Anchorage Digital vs First Digital Trust

Anchorage Digital4.1/5

VS

First Digital Trust2.7/5

Feature	Anchorage DigitalVisit	First Digital TrustVisit
Ratings
Our score	4.1/5	2.7/5
User rating	No reviews yet	No reviews yet
Security	4.0	2.5
Compliance	4.0	2.5
Asset support	4.0	2.5
Features	4.5	3.0
Support	4.0	3.0
Specs
Custody model	Qualified custodian, HSM, Self-custody software	Not disclosed
Clients	Institutions, Funds, Corporates, High-net-worth	Not disclosed
Regulated	Yes	Not disclosed
SOC 2 report	Yes	Not disclosed
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)	Companies Registry TCSP license (Hong Kong), Trustee Ordinance trust company registration (Hong Kong)
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	Not disclosed
Company
Founded	2017	2019
Headquarters	United States	Hong Kong
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	Hong Kong trust company that holds client assets in segregated accounts Custodian of FDUSD reserves, with monthly attestations by an independent accounting firm Company states it holds SOC 1 Type 2 and SOC 2 Type 2 reports and ISO 27001 certification Pending Nasdaq listing requires an SEC registration statement with audited financials
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	Hong Kong TCSP license is an AML license from the Companies Registry, without HKMA or SFC supervision Techteryx alleges about $456 million of TUSD reserves held by the firm were diverted to Aria Commodities DMCC Fiscal 2024 filings showed negative net assets of HK$101 million FDUSD fell nearly 10% below its peg after Justin Sun's April 2025 insolvency claims
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	Asian stablecoin issuers that need a reserve custodian, Fintechs and payment firms seeking a Hong Kong trustee, Family offices using trust and escrow services in Hong Kong

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.

More comparisons