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Tokenized assets are moving fast. Bonds, treasuries, real estate, private equity, and money markets are now being traded on the blockchain. Now, the institutions behind these tokenized assets need custody infrastructure that truly understands what that means.
This is where institutional custody solutions for tokenized assets come in. Unlike standard crypto custody, tokenized asset custody has to satisfy securities laws, integrate with issuers and transfer agents, support on-chain settlement, and thrive under the intense regulatory scrutiny that comes with holding institutional capital.
The consequences of getting it wrong here are beyond losing assets. There could be regulatory actions, investor lawsuits, and the possibility of bankruptcy. That’s why we’ve reviewed 8 of the best institutional custody solutions for tokenized assets. We evaluated them on security architecture, tokenized asset support, and regulatory status. At the end of this guide, institutions will know which platform suits their market needs.
| Platform | Best For | Supported Assets | Tokenized Asset Support | Security Model | Insurance Coverage | Regulatory Status | Rating |
|---|---|---|---|---|---|---|---|
![]() 1. Coinbase CustodyRead More | Regulated US compliance | NFTs, BTC, ETH, and 470+ others | Tokenize treasuries and RWAs | Cold, MPC, SOC 2 | $320 million crime policy | ChainSecurity and Guardian | 4.8 |
![]() 2. Anchorage Digital Read More | Federal bank custody | BTC, ETH, multi-chain | Tokenized securities/staking | MPC, TEE, policy workflows | Enterprise-negotiated | OCC Charter | 4.7 |
![]() 3. BitGoRead More | MPC/multi-chain | 1500+ assets | RWAs, funds, bonds | Multi-sig, MPC, HSM | Up to $250 million | NYDFS, OCC, Bafin | 4.7 |
![]() 4. Fireblocks Read More | MPC transfer | 1,200+ assets | Tokenized securities, RWAs | MPC-CMP, SGX, SOC 2 | Partner-negotiated | NYDFs, multi-jurisdictions | 4.6 |
![]() 5. Fidelity Digital AssetsRead More | TradFi investors | BTC, ETH, and select assets | Tokenized treasuries and funds | Cold, HSM, MPC, SOC 2 | Not publicly disclosed | NY trust, FCA | 4.7 |
![]() 6. KomainuRead More | EMEA, multi-jurisdictions | BTC, ETH, and altcoins | Funds, bonds, RWAs | MPC, HSM, zero-trust | Not publicly disclosed | JFSC, VARA, FCA | 4.5 |
![]() 7. Zodia CustodyRead More | Bank-affiliated EMEA | BTC, ETH, and others | RWAs, bonds, funds | Air-gapped, MPC | Institutional negotiated | FCA, MAS, ADGM | 4.4 |
![]() 8. CopperRead More | Off-exchange settlement | BTC, ETH, institutional | Tokenized MMFs | MPC, ClearLoop, SOC 2 | Enterprise negotiated | FSRA, FCA | 4.3 |
We reviewed over 25 institutional custody platforms and narrowed our list to the top 8 based on the CoinGape review methodology, which evaluates core factors like security architecture, regulatory standing, tokenized support, insurance coverage, and real institutional fit. These aren’t the biggest or most popular names. Instead, they are the ones that actually hold up when institutions put serious capital behind them.
Best for regulated US institutional custody with strong compliance
Coinbase Custody has spent 12+ years building its key management and cold storage technology in-house. As a New York state-chartered trust company and Qualified Custodian under NY banking law, Coinbase Custody is a well-known custody provider that is regulatory compliant and suitable for US asset managers, ETFs, and institutional funds.
