Fireblocks vs Ledger Enterprise

Fireblocks4.3/5

VS

Ledger Enterprise3.9/5

Feature	FireblocksVisit	Ledger EnterpriseVisit
Ratings
Our score	4.3/5	3.9/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.5
Compliance	4.0	2.5
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	HSM, Multi-sig, Self-custody software
Clients	Institutions, Funds, Corporates	Institutions, Funds, Corporates
Regulated	Yes	Not disclosed
SOC 2 report	Yes	Not disclosed
Insurance	Not disclosed	Add-on specie policies via a program underwritten by Arch Insurance (UK) Ltd; some clients covered up to $750M
Assets supported	Not disclosed	5,000
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)	Not disclosed
MPC	Yes	Not disclosed
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	No
Company
Founded	—	2014
Headquarters	United States	France
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	Keys generated and used inside FIPS 140-2 Level 3 HSMs, with quorum rules enforced in firmware Clear Signing on Ledger devices for every approval Tradelink off-exchange settlement with custodians including Komainu and Tangany Over 5,000 coins and tokens, with full staking access on six networks
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	Holds no custody license, so regulated custody needs a partner SOC 2 Type 2 is self-reported in an FAQ; ISO 27001 still in progress Each approver needs Ledger hardware, and the iOS app requires a Ledger Stax
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	Banks and custodians building their own digital asset custody service, Exchanges that want wallet policies enforced in hardware, Asset managers trading off-exchange through Tradelink

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