In this article, I will cover the Best Zodia Custody Rivals for B2B Funds. When evaluating crypto custody solutions, I will consider the type and extent of regulation, the assets supported, various custodian models, security and insurance
Institutional products and services, asset settlement and other clarity and certainty-related features, staking and delegation, geographical and jurisdictional availability, and pricing.
This document provides B2B funds an overview of the various digital custodian offerings and assist in evaluating the custody solutions for their operational and investment needs.
| Custody Provider | Explanation |
|---|---|
| Coinbase Custody | Institutional crypto custody with secure infrastructure and comprehensive asset support. |
| BitGo | Qualified custody solutions offering security, insurance, and institutional-grade digital assets. |
| Fireblocks | Enterprise platform providing custody infrastructure, transfers, and institutional asset management. |
| Anchorage Digital | Regulated digital asset custody designed specifically for institutional financial organizations. |
| Copper | Institutional custody and settlement infrastructure supporting secure digital asset transactions globally. |
| Gemini Institutional | Institutional custody services combining security, compliance, and digital asset infrastructure. |
| Kraken Institutional | Institutional-grade custody and trading infrastructure supporting professional digital asset managers. |
| Fidelity Digital Assets | Institutional custody platform backed by Fidelity’s established financial services expertise. |
| Liminal Custody | Digital asset custody infrastructure supporting institutions, funds, and financial businesses securely. |
| Komainu | Regulated digital asset custody combining security, compliance, and institutional services. |
| Metaco | Enterprise digital asset custody technology supporting banks and financial institutions globally. |
| Taurus | Institutional digital asset infrastructure covering custody, tokenization, and financial services. |
| Hex Trust | Licensed institutional custody provider supporting funds, banks, and Web3 organizations. |
| Ceffu | Institutional custody platform offering secure asset management and operational controls. |
14 Best Zodia Custody Rivals for B2B Funds
1. Coinbase Custody
Coinbase Custody is a branch of Coinbase that provides custodial services for institutions. Like its sister branch, Coinbase Custody Trust Company is a NY-based trust company and qualifying custodian. It supports 470+ assets and offers staking.
Coinbase combines structural and systems custody with governance and control to provide an end to end solution for institutions. Coinbase Prime offers similar services and is primarily used by fund managers for portfolio trading and staking.
Availability and pricing for Coinbase services is determined at the time of contract signing. Pricing is not disclosed. Coinbase Prime offers a more comprehensive service than Zodia.
Coinbase Custody Feature
- Regulated institutional and qualified custody infrastructure
- Broad digital-asset support with selected staking options
- Offline storage and institutional governance controls
- Integrated trading, settlement, and financing through Coinbase Prime
2. BitGo
BitGo offers qualifying and institutional custodial services for digital assets via BitGo Bank and Trust. Through its custody services, BitGo enables funds to hold 1,700+ digital assets. BitGo’s custody model relies on institutional wallets and integrates MPC and multi-signature technologies. It also offers custody for staking and settlement.
BitGo is primarily used by asset managers and funds. BitGo’s service offerings and geographic scope is determined by the entity and jurisdiction. BitGo charges storage fees and other variable fees. BitGo’s services cover settlement and staking for a wider range of assets than Zodia.
BitGo Feature
- Qualified institutional custody through regulated entities
- Support for 1,700+ assets across 97 protocols
- MPC, multisignature, and segregated custody controls
- Institutional settlement, staking, and portfolio-management infrastructure
3. Fireblocks
Fireblocks has a unique direct custody model for institutional clients through its subsidiary, Fireblocks Trust Company. Fireblocks has technology to support access to over 150 blockchains. Their product employs a range of security features including MPC, policy controls, and governance mechanisms, and segregates client keys.
Fireblocks allows clients to connect custody to a range of financial and blockchain services including trading, staking, and other financial services. Fireblocks also employs a global custodian network to provide custody of digital assets in a number of geographies including Europe,
Asia and the Middle East. Fireblocks is more flexible than Zodia as it provides both direct custody and the ability for clients to connect to a number of custodians.
Fireblocks Feature
- Institutional custody and digital-asset infrastructure
- Support for 150+ blockchains and thousands of assets
- MPC security and configurable transaction policies
- Trading, settlement, staking, and custodian connectivity
4. Anchorage Digital
Anchorage Digital Bank uses its institutional custody service to provide qualified institutional custody through its federally chartered Anchorage Digital Bank, which is regulated by the OCC. Anchorage Digital’s custody systems address the needs of institutions including hedge funds, venture capital firms, and corporate treasuries.
Anchorage offers support for numerous digital assets and maintains a published registry that includes hundreds of assets across numerous networks. Anchorage offers segregated custody with bankruptcy remote controls, institutional governance and key control, and ensures access and control over digital assets 24 hours a day, 7 days a week.
