Anchorage Digital vs Ledger Enterprise

How Anchorage Digital vs Ledger Enterprise compare on our ratings, custodian specs, funding, pros and cons.

Feature
Ratings
Our score4.1/53.9/5
User ratingNo reviews yetNo reviews yet
Security4.04.5
Compliance4.02.5
Asset support4.04.5
Features4.54.5
Support4.04.0
Specs
Custody modelQualified custodian, HSM, Self-custody softwareHSM, Multi-sig, Self-custody software
ClientsInstitutions, Funds, Corporates, High-net-worthInstitutions, Funds, Corporates
Regulated YesNot disclosed
SOC 2 report YesNot disclosed
InsuranceNot disclosedAdd-on specie policies via a program underwritten by Arch Insurance (UK) Ltd; some clients covered up to $750M
Assets supportedNot disclosed5,000
Staking Yes Yes
API access Yes Yes
Licenses & chartersOCC national trust bank charter (US), NYDFS BitLicense (US), MAS Major Payment Institution license (Singapore), NFA introducing broker registration (US)Not disclosed
Cold storage YesNot disclosed
Qualified custodian Yes No
Company
Founded20172014
HeadquartersUnited StatesFrance
InvestorsTether, KKR, GICNot 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
  • Keys generated and used inside FIPS 140-2 Level 3 HSMs, with quorum rules enforced in firmware
  • Clear Signing on Ledger devices for every approval
  • Tradelink off-exchange settlement with custodians including Komainu and Tangany
  • Over 5,000 coins and tokens, with full staking access on six networks
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
  • Holds no custody license, so regulated custody needs a partner
  • SOC 2 Type 2 is self-reported in an FAQ; ISO 27001 still in progress
  • Each approver needs Ledger hardware, and the iOS app requires a Ledger Stax
Best forETF 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-exchangeBanks and custodians building their own digital asset custody service, Exchanges that want wallet policies enforced in hardware, Asset managers trading off-exchange through Tradelink

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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