Fireblocks vs Liminal Custody

Fireblocks4.3/5

VS

Liminal Custody3.0/5

Feature	FireblocksVisit	Liminal CustodyVisit
Ratings
Our score	4.3/5	3.0/5
User rating	No reviews yet	No reviews yet
Security	4.0	2.5
Compliance	4.0	2.0
Asset support	5.0	3.5
Features	4.5	4.0
Support	4.0	3.5
Specs
KYC required	Not disclosed	Yes
Custody model	Qualified custodian, MPC, HSM, Self-custody software	MPC, Multi-sig, HSM, Self-custody software
Clients	Institutions, Funds, Corporates	Institutions, Funds, Corporates, High-net-worth
Regulated	Yes	Not disclosed
SOC 2 report	Yes	Yes
Assets supported	Not disclosed	1,200
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)	Not disclosed
MPC	Yes	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	—	2021
Headquarters	United States	Singapore
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	1,200+ supported tokens across 20 documented chains MPC and multisig wallets plus a Securosys-based HSM vault on one platform SOC 2 Type II report and ISO/IEC 27001 and 27701 certifications Staking from cold wallets through Figment-powered validators
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US-only, with no MiCA or other non-US authorization listed Custom plans start at $36,000 a year	ADGM custody permission withdrawn in March 2025, and the Dubai entity is absent from VARA's license register Singapore custody entity is exempt under the Payment Services Act, not fully licensed Only insurance on record is a 2022 $50M key-loss policy shared among clients About $235M was stolen from a WazirX multisig wallet on the platform in 2024, with the two firms disputing the cause
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	Crypto exchanges running their own hot, warm and cold wallets, OTC desks and fintechs that need wallet-as-a-service with policy controls, Banks testing hybrid MPC and HSM cold custody

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