BitGo vs Zodia Custody

BitGo4.5/5

VS

Zodia Custody3.8/5

Feature	BitGoVisit	Zodia CustodyVisit
Ratings
Our score	4.5/5	3.8/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Compliance	4.5	4.0
Asset support	4.5	3.0
Features	4.5	4.0
Support	4.5	4.0
Specs
KYC required	Yes	Not disclosed
Custody model	Qualified custodian, Multi-sig, MPC, HSM, Self-custody software	Qualified custodian, HSM
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Institutions, Funds, Corporates
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)	$100M digital asset custody policy (no retention), plus $55M crime, $10M professional indemnity and $275M cyber cover
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)	CSSF MiCA CASP authorization (Luxembourg), CSSF payment institution license (Luxembourg), FCA cryptoasset registration under MLRs (UK), ADGM FSRA Financial Services Permission (UAE), Companies Registry TCSP license (Hong Kong)
MPC	Yes	Not disclosed
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	2013	2020
Headquarters	United States	United Kingdom
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	Shareholders include Standard Chartered, Northern Trust, SBI Holdings, NAB and Emirates NBD CSSF MiCA authorization since December 2025, plus a payment institution license for e-money tokens Published insurance limits, including a $100M custody policy with no retention and $275M cyber cover Interchange settlement with Deribit and LMAX Digital while assets stay in cold storage
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	Standard Chartered takeover still needs regulatory approval, and the software arm is splitting off UK entity holds only an FCA anti-money laundering registration, with no FOS or FSCS protection Listed SOC 2 report is Type I, not Type II Only 78 listed tokens and no public fee schedule
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	Asset managers and ETP issuers that need MiCA-authorized custody in the EU, Trading firms settling off-exchange with venues on Interchange, Banks and wealth managers that want a bank-backed custodian

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