Anchorage Digital vs Sygnum Bank

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

Feature
Ratings
Our score4.1/53.8/5
User ratingNo reviews yetNo reviews yet
Security4.03.5
Compliance4.04.5
Asset support4.03.0
Features4.54.0
Support4.04.0
Specs
Custody modelQualified custodian, HSM, Self-custody softwareQualified custodian
ClientsInstitutions, Funds, Corporates, High-net-worthInstitutions, Funds, High-net-worth
Regulated Yes Yes
SOC 2 report YesNot disclosed
Staking YesNot disclosed
API access YesNot disclosed
Licenses & chartersOCC national trust bank charter (US), NYDFS BitLicense (US), MAS Major Payment Institution license (Singapore), NFA introducing broker registration (US)FINMA banking and securities dealer license (Switzerland), MAS Capital Markets Services license (Singapore), MAS Major Payment Institution license (Singapore), ADGM FSRA Financial Services Permission (UAE), MiCA CASP authorization (Liechtenstein)
Cold storage YesNot disclosed
Qualified custodian Yes Yes
Company
Founded20172018
HeadquartersUnited StatesSwitzerland
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
  • FINMA bank license since 2019, plus MAS, ADGM and MiCA authorizations
  • Protect off-exchange custody passed $1 billion in assets in March 2026
  • MiCA passport to all 30 EEA states since June 2026
  • PwC ISAE 3402 Type 2 and ISAE 3000 assurance on the custody platform
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 is bank-held, so clients depend on Sygnum's key management
  • EU MiCA authorization arrived in June 2026, after a Q1 2025 target
  • Board and executive changes at the 2026 annual meeting
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-exchangeHedge funds and trading firms that want exchange collateral held at a bank, High-net-worth clients and family offices seeking bank custody for crypto, Banks adding digital asset services through a partner bank

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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