Cobo vs Fireblocks

Cobo3.6/5

VS

Fireblocks4.3/5

Feature	CoboVisit	FireblocksVisit
Ratings
Our score	3.6/5	4.3/5
User rating	No reviews yet	No reviews yet
Security	3.5	4.0
Compliance	2.5	4.0
Asset support	4.5	5.0
Features	4.5	4.5
Support	3.5	4.0
Specs
KYC required	Yes	Not disclosed
Custody model	MPC, HSM, Self-custody software	Qualified custodian, MPC, HSM, Self-custody software
Clients	Institutions, Funds, Corporates	Institutions, Funds, Corporates
Regulated	Not disclosed	Yes
SOC 2 report	Yes	Yes
Assets supported	3,000	Not disclosed
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	Not disclosed	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 custodian	Not disclosed	Yes
Company
Founded	2017	—
Headquarters	Singapore	United States
Investors	Not disclosed	D1 Capital Partners, Spark Capital
Strengths and weaknesses
Pros	Published Starter and Standard plans at $299 and $999 a month, with no cap on assets under custody More than 3,000 tokens across 80+ chains through one WaaS 2.0 API Custodial keys protected by HSMs and Intel SGX, with about 95% of funds in cold wallets MPC wallets in which no single party, Cobo included, holds a complete key	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	The custody license Cobo cites is a Hong Kong TCSP license; Singapore and Middle East licensing was still in progress in November 2025 Custodial wallets and 24/7 support require the custom-priced Enterprise plan Custodial wallets cover fewer assets, 70+ chains and 2,000+ tokens, than the headline figures	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	Exchanges and brokers that need custodial and MPC wallets behind one API, Payment and fintech companies building wallets for their own customers, Trading firms that want off-exchange settlement through SuperLoop	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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