Ceffu vs Fireblocks

How Ceffu vs Fireblocks compare on our ratings, custodian specs, funding, pros and cons.

Ceffu3.4/5
VS
Feature
Ratings
Our score3.4/54.3/5
User ratingNo reviews yetNo reviews yet
Security3.54.0
Compliance3.54.0
Asset support3.05.0
Features4.04.5
Support3.04.0
Specs
KYC required YesNot disclosed
Custody modelQualified custodian, MPCQualified custodian, MPC, HSM, Self-custody software
ClientsInstitutions, Funds, CorporatesInstitutions, Funds, Corporates
Regulated Yes Yes
SOC 2 report Yes Yes
Staking Yes Yes
API access Yes Yes
Licenses & chartersVARA VASP license for custody services (Dubai, UAE), GFSO financial services license (Gelephu, Bhutan)NYDFS limited purpose trust charter (US), FinCEN MSB registration (US), State money transmitter licenses in 37 states and DC (US)
MPC Yes Yes
Cold storage Yes Yes
Qualified custodianNot disclosed Yes
Company
Founded2021—
Headquarters—United States
InvestorsNot disclosedD1 Capital Partners, Spark Capital
Strengths and weaknesses
Pros
  • Full VARA custody license since October 2025 and a GFSO license in Bhutan since June 2026
  • MirrorX and MirrorRSV keep collateral in custody while clients trade on Binance, and MirrorX also connects to KuCoin Institutional
  • Dedicated cold-storage addresses for each client, verifiable on-chain
  • SOC 2 Type 2 attestation plus ISO 27001 and ISO 27701 certifications
  • 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
  • Settlement products still center on Binance
  • SEC filings in 2022 and 2023 tied the company that ran Ceffu to Changpeng Zhao, while Ceffu says it is not a Binance entity
  • Custody fee tiers are quoted by account managers instead of published
  • Prime Wallet, MirrorX, MirrorRSV and staking are not offered to UAE residents
  • 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 forTrading firms that execute on Binance and want assets held off the exchange, Crypto ETP issuers on SIX Swiss Exchange that need an approved custodian, Institutional and qualified investors in or from DubaiExchanges 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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