Fireblocks vs Hex Trust

Fireblocks4.3/5

VS

Hex Trust4.0/5

Feature	FireblocksVisit	Hex TrustVisit
Ratings
Our score	4.3/5	4.0/5
User rating	No reviews yet	No reviews yet
Security	4.0	3.5
Compliance	4.0	4.0
Asset support	5.0	4.5
Features	4.5	4.5
Support	4.0	4.0
Specs
Custody model	Qualified custodian, MPC, HSM, Self-custody software	Qualified custodian, HSM
Clients	Institutions, Funds, Corporates	Not disclosed
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Insurance	Not disclosed	Up to $25M in aggregate across all clients (custodian fraud, physical loss of private keys)
Assets supported	Not disclosed	501
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	NYDFS limited purpose trust charter (US), FinCEN MSB registration (US), State money transmitter licenses in 37 states and DC (US)	MAS Major Payment Institution license (Singapore), VARA VASP license, custody (Dubai, UAE), VARA VASP license, broker-dealer (Dubai, UAE), Trustee Ordinance trust company registration (Hong Kong), Companies Registry TCSP license (Hong Kong)
MPC	Yes	Not disclosed
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	—	2018
Headquarters	United States	—
Investors	D1 Capital Partners, Spark Capital	Not disclosed
Strengths and weaknesses
Pros	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	501 assets across 31 blockchains on Hex Safe SOC 2 Type II and SOC 1 Type II reports, plus CSA STAR Level 2 MAS Major Payment Institution license and two active VARA licenses FIPS 140-3 Level 3 HSMs in air-gapped vaults behind data diodes
Cons	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	Insurance capped at $25 million in aggregate across all clients No EU license listed on the current Trust Center Newest listed SOC report dates from December 2023
Best for	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	Token foundations that want custody, staking and DeFi access from one provider, Institutions in Asia and the Gulf that need MAS- or VARA-licensed custody, High-net-worth clients of the Aura wealth platform

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