Fireblocks vs Kraken Custody

Fireblocks4.3/5

VS

Kraken Custody4.0/5

Feature	FireblocksVisit	Kraken CustodyVisit
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, MPC, HSM
Clients	Institutions, Funds, Corporates	Institutions, Corporates, High-net-worth
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Assets supported	Not disclosed	200
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)	Wyoming Division of Banking SPDI bank charter (US), Central Bank of Ireland MiCA CASP authorization (Ireland)
MPC	Yes	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Yes
Company
Founded	—	2011
Headquarters	United States	US
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	Kraken Financial holds a Wyoming SPDI charter, and Kraken says it meets the SEC Custody Rule's qualified custodian definition Federal Reserve master account since March 4, 2026, with direct Fedwire access Central Bank of Ireland MiCA authorization covers custody for EEA clients More than 200 custody assets, including tokenized stocks, ETFs and Centrifuge's JAAA
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	Custody launched in March 2024, so the operating record is short US custody is limited to certain states, and vaults are reached only through the web Parent Payward paid $30 million in 2023 to settle SEC charges over a staking-as-a-service program The OCC national trust charter for Payward National Trust Company is still an application
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	Trading firms that want custody assets to back Kraken Prime credit, Stablecoin issuers and treasury companies that need segregated, bankruptcy-remote reserves, EEA firms that need MiCA-authorized custody from an Irish entity

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