Anchorage also offers support for digital assets that allow for staking and voting. Copper’s custody offering and Anchorage’s bankruptcy-remote custody are some of the most sophisticated in the marketplace.
Anchorage Digital Feature
- Federally chartered U.S. digital-asset banking structure
- Broad institutional digital-asset custody support
- Segregated and bankruptcy-remote custody infrastructure
- Institutional staking and governance capabilities
5. Copper
Based in the United Kingdom and Asia, Copper is also an institutional digital asset custody provider, but rather than custody only, their model focuses more on the settlement and trading workflows surrounding custody.
One feature of Copper’s model is that it allows for quick movement of assets from custodians to liquidity venues. Copper’s custody model provides institutional controls of custody of digital assets. The features of Copper’s custody offering and Zodia’s custody offering are some of the more sophisticated models available in the market.
Copper Feature
- Institutional custody and digital-asset infrastructure
- ClearLoop off-exchange settlement capabilities
- Trading-venue and liquidity-provider connectivity
- Automated institutional transaction and settlement workflows
6. Gemini Institutional
Gemini Custody offers services through a qualified custodian under the New York Banking Law. It stores many digital assets and provides services for institutions. Its platform offers security and visibility for governance and audit.
It has control over physical access to its facilities and uses hardware security modules (HSM) offline. Its platform offers insurance to cover losses from certain events for a part of its digital assets held in cold storage, for up to $100 million.
Pricing for its services is negotiable, and is dependent on the type of assets and the volume of trades. Availability of Gemini’s services is dependent on the region and the products offered in that region. Zodia does not provide trading services like Gemini and therefore should not be compared to Gemini.
Gemini Institutional Feature
- Regulated qualified custody under New York Banking Law
- Support for numerous institutional digital assets
- Cold storage with institutional security controls
- Integrated institutional trading and custody infrastructure
7. Kraken Institutional
Kraken Custody has regulated institutions serving customers in both the US and EU. Kraken supports around 200 digital assets, including major assets like Bitcoin (BTC) and Ethereum (ETH). Its custody model employs MPC-HSM key storage technology, segregation of assets, role-based permission, and policy controls.
Institutional funds under custody can stake and trade cryptocurrencies. Kraken Prime offers integrated trading and financing services, liquidity, and settlement. Kraken’s service availability depends on the region and the regulated entity.
Kraken does not publish a universal public custody fee schedule. In comparison to Zodia, Kraken offers integrated trading and allows its customers to stake directly, making it well suited for funds that wish to combine active portfolio management with custody.
Kraken Institutional Feature
- Regulated institutional custody infrastructure
- Support for 200+ digital assets
- MPC, HSM, and role-based security controls
- Trading, financing, liquidity, settlement, and staking integration
8. Fidelity Digital Assets
Fidelity Investments has launched a subsidiary, Fidelity Digital Assets, that provides similar services to their institutional clients in the form of custody and over-the-counter (OTC) trading of digital assets.
As with most other digitize asset custodians, Fidelity uses cold storage, multi-party/multi-signatory strategies and other controls to protect digital assets. Fidelity is currently custody and/or responsible for trading of select digital assets.
Like other custody firms, Fidelity offers 24/7/365 operations, and is pursuing other related services, including collateral services. With the exception of publishing their prices on their web site, Fidelity remains secretive about fees. When compared to Zodia, Fidelity offers a more complete service offering and larger asset coverage, however, jurisdictional boundaries and licensing still impact client choice.
Fidelity Digital Assets Feature
- Institutional custody backed by Fidelity infrastructure
- Cold-vault storage and multi-tier approval controls
- Integrated custody, execution, and liquidity services
- Institutional operational support and collateral solutions
9. Liminal Custody
Liminal’s primary offering is secure digital-asset custody and control. Liminal has developed technology that supports broader digital-asset workflows and integrations. Liminal’s offered services and supported assets depend on product, client jurisdiction, and type of blockchain(s).
Liminal’s offerings also include support for digitize-asset fund administration and treasury operations. Liminal states each digital-asset custody offering will be uniquely priced. Compared to Zodia, Liminal focuses on technology customization and digital-asset custody with operational infrastructure.
Liminal Custody Features
- Institutional digital-asset custody infrastructure
- Configurable wallet and transaction-management controls
- API and workflow integration capabilities
- Institutional governance and operational security features
10. Komainu
Komainu is an digital asset custodian for institutions and professionals. Assets are kept off balance sheet and in structually bankruptcy remote situations. Komainu is currently focused on custody but has plans to expand into other related services.
Security, governance and compliance are of primary importance. The platform is designed to operate in a number of jurisdictions and support a range of assets. In addition to custody, Komainu offers related services and products for the institutional investor and asset manager.
