Anchorage Digital vs BNY Digital Asset Custody

How Anchorage Digital vs BNY Digital Asset Custody compare on our ratings, custodian specs, funding, pros and cons.

Feature	Anchorage Digital Visit	BNY Digital Asset Custody Visit
Ratings
Our score	4.1/5	3.2/5
User rating	No reviews yet	No reviews yet
Security	4.0	3.5
Compliance	4.0	4.0
Asset support	4.0	1.5
Features	4.5	2.5
Support	4.0	4.0
Specs
Custody model	Qualified custodian, HSM, Self-custody software	Qualified custodian, MPC
Clients	Institutions, Funds, Corporates, High-net-worth	Institutions, Funds, Corporates
Regulated	Yes	Yes
SOC 2 report	Yes	Not disclosed
Insurance	Not disclosed	Parent-company insurance for events such as theft or fraud, shared across all custody clients; excludes market losses (MSBT prospectus, 2026)
Staking	Yes	Not disclosed
API access	Yes	Not disclosed
Licenses & charters	OCC national trust bank charter (US), NYDFS BitLicense (US), MAS Major Payment Institution license (Singapore), NFA introducing broker registration (US)	NYDFS state bank charter, Federal Reserve member (US), NBB MiCA crypto custody notification (Belgium)
MPC	Not disclosed	Yes
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	Yes
Company
Founded	2017	1784
Headquarters	United States	United States
Investors	Tether, KKR, GIC	Not disclosed
Strengths and weaknesses
Pros	Custody at an OCC-chartered national trust bank, in place since January 2021 SOC 1 Type 2 and SOC 2 Type 2 reports, with SOC 2 examinations since 2021 Staking and governance voting on 20+ networks without assets leaving custody Atlas settlement supports off-exchange trading on Binance from custody	Crypto is held by The Bank of New York Mellon, a New York state-chartered Federal Reserve member bank EU service through BNY SA/NV, listed in ESMA's MiCA register with 30 EEA host countries MPC key management with segregated client wallets Named bitcoin custodian, administrator and transfer agent for the Morgan Stanley Bitcoin Trust
Cons	No insurance policy for digital assets appears in its custody disclosures OCC consent order over BSA/AML deficiencies ran from April 2022 to August 2025 No EU authorization yet; the Irish MiCA application was announced in October 2026	Only four assets: BTC, ETH, SOL and USDC Staking with Galaxy was announced in August 2026 subject to regulatory review The MSBT prospectus lists a SOC 1 Type 1 report as BNY's current audit report MiCA scope in the EU covers custody and transfer only
Best for	ETF issuers and asset managers that want a federally chartered custodian, Funds that stake or vote without moving assets out of custody, Trading firms using Binance with collateral held off-exchange	Asset managers and ETF sponsors that already use BNY for fund services, EU banks and broker-dealers that want a bank custodian listed under MiCA, Corporate treasuries holding bitcoin, ether, Solana or USDC

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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