DFNS vs Fireblocks

DFNS3.5/5

VS

Fireblocks4.3/5

Feature	DFNSVisit	FireblocksVisit
Ratings
Our score	3.5/5	4.3/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.0
Compliance	2.5	4.0
Asset support	4.0	5.0
Features	4.0	4.5
Support	3.5	4.0
Specs
Custody model	MPC, HSM, Self-custody software	Qualified custodian, MPC, HSM, Self-custody software
Clients	Institutions, Corporates	Institutions, Funds, Corporates
Regulated	No	Yes
SOC 2 report	Yes	Yes
Insurance	$15M per year cyber, E&O and crime cover for DFNS itself (Beazley, Munich Re); DFNS holds no client assets	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	Not disclosed	Yes
Qualified custodian	No	Yes
Company
Founded	2020	—
Headquarters	France	United States
Investors	Not disclosed	D1 Capital Partners, Spark Capital
Strengths and weaknesses
Pros	KPMG renewed its SOC 2 Type II report for 2024 with no exceptions noted Named third-party pentests and audits every year since 2021 Keys can run on MPC, HSMs, TEEs or bring-your-own-key, hosted or on premises Published pricing from $800 a year and a 30-day free testnet sandbox	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	Holds no license and takes no custody, so clients carry custody and regulatory duties The $15 million insurance is corporate cyber, E&O and crime cover for DFNS itself Marketing claims 100+ blockchains while the documentation names 59 networks	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 licensed custodians building in-house custody, Fintechs embedding wallets and stablecoin payments, Institutions that must keep keys in their own HSMs or data centers	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

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons