BitGo vs Taurus

BitGo4.5/5

VS

Taurus4.0/5

Feature	BitGoVisit	TaurusVisit
Ratings
Our score	4.5/5	4.0/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Compliance	4.5	3.5
Asset support	4.5	4.0
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, MPC, Self-custody software
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Institutions, Corporates
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	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)	FINMA securities firm license (Switzerland), CySEC MiFID investment firm license (Cyprus)
MPC	Yes	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	2013	2018
Headquarters	United States	Switzerland
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	Client banks keep keys in FIPS 140-2 Level 3 HSMs they own and operate Fully on-premises, hybrid or managed deployment Deloitte ISAE 3402 Type II audit for a fourth straight year (May 2025) plus ISO/IEC 27001 Clients can review the source code, and Taurus commissions at least 10 external security tests a year
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	PROTECT clients act as their own custodian and carry key operations and regulatory duties MiCA license still pending, and the CySEC license dates only from March 2026 Security page lists no SOC 2 report Taurus SA holds a securities firm license rather than a bank license
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 building in-house crypto custody, Broker-dealers and neobanks adding digital assets, Market infrastructure firms issuing tokenized securities

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