BeInCrypto Institutional Research: 15 Digital Asset Custody Providers Behind Crypto Adoption

1 hour ago 3

Ananda Banerjee

Sun, May 10, 2026 astatine 9:51 AM CDT 5 min read

Digital plus custody is 1 of the halfway spot layers down organization crypto adoption. Best Custody Provider is an grant class wrong The BeInCrypto Institutional 100, an yearly research-driven programme recognising organization integer plus excellence crossed 26 categories and six pillars.

This class sits successful Pillar 2: Capital Markets & Infrastructure. The 15 firms beneath are its longlist. A shortlist volition beryllium named successful May 2026, with the victor announced astatine Proof of Talk successful Paris connected June 2–3, 2026.

Long list: 15 custody providers crossed national charters, NYDFS spot companies, MPC platforms, bank-backed JVs, APAC custodians, and off-exchange colony networks
Initial pool: More than 30 qualified custodians and integer plus custody platforms screened; 15 precocious to the agelong list
Scoring: 50% quantitative information · 50% Expert Council
Criteria assessed: Qualified custodian status, assets nether custody, organization lawsuit base, audit posture, merchandise depth, jurisdictional reach, colony innovation, reputation
Data sources: OCC, NYDFS, FCA, FINMA, BaFin, MAS, MiCA-CASP registers, Jersey FSC, audited filings, institution disclosures, PitchBook, Tracxn, and Crunchbase

Firm

Custody Sub-Segment

Reach

Top Licensure / Charter

Representative Work

1	Anchorage Digital	Federal-chartered crypto custody	SF / NY / Sioux Falls / Singapore / Porto	$4.2B valuation Backed by a16z, GIC, Goldman Sachs, KKR, Visa, Tether	First federally chartered US crypto bank Atlas Settlement Network is unrecorded with organization integrations	OCC National Trust Bank Charter MiCA via BaFin, VARA, Singapore, Korea
2	Coinbase Custody	US ETF custody provider	Wilmington / SF, USA	Custodian for 8 of 11 spot Bitcoin ETFs 80%+ of US Bitcoin ETF assets routed via Coinbase	NYDFS Limited Purpose Trust Charter Coinbase Custody Trust Company	Primary custodian for IBIT Co-custodian for Morgan Stanley Bitcoin Trust
3	BitGo	Federally chartered nationalist custody	Sioux Falls / Palo Alto, USA	$104B+ AUC Thousands of organization clients	Custody tech utilized by TradFi banks Coverage crossed the US, EU, Switzerland, UAE, Singapore, Australia, Hong Kong	NYSE IPO completed successful Jan 2026 First nationalist federally chartered integer plus infrastructure firm
4	Fidelity Digital Assets, NA	Asset manager-operated national trust	Boston, USA	Custody for FBTC and FETH Backed by Fidelity’s ~$15T+ AUA platform	Acquired TRES Finance and Dynamic Building a custody, wallet, and accounting operating system	OCC charter approved Dec 2025 Plans see stablecoin issuance and staking services
5	BNY	Global custodian with crypto surface	New York, USA	~$55.8T AUC/A Live BTC and ETH custody since 2022	OCC-regulated bank Institutional custody operations	Co-custodian for Morgan Stanley MSBT IBIT currency custodian and administrator
6	Fireblocks	MPC-native organization platform	New York / Tel Aviv	2,400+ organization clients $4T+ yearly integer plus transfers successful 2025	NYDFS BitLicense SOC 2 Type II + ISO 27001	OCC conditional nationalist spot slope charter Conversion from the New York State trust
7	Ripple Custody (Metaco)	Bank custody exertion stack	Lausanne / SF	Acquired Tungsten Custody successful the UAE Standard Chartered reportedly weighing afloat takeover	OCC conditional charter FINMA-regulated custody stack	Ripple rebranded Metaco arsenic Ripple Custody Ripple National Trust Bank's charter was conditionally approved
8	Sygnum	Swiss-licensed crypto bank	Zurich, Switzerland	2,000+ organization clients $5B+ AUM; unicorn valuation	FINMA banking licence MAS, Liechtenstein, ADGM permissions	Reached unicorn presumption successful Jan 2025 Sygnum Connect and Sygnum Protect live
9	Komainu	TradFi-backed custody JV	St Helier, Jersey	Operations crossed Jersey, UK, Italy, Singapore, UAE, Japan ~120 unit target	Jersey FSC, UK FCA, UAE VARA Italy OAM and Singapore MAS via Propine	$75M Series B funded successful Bitcoin Propine acquisition expanded Singapore custody hub
10	Zodia Custody	Standard Chartered-backed custody	London, UK	~150 unit crossed 7 offices 75+ integer assets supported	UK FCA, Ireland MiCA-CASP, Lux, ADGM Hong Kong and Japan FSA coverage	Sub-custodian for Clearstream Crypto offering AnchorNote off-exchange colony launched
11	Crypto Finance Group	Exchange-parent regulated custody	Zurich, Switzerland	Deutsche Börse majority-owned Clearstream organization distribution	FINMA Switzerland BaFin licences + MiCA-CASP	Aura backstage wealthiness level launched Qualified custodian successful the Fireblocks network
12	Hex Trust	APAC custody anchor	Hong Kong	$104M raised APAC and MENA organization coverage	HK SFC, MAS CMS, ADGM, VARA, DFSA Multiple licence categories	ClearLoop colony web expanded Komainu was integrated into ClearLoop successful 2025
13	Copper	Off-exchange colony custody	London, UK	200+ organization clients Multi-billion-dollar assets nether custody	Switzerland SO-FIT affiliation Abu Dhabi ADGM licence	~$2B valuation 9+ exchanges connected the ClearLoop network
14	Ceffu	Institutional MPC and OES	Lithuania	200+ organization clients Multi-billion assets nether custody	Lithuania MiCA-CASP Multi-jurisdiction sub-custody arrangements	MirrorX off-exchange colony integrated with KuCoin EU organization custody presumption expanded
15	Bakkt Trust	NYDFS-regulated US custody	New York, USA	ICE-origin organization custody Multi-asset custody platform	NYDFS Limited Purpose Trust Charter BitLicense + 50-state MTLs	Bakkt Warehouse supports organization custody $125M+ security crossed acold and lukewarm wallets

About This List

The BeInCrypto Institutional 100 — Digital Asset Custody (2026 Long List) identifies custody providers supporting organization integer plus adoption. The class covers federally chartered crypto banks, NYDFS trust-company custodians, MPC-native platforms, bank-backed custody ventures, APAC-regulated custodians, exchange-parent custody platforms, and off-exchange colony networks.

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