Fees are determined through negotiation. Compared to Zodia, both companies have similar offerings for regulated, institutional custody, and both have on-chain assets in multiple jurisdictions for custody.
Komainu Features
- Regulated institutional digital-asset custody
- Segregated on-chain and bankruptcy-remote asset structure
- Institutional governance and security controls
- Multi-jurisdictional custody and asset-management infrastructure
11. Metaco
Metaco provides technology to assist banks and other financial institutions to provide custodial services for digital assets.
The technology supports a number of blockchains and digital assets. The technology provides secure digital wallets and other services related to the control, management, and movement of digital assets.
The technology can be integrated into the financial and banking infrastructure. As such, the technology is relevant to fund administrators that work with financial and banking institutions. Metaco’s primary business is technology, while Zodia provides custodial services.
Metaco Features
- Enterprise-grade digital-asset custody technology
- Institutional wallet and governance infrastructure
- Secure transaction management and policy controls
- Integration with banks and financial institutions
12. Taurus
Taurus offers custody and other related services for digital assets. The company’s custody solution targets banks and asset managers. The supported assets depend on the blockchain and service. Taurus’s offering also includes tokenization of financial and other assets.
Taurus offers integration with various blockchains and supports controls on digital asset transactions for institutions. Taurus also offers staking for select digital assets. The geographic scope of Taurus’s services is limited to particular financial centers and depends on the regulatory environment.
Taurus charges clients based on the services offered and the volume of assets secured by Taurus. Compared to Zodia, Taurus focuses more on integration of digital financial services with blockchain technology.
Taurus Features
- Institutional custody and digital-asset infrastructure
- Support for custody, tokenization, and staking
- Wallet, transaction, and blockchain connectivity tools
- Designed for banks and institutional asset managers
13. Hex Trust
Hex Trust offers custodial services for digital assets to banks, asset managers and other financial intermediaries. Hex Trust has custody over multiple blockchains and supports stable coins and other tokens representing financial and other assets.
Hex Trust also offers staking for select digital assets. Hex Trust has a broad regulatory footprint and focuses on the Middle East and Asia. Similar to Zodia, Hex Trust does not disclose its prices. Compared to Zodia, Hex Trust has more advanced staking services.
Hex Trust Features
- Regulated institutional digital-asset custody
- Cryptocurrency, stablecoin, and tokenized-asset support
- HSM, segregated wallets, and approval controls
- Institutional staking and Asia-Pacific/Middle East coverage
14. Ceffu
Ceffu provides institutional clients with custody and asset management services, as well as technology for settlement of digital assets. Ceffu offers a range of custody technology, including cold storage, MPC, and blockchain monitoring.
Additionally, Ceffu offers other services related to settlement and liquidity. While the company provides these services internationally, the range of offerings may vary by location. Ceffu’s UAE entity, Ceffu Custody FZE, which is licensed by VARA, offers custody services to institutional and qualified investors.
Scope and services offered by Ceffu’s UAE entity may vary from services offered by other entities of Ceffu. Fees charged by Ceffu for custody services are not disclosed. Compared to Zodia, Ceffu focuses on providing off-exchange settlement and liquidity, in addition to custody, services to institutions, in partnership with Binance.
Ceffu Features
- Institutional custody and asset-management infrastructure
- Cold storage, MPC, and multi-approval security
- Off-exchange settlement and liquidity capabilities
- VARA-regulated custody availability in Dubai for eligible clients
Conclusion
In conclusion, assessing Zodia Custody’s peers for B2B fund services means analyzing factors like the legal frameworks, cryptocurrencies supported, types of custody, safety and security, institutional services, clearing and settlement, staking, location, and cost.
There are options, including Coinbase Custody, BitGo, Fireblocks, and Anchorage Digital, to name a few. Prior to funds deciding on a cryptocurrency custody service, they need to consider the legal and regulatory frameworks of the markets in which the funds operate
The type of investment strategies the funds employ, and the overall policies of the funds. This includes services, products, and other factors employed by the funds to achieve compliance.
FAQ
What are Zodia Custody rivals for B2B funds?
Leading alternatives include Coinbase Custody, BitGo, Fireblocks, and Anchorage Digital.
Which Zodia rival supports the most digital assets?
BitGo offers extensive digital-asset coverage across numerous blockchain networks and protocols.
Which custody provider offers strong institutional security?
Fireblocks provides MPC security, transaction policies, and institutional governance controls.
Which Zodia alternative offers qualified custody?
Coinbase Custody, BitGo, Anchorage Digital, and Gemini provide qualified custody options.
Which providers offer staking for institutional funds?
Coinbase, Anchorage, Kraken, Komainu, Taurus, and Hex Trust offer staking.
