Anchorage Digital vs Kraken Custody

Anchorage Digital4.1/5

VS

Kraken Custody4.0/5

Feature	Anchorage DigitalVisit	Kraken CustodyVisit
Ratings
Our score	4.1/5	4.0/5
User rating	No reviews yet	No reviews yet
Security	4.0	3.5
Compliance	4.0	4.0
Asset support	4.0	4.5
Features	4.5	4.5
Support	4.0	4.0
Specs
Custody model	Qualified custodian, HSM, Self-custody software	Qualified custodian, MPC, HSM
Clients	Institutions, Funds, Corporates, High-net-worth	Institutions, Corporates, High-net-worth
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Assets supported	Not disclosed	200
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	OCC national trust bank charter (US), NYDFS BitLicense (US), MAS Major Payment Institution license (Singapore), NFA introducing broker registration (US)	Wyoming Division of Banking SPDI bank charter (US), Central Bank of Ireland MiCA CASP authorization (Ireland)
MPC	Not disclosed	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Yes
Company
Founded	2017	2011
Headquarters	United States	US
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	Kraken Financial holds a Wyoming SPDI charter, and Kraken says it meets the SEC Custody Rule's qualified custodian definition Federal Reserve master account since March 4, 2026, with direct Fedwire access Central Bank of Ireland MiCA authorization covers custody for EEA clients More than 200 custody assets, including tokenized stocks, ETFs and Centrifuge's JAAA
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	Custody launched in March 2024, so the operating record is short US custody is limited to certain states, and vaults are reached only through the web Parent Payward paid $30 million in 2023 to settle SEC charges over a staking-as-a-service program The OCC national trust charter for Payward National Trust Company is still an application
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	Trading firms that want custody assets to back Kraken Prime credit, Stablecoin issuers and treasury companies that need segregated, bankruptcy-remote reserves, EEA firms that need MiCA-authorized custody from an Irish entity

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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