Fireblocks vs Utila

How Fireblocks vs Utila compare on our ratings, custodian specs, funding, pros and cons.

VS
Utila3.7/5
Feature
Ratings
Our score4.3/53.7/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Compliance4.02.5
Asset support5.04.0
Features4.54.5
Support4.04.0
Specs
Custody modelQualified custodian, MPC, HSM, Self-custody softwareMPC, Self-custody software
ClientsInstitutions, Funds, CorporatesInstitutions, Funds, Corporates
Regulated YesNot disclosed
SOC 2 report YesNot disclosed
Staking Yes Yes
API access Yes Yes
Licenses & chartersNYDFS 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 YesNot disclosed
Qualified custodian Yes No
Company
Founded—2022
HeadquartersUnited States—
InvestorsD1 Capital Partners, Spark CapitalNot 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
  • Published Starter plan at $799 per month with all chains included
  • Two-party MPC with offline recovery controlled by the client's administrator
  • 41 mainnets plus custom EVM networks
  • Utila Link counterparty network and licensed partners for MiCA and US coverage
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
  • No license or charter of its own
  • Utila's key share takes part in every signature
  • SOC 2 Type II and audit claims are self-published
  • Short operating history since its 2022 founding
Best forExchanges and payment companies building in-house custody, Funds and RIAs that need a New York qualified custodian, Fintechs launching embedded or white-label walletsFintechs and PSPs running stablecoin payments, Trading firms that need automated MPC signing through an API, Stablecoin and token issuers managing treasury wallets

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.

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