Bitpanda Custody vs Fireblocks

Bitpanda Custody3.6/5

VS

Fireblocks4.3/5

Feature	Bitpanda CustodyVisit	FireblocksVisit
Ratings
Our score	3.6/5	4.3/5
User rating	No reviews yet	No reviews yet
Security	3.5	4.0
Compliance	4.0	4.0
Asset support	3.0	5.0
Features	4.0	4.5
Support	3.5	4.0
Specs
Custody model	Qualified custodian, HSM, Self-custody software	Qualified custodian, MPC, HSM, Self-custody software
Clients	Not disclosed	Institutions, Funds, Corporates
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	VARA VASP license for custody services (UAE), FMA MiCA CASP authorization (Austria), BaFin MiCA CASP authorization (Germany), MFSA MiCA CASP authorization (Malta), FCA cryptoasset registration (UK)	NYDFS limited purpose trust charter (US), FinCEN MSB registration (US), State money transmitter licenses in 37 states and DC (US)
MPC	Not disclosed	Yes
Cold storage	Yes	Yes
Qualified custodian	Not disclosed	Yes
Company
Founded	2018	—
Headquarters	—	United States
Investors	Not disclosed	D1 Capital Partners, Spark Capital
Strengths and weaknesses
Pros	VARA custody license in Dubai plus MiCA custody authorizations in Austria, Germany and Malta Keys generated and used only in FIPS 140-2 Level 3 HSMs, with an air-gapped option Same stack available as custodial SaaS or as a non-custodial on-premises install SOC 2 Type II audit and ISO 27001-certified security management	Qualified custody through NYDFS-chartered Fireblocks Trust alongside self-custody software Thousands of assets across more than 200 blockchains SOC 2 Type 2 with zero material findings, plus ISO 27001 and CCSS QSP Level 3 Air-gapped MPC cold wallet and an HSM option (KeyLink) for banks
Cons	Named network support is limited to Bitcoin, Ethereum, Solana, BNB Smart Chain, XDC and EVM layer 2s HSM-only key model with no MPC signing The contracting entity and license vary with the client's jurisdiction Leadership turnover: the founder left the board in 2025 and the group CEO departs in 2027	Key-loss claims from StakeHound and the Celsius plan administrator Licenses are US-only, with no MiCA or other non-US authorization listed Custom plans start at $36,000 a year
Best for	Banks and brokers in the EU, UK and UAE that need a licensed custodian, Institutions that want to run HSM signing in their own data centers, Fintechs already using Bitpanda's investment or payments infrastructure	Exchanges and payment companies building in-house custody, Funds and RIAs that need a New York qualified custodian, Fintechs launching embedded or white-label wallets

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