Anchorage Digital vs Liminal Custody

Anchorage Digital4.1/5

VS

Liminal Custody3.0/5

Feature	Anchorage DigitalVisit	Liminal CustodyVisit
Ratings
Our score	4.1/5	3.0/5
User rating	No reviews yet	No reviews yet
Security	4.0	2.5
Compliance	4.0	2.0
Asset support	4.0	3.5
Features	4.5	4.0
Support	4.0	3.5
Specs
KYC required	Not disclosed	Yes
Custody model	Qualified custodian, HSM, Self-custody software	MPC, Multi-sig, HSM, Self-custody software
Clients	Institutions, Funds, Corporates, High-net-worth	Institutions, Funds, Corporates, High-net-worth
Regulated	Yes	Not disclosed
SOC 2 report	Yes	Yes
Assets supported	Not disclosed	1,200
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)	Not disclosed
MPC	Not disclosed	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	2017	2021
Headquarters	United States	Singapore
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	1,200+ supported tokens across 20 documented chains MPC and multisig wallets plus a Securosys-based HSM vault on one platform SOC 2 Type II report and ISO/IEC 27001 and 27701 certifications Staking from cold wallets through Figment-powered validators
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August 2025 No EU authorization yet; the Irish MiCA application was announced in October 2026	ADGM custody permission withdrawn in March 2025, and the Dubai entity is absent from VARA's license register Singapore custody entity is exempt under the Payment Services Act, not fully licensed Only insurance on record is a 2022 $50M key-loss policy shared among clients About $235M was stolen from a WazirX multisig wallet on the platform in 2024, with the two firms disputing the cause
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	Crypto exchanges running their own hot, warm and cold wallets, OTC desks and fintechs that need wallet-as-a-service with policy controls, Banks testing hybrid MPC and HSM cold custody

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