Fireblocks vs Sygnum Bank

Fireblocks4.3/5

VS

Sygnum Bank3.8/5

Feature	FireblocksVisit	Sygnum BankVisit
Ratings
Our score	4.3/5	3.8/5
User rating	No reviews yet	No reviews yet
Security	4.0	3.5
Compliance	4.0	4.5
Asset support	5.0	3.0
Features	4.5	4.0
Support	4.0	4.0
Specs
Custody model	Qualified custodian, MPC, HSM, Self-custody software	Qualified custodian
Clients	Institutions, Funds, Corporates	Institutions, Funds, High-net-worth
Regulated	Yes	Yes
SOC 2 report	Yes	Not disclosed
Staking	Yes	Not disclosed
API access	Yes	Not disclosed
Licenses & charters	NYDFS limited purpose trust charter (US), FinCEN MSB registration (US), State money transmitter licenses in 37 states and DC (US)	FINMA banking and securities dealer license (Switzerland), MAS Capital Markets Services license (Singapore), MAS Major Payment Institution license (Singapore), ADGM FSRA Financial Services Permission (UAE), MiCA CASP authorization (Liechtenstein)
MPC	Yes	Not disclosed
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	Yes
Company
Founded	—	2018
Headquarters	United States	Switzerland
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	FINMA bank license since 2019, plus MAS, ADGM and MiCA authorizations Protect off-exchange custody passed $1 billion in assets in March 2026 MiCA passport to all 30 EEA states since June 2026 PwC ISAE 3402 Type 2 and ISAE 3000 assurance on the custody platform
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 is bank-held, so clients depend on Sygnum's key management EU MiCA authorization arrived in June 2026, after a Q1 2025 target Board and executive changes at the 2026 annual meeting
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	Hedge funds and trading firms that want exchange collateral held at a bank, High-net-worth clients and family offices seeking bank custody for crypto, Banks adding digital asset services through a partner bank

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