BitGo vs Komainu

BitGo4.5/5

VS

Komainu3.9/5

Feature	BitGoVisit	KomainuVisit
Ratings
Our score	4.5/5	3.9/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Compliance	4.5	4.0
Asset support	4.5	4.5
Features	4.5	3.5
Support	4.5	3.5
Specs
KYC required	Yes	Not disclosed
Custody model	Qualified custodian, Multi-sig, MPC, HSM, Self-custody software	Qualified custodian, MPC, HSM
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Institutions, Funds
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Insurance	Up to $250M for assets where BitGo Bank & Trust holds all keys (Lloyd's of London and European market syndicate)	Up to $820M of specie capacity for clients to buy their own ring-fenced cover, alongside Komainu's own insurance program
Assets supported	1,770	6,000
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	OCC 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)	JFSC fund services custodian registration (Jersey), JFSC virtual asset service provider registration (Jersey), VARA VASP license, virtual asset custody (Dubai, UAE), FCA MLR cryptoasset registration (UK)
MPC	Yes	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	2013	2018
Headquarters	United States	Jersey
Investors	Valor Equity Partners, Redpoint Ventures, Public, Galaxy Digital +1	Not disclosed
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	JFSC custodian and depositary registration plus a VARA VASP custody license in Dubai SOC 1 Type II and SOC 2 Type II attestations with ISO 27001 certification HSM and MPC options, including air-gapped wallets that sign by QR code Custody for 6,000+ tokens on 40+ blockchains in bankruptcy-remote, segregated wallets
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	The $820M specie capacity is cover that clients buy for themselves Licensed entities only in Jersey, Dubai and the UK, with no EU or US company Staking covers eight assets, a short list next to 40+ custody blockchains
Best for	Funds 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 API	ETP issuers that need a JFSC-regulated custodian, Asset managers issuing tokenized fund share classes, Trading firms using custody-held collateral on Deribit or Bybit

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