"insurance_as_written":{"s":7,"q":"our digital asset insurance of up to $250 million for digital assets held in qualified custody, which is provided by a syndicate of insurers in the Lloyd's of London and European Marketplace, is accompanied by a long list of terms and conditions, constraints and exclusions that differ depending on…","u":"https://www.sec.gov/Archives/edgar/data/1740604/000174060426000020/btgo-form10xk.htm","d":"2026-09-29"},"pre_sales_price_visibility":{"s":2,"q":"We charge recurring account and custody fees, as well as transaction fees for certain movements of assets.","u":"https://www.sec.gov/Archives/edgar/data/1740604/000174060426000020/btgo-form10xk.htm","d":"2026-09-29"}},"coinbase_prime_custody":{"custody_legal_entity_licence":{"s":9,"q":"Coinbase, Inc. (\" Coinbase \"), on behalf of itself and as agent for Coinbase, Coinbase Custody Trust Company, LLC (\" Coinbase Custody \"), and, as applicable, Coinbase Credit, Inc.","u":"https://www.sec.gov/Archives/edgar/data/1980994/000143774923028549/ex_582354.htm","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":8,"q":"Digital Assets in Client's Custodial Account shall (i) be segregated from the assets held by Coinbase Custody as principal and the assets of other customers of Coinbase Custody, (ii) not be treated as general assets of Coinbase Custody | Client Assets in the Trading Balance and Vault Balance will…","u":"https://www.sec.gov/Archives/edgar/data/1980994/000143774923028549/ex_582354.htm","d":"2026-09-29"},"insurance_as_written":{"s":3,"q":"Coinbase Global has informed the Sponsor that it maintains an a commercial crime insurance policy | The insurance maintained by Coinbase Global is shared among all of Coinbase Insureds' customers, is not specific to the Trust | the level of insurance maintained by Coinbase Global may be…","u":"https://www.sec.gov/Archives/edgar/data/1980994/000143774926006058/bit20251231_10k.htm","d":"2026-09-29"},"pre_sales_price_visibility":{"s":3,"q":"For any periodic fees set forth in the Fee Schedule (which, for the avoidance of doubt, includes only the custodial fees), Coinbase will deliver on a monthly basis, in accordance with the notice provisions set forth herein, an invoice detailing the periodic fees incurred during the immediately…","u":"https://www.sec.gov/Archives/edgar/data/1980994/000143774923028549/ex_582354.htm","d":"2026-09-29"}},"fireblocks_custody":{"custody_legal_entity_licence":{"s":6,"q":"In addition to offering an industry-leading software platform, Fireblocks has established certain subsidiaries that hold relevant licenses to engage in specific virtual currency business activities.","u":"https://www.fireblocks.com/regulated-entities","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":7,"q":"Under the Fireblocks Custody Agreement, Fireblocks Custody provides BFS with one or more segregated custody accounts to store supported digital assets on BFS's behalf.","u":"https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm","d":"2026-09-29"},"insurance_as_written":{"s":1,"q":"Client assets are fully segregated and insolvency remote basis to ensure independence and objectivity. | Users can hold a diverse range of digital assets on a bankruptcy-remote basis.","u":"https://www.fireblocks.com/trustco","d":"2026-09-29"},"pre_sales_price_visibility":{"s":9,"q":"Essentials Everything you need to get started $ 999 per month, up to 6 months | $1,000,000 quarterly outbound volume | Overage rate 0.20% Per transaction | Custom Starting at $36,000 per year | Off Exchange Add-on From 3-30bps on AUC","u":"https://www.fireblocks.com/pricing","d":"2026-09-29"}},"copper_custody":{"custody_legal_entity_licence":{"s":3,"q":"Copper is the trading name of Copper Markets (Switzerland) AG, a company registered in Switzerland, number CHE 477.629.838.","u":"https://copper.co/en-ch","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":3,"q":"Although Copper treats non-security digital assets it custodies for customers as \"financial assets\" to help ensure that customer non-security digital assets do not become part of Copper's estate in the event that Copper is placed in a liquidation under SIPA or the Bankruptcy Code, non-security…","u":"https://copper.co/en-us/disclosures","d":"2026-09-29"},"insurance_as_written":{"s":3,"q":"Transfer Risk With $500M Specie Insurance | We arrange our insurance coverage in partnership with Aon, choosing policies that fit the risks specific to the digital asset sector: | A bespoke Crypto Crime policy | $500M of specie market-based insurance, placed in the Lloyd's of London market","u":"https://copper.co/en-ch/company/security","d":"2026-09-29"},"pre_sales_price_visibility":{"s":1,"q":"Client assets can be segregated both on-chain and through legal structures.","u":"https://copper.co/en-us/solutions/hold/qualified-custody","d":"2026-09-29"}},"zodia_custody":{"custody_legal_entity_licence":{"s":7,"q":"Since 12th December 2025, Zodia Custody (Europe) S.A. is authorised and regulated as a crypto-asset service provider by the Luxembourg CSSF. | Zodia Abu Dhabi, operating as Tungsten Custody Solutions Ltd (ADGM, Company No. 13952) is regulated by the ADGM FSRA.","u":"https://zodia-custody.com/licenses-registrations/","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":5,"q":"Zodia Custody operates insolvency-remote structures designed to keep client assets legally and operationally segregated from the custodian's balance sheet. This ensures assets remain the property of clients even in adverse