BitGo vs Utila

BitGo4.5/5

VS

Utila3.7/5

Feature	BitGoVisit	UtilaVisit
Ratings
Our score	4.5/5	3.7/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Compliance	4.5	2.5
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	MPC, 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)	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)	Not disclosed
MPC	Yes	Yes
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	No
Company
Founded	2013	2022
Headquarters	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	Published Starter plan at $799 per month with all chains included Two-party MPC with offline recovery controlled by the client's administrator 41 mainnets plus custom EVM networks Utila Link counterparty network and licensed partners for MiCA and US coverage
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	No license or charter of its own Utila's key share takes part in every signature SOC 2 Type II and audit claims are self-published Short operating history since its 2022 founding
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	Fintechs and PSPs running stablecoin payments, Trading firms that need automated MPC signing through an API, Stablecoin and token issuers managing treasury wallets

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