BitGo vs Prometheum Capital

BitGo4.5/5

VS

Prometheum Capital2.8/5

Feature	BitGoVisit	Prometheum CapitalVisit
Ratings
Our score	4.5/5	2.8/5
User rating	No reviews yet	No reviews yet
Security	4.5	2.5
Compliance	4.5	3.5
Asset support	4.5	1.5
Features	4.5	3.5
Support	4.5	3.0
Specs
KYC required	Yes	Yes
Custody model	Qualified custodian, Multi-sig, MPC, HSM, Self-custody software	Qualified custodian
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Not disclosed
Regulated	Yes	Yes
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)	Not disclosed
Assets supported	1,770	Not disclosed
Staking	Yes	Not disclosed
API access	Yes	Not disclosed
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)	SEC/FINRA special purpose broker-dealer (US), SEC/FINRA broker-dealer operating an ATS (US), SEC/FINRA issuance broker-dealer (US), SEC transfer agent registration (US)
MPC	Yes	Not disclosed
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	Yes
Company
Founded	2013	2017
Headquarters	United States	United States
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	Crypto custody inside an SEC-registered, FINRA member broker-dealer under Rule 15c3-3 Correspondent clearing lets broker-dealers hold ETH in ordinary brokerage accounts Group includes an issuance broker-dealer, an ATS and an SEC-registered transfer agent No BrokerCheck disclosures for Prometheum Capital or Prometheum ATS
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	Narrow crypto coverage, with ETH the only token named in 2026 releases Assets are not SIPC or FDIC insured, per company disclosures Custody technology is described only in general terms A 2023 congressional letter questioned past ties to Wanxiang and HashKey
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	US introducing broker-dealers adding crypto to client brokerage accounts, Self-clearing broker-dealers that want omnibus crypto custody, Issuers planning tokenized funds or equities in the US

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