BitGo vs Ledger Enterprise

BitGo4.5/5

VS

Ledger Enterprise3.9/5

Feature	BitGoVisit	Ledger EnterpriseVisit
Ratings
Our score	4.5/5	3.9/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.5
Compliance	4.5	2.5
Asset support	4.5	4.5
Features	4.5	4.5
Support	4.5	4.0
Specs
KYC required	Yes	Not disclosed
Custody model	Qualified custodian, Multi-sig, MPC, HSM, Self-custody software	HSM, Multi-sig, Self-custody software
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Institutions, Funds, Corporates
Regulated	Yes	Not disclosed
SOC 2 report	Yes	Not disclosed
Insurance	Up to $250M for assets where BitGo Bank & Trust holds all keys (Lloyd's of London and European market syndicate)	Add-on specie policies via a program underwritten by Arch Insurance (UK) Ltd; some clients covered up to $750M
Assets supported	1,770	5,000
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)	Not disclosed
MPC	Yes	Not disclosed
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	No
Company
Founded	2013	2014
Headquarters	United States	France
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	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	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	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 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	Banks and custodians building their own digital asset custody service, Exchanges that want wallet policies enforced in hardware, Asset managers trading off-exchange through Tradelink

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