scenarios. | Insolvency remote structures to protect assets","u":"https://zodia-custody.com/custody/","d":"2026-09-29"},"insurance_as_written":{"s":9,"q":"Digital Asset Crime USD 55M for any one loss and in the total for the period | Self retention USD 250,000 each loss (crime) | Digital Assets Custody Insurance Indemnity USD 100m aggregate for the period (including costs and expenses) Self retention Nil | Cyber Insurance Policy Indemnity USD 275m…","u":"https://zodia-custody.com/insurance-policy/","d":"2026-09-29"},"pre_sales_price_visibility":{"s":4,"q":"The information below summarises the pricing and fee structure utilised by Zodia Custody Limited and its affiliated entities (collectively, \"Zodia\") when providing services to our clients.","u":"https://zodia-custody.com/pricing/","d":"2026-09-29"}},"fidelity_digital_assets":{"custody_legal_entity_licence":{"s":8,"q":"OCC Control Number 2025-Combination-343797, Resulting Charter Number 25398 | The OCC hereby grants conditional approval of the Application upon determining that the proposal meets certain regulatory and policy requirements.","u":"https://www.occ.gov/news-issuances/news-releases/2025/nr-occ-2025-125d.pdf","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":7,"q":"Digital Assets in the Digital Asset Custody Account will be held through an omnibus wallet structure along with the Digital Assets of other customers of the Custodian | The Custodian shall on its books and records segregate all Digital Assets from the proprietary property of the Custodian; provided…","u":"https://www.sec.gov/Archives/edgar/data/2007691/000118518526002704/ionicdigiex10-12.htm","d":"2026-09-29"},"insurance_as_written":{"s":3,"q":"THE CLIENT ACCEPTS THAT DIGITAL ASSETS ARE NOT SUBJECT TO THE PROTECTIONS OR INSURANCE PROVIDED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR THE SECURITIES INVESTOR PROTECTION CORPORATION.","u":"https://www.sec.gov/Archives/edgar/data/2007691/000118518526002704/ionicdigiex10-12.htm","d":"2026-09-29"},"pre_sales_price_visibility":{"s":5,"q":"Up to $25,000,000 30 bps | Between $25,000,000 and $100,000,000 25 bps | Greater than $100,000,000 15 bps | Custody charge accrues daily | Trade Orders 20 bps of the notional USD trade value of each executed Trade Order","u":"https://www.sec.gov/Archives/edgar/data/2007691/000118518526002704/ionicdigiex10-12.htm","d":"2026-09-29"}},"komainu":{"custody_legal_entity_licence":{"s":6,"q":"Reference : VL/23/08/001 | Licensed Activities : VA Custody Services [including custodial staking and collateral wallet services] | Licence Condition : Permitted to serve Institutional Investors and Qualified Investors. | Status : Active","u":"https://www.vara.ae/en/licenses-and-register/public-register/komainu-mea-fze/","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":4,"q":"Client assets are held off-balance sheet, in bankruptcy-remote segregated on-chain wallets | Komainu's off-balance-sheet structure provides bankruptcy remoteness, ensuring your assets are protected | Komainu's legal framework and on-chain segregation ensure your assets are independently verifiable","u":"https://komainu.com/services/custody/","d":"2026-09-29"},"insurance_as_written":{"s":2,"q":"Komainu is into its fourth year of purchasing insurance coverage and progress is being made in the market. | The existence of coverage also does not guarantee that there will be a full payout in the event of a loss, exclusions exist under insurance policies | policies will often reflect only a…","u":"https://komainu.com/insights/digital-asset-custody-insurance/","d":"2026-09-29"},"pre_sales_price_visibility":{"s":1,"q":"Client assets are held off-balance sheet, in bankruptcy-remote segregated on-chain wallets","u":"https://komainu.com/services/custody/","d":"2026-09-29"}},"gemini_custody":{"custody_legal_entity_licence":{"s":8,"q":"Gemini Trust Company, LLC NY Entity No: 5002896 | Anywhere but UK, EEA, Australia & Singapore | For customers of Gemini Trust Company, LLC, we are a New York State-chartered limited purpose trust company that is authorized under Article III § 96 of the New York Banking Law to provide custodial…","u":"https://www.gemini.com/legal/custody-agreement","d":"2026-09-29"},"insolvency_survival_mechanism":{"s":8,"q":"Based on the terms of the Company's user agreement, the structure of its crypto offerings, and applicable law, and after consultation with internal and external legal counsel, the Company believes that the cryptocurrency it holds in custody for users should be considered their property.","u":"https://www.sec.gov/Archives/edgar/data/2055592/000205559226000026/gemi-20251231.htm","d":"2026-09-29"},"insurance_as_written":{"s":6,"q":"The Company engages Nakamoto, Ltd., an affiliated captive insurer, along with another carrier, to provide $ 25.0 million in crime insurance coverage for crypto assets held in Gemini's hot wallet, and various third party insurance carriers to provide $ 100.0 million in insurance specie coverage for…","u":"https://www.sec.gov/Archives/edgar/data/2055592/000205559226000026/gemi-20251231.htm","d":"2026-09-29"},"pre_sales_price_visibility":{"s":9,"q":"Custody Fee 0.4% or $30 per month per asset, whichever is higher starting September 1st 2022 | Customers will incur the % annualized Custody Fee or minimum monthly fee of $30 per asset type, whichever is higher. | Minimum Balance None | Setup Fee Waived | Administrative Withdrawal Fee $125","u":"https://www.gemini.com/fees/custody-fee-schedule","d":"2026-09-29"}}}}