BitGo vs Fideum

How BitGo vs Fideum compare on our ratings, custodian specs, funding, pros and cons.

BitGo4.5/5
VS
Fideum2.3/5
Feature
Ratings
Our score4.5/52.3/5
User ratingNo reviews yetNo reviews yet
Security4.52.5
Compliance4.51.5
Asset support4.52.0
Features4.53.5
Support4.52.5
Specs
KYC required Yes Yes
Custody modelQualified custodian, Multi-sig, MPC, HSM, Self-custody softwareNot disclosed
ClientsInstitutions, Funds, Corporates, High-net-worth, RetailInstitutions, Funds, Corporates
Regulated YesNot disclosed
SOC 2 report YesNot disclosed
InsuranceUp to $250M for assets where BitGo Bank & Trust holds all keys (Lloyd's of London and European market syndicate)Not disclosed
Assets supported1,770Not disclosed
Staking Yes Yes
API access Yes Yes
Licenses & chartersOCC national trust bank charter (US), NYDFS limited purpose trust charter (US), FinCEN MSB registration and state MTLs (US), SEC broker-dealer registration (US), BaFin MiCA CASP authorization (Germany), VQF SRO membership under FINMA oversight (Switzerland), VARA custody license (Dubai, UAE), VARA broker-dealer license (Dubai, UAE), MAS Major Payment Institution license (Singapore), FINTRAC foreign MSB registration (Canada)Not disclosed
MPC YesNot disclosed
Cold storage YesNot disclosed
Qualified custodian Yes No
Company
Founded2013—
HeadquartersUnited StatesUnited Kingdom
InvestorsValor Equity Partners, Redpoint Ventures, Public, Galaxy Digital +1Valereum PLC
Strengths and weaknesses
Pros
  • Up to $250M insurance from a Lloyd's and European market syndicate where BitGo holds all keys
  • Qualified custody fully backed by cold storage, with over 95% of client assets held cold at the end of 2025
  • Licensed by the OCC, NYDFS, BaFin under MiCA, Dubai's VARA and Singapore's MAS
  • Over 1,770 supported assets as of December 31, 2025
  • Custody software, trading APIs, staking and payment orchestration under one contract and API
  • June 2026 Terms spell out roles: Fideum licenses software and the client safeguards signing material
  • Website cites MPC custody, HSM-backed keys and offline cold wallets paired with warm wallets
  • KYC, KYB, AML screening and Travel Rule tools sit on the same platform
Cons
  • Material weaknesses in internal control over financial reporting disclosed in its FY2025 10-K
  • Securities class action filed in June 2026, and the Galaxy Digital suit was awaiting a ruling as of August 2026
  • COO left in October 2026 and the CFO is transitioning out
  • Insurance excludes hot wallets and setups where clients hold keys
  • Website and Terms name no regulator, license type or registration number
  • Terms state Fideum is not a custodian of record, and the custodians it integrates are unnamed
  • Insurance and SOC controls are mentioned without a carrier, limit, report or auditor
  • No published list of supported assets or networks
Best forFunds and ETF issuers needing a long asset list and published insurance, Global firms that want licensed entities in the US, EU, Dubai and Singapore, Exchanges and fintechs building wallets on an APIFintechs and brokerages adding custody, trading and staking through one API, Banks and credit unions that already contract a licensed custodian and want key-management software, Payment firms settling in stablecoins and fiat across Fideum's 11 listed currencies

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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