Coinbase doesn’t only offer compliance, it also excels at security. It stands out for its Vault storage model. This system combines physical security, consensus computation, and strict process controls. At the end, it gives institutions something more defensible than standard cold storage. Plus, there’s also the Prime On-chain Wallet integration, which means clients can interact with smart contracts and DeFi without pulling assets out of custody.
| Key Parameters | Details |
| Fees | 50 bps annualized. Implementation fee applies |
| Supported Assets | Crypto and tokenized securities |
| Security Model | Coinbae Vault, MPC, SOC 2 |
| Regulatory Status | NYDSF qualified custodian |
| Institutional Clients | Asset managers, ETF issuers, hedge funds, crypto native funds |
| Custody Architecture | Segregated cold storage, multi-user account controls, |
| Insurance Coverage | Yes |
| Compliance and Audit | SOC 1 and SOC 2 (Deloitte) |
| KYC/AML | Institutional grade |
Best for federally regulated institutional crypto custody under US banking oversight
The US has only one federally chartered crypto bank and that’s Anchorage Digital. It’s not marketing, but pure facts. Since receiving its OCC national trust charter in 2021, Anchorage has built the kind of regulatory infrastructure that most institutional crypto custodians are still trying to catch up to. It’s not just about compliance though.
Anchorage processes 90% of transactions in under 20 minutes, which, for institutional custody, is genuinely fast. The biometric voice and video authorization layer also addresses something most custodian ignore: human error is often the biggest attack vector, and not the tech.
Anchorage currently has an impressive momentum. Tether made a strategic equity investment in Anchorage Digital in early 2026. This put a $4.2 billion valuation on the company, which I think is a strong show of institutional confidence. Plus, Anchorage has a custody relationship with BlackRock, which covers spot crypto ETPs with over $50 billion in AUM. This alone puts it in a different tier from most crypto custody providers. Read our coverage of BlackRock tapping Anchorage for custody.
| Key Parameters | Details |
| Fees | Not publicly disclosed (Enterprise-negotiated) |
| Supported Assets | Cryptocurrencies |
| Security Model | MPC, TEE, biometric authentication |
| Regulatory Status | OCC-chartered qualified custodian |
| Institutional Clients | Funds, banks, asset managers |
| Custody Architecture | Segregated keys with policy engine |
| Insurance Coverage | Yes |
| Compliance and Audit | SOC 1 and SOC 2 Type 2 |
| KYC/AML | Bank-grade compliance |
Best for MPC-based multi-chain custody and scalable institutional infrastructure
BitGo has been offering institutional custody services since 2013, long before most of the platforms on this list even existed. BitGo invented multi-signature wallet technology, has processed over $3 trillion in lifetime transactions, and has never experienced a single loss due to hacking. That track record matters a lot when you’re an institution deciding who holds your assets.
BitGo covers more tokenized assets than most custodians on this list, around 1,500 assets across 60+ chains. BitGo integrates directly with issuers like Ark21Shares, HashDex, and Valkyrie. With BitGo, institutions can custody tokenized securities, funds, and RWAs while integrating staking, lending, and trading workflows. BitGo has a conditional OCC national bank charter in hand. With that, it is quickly closing the regulatory gap with Anchorage. See how the SEC’s custody guidance directly names BitGo as a qualified custodian.
| Key Parameters | Details |
| Fees | AUC-tiered (20-25 bps avg USD balance), withdrawal fees per contract |
| Supported Assets | Crypto, RWAs, bonds, |
| Security Model | Multi-sig + MPC hybrid, 100% cold storage, |
| Regulatory Status | NYDSF Trust, OCC conditional, BaFin, MAS |
| Institutional Clients | Asset managers, banks, ETFs, funds |
| Custody Architecture | Segregated cold wallets with policy controls |
| Insurance Coverage | Yes. Up to $250 crime policy |
| Compliance and Audit | SOC 1 and SOC 2 |
| KYC/AML | Institutional-grade verification |
Best for MPC-based custody infrastructure with secure digital assets operations at scale
Fireblock is not just a digital assets custodian. Think of it as more of an infrastructure layer that a lot of the crypto world runs on. Over $10 trillion in total digital asset transfers have moved through Fireblocks, and more than 2,400 organizations rely on the platform include banks, neobanks, ETF issuers, and prime brokers. What makes Fireblock really different from most crypto custodians is that it combines MPC-based security with a granular policy engine that lets institutions define exactly who can move what, when, and how.
Fireblocks Trust Company, its NYDFS-chartered qualified custody arm, was launched in 2024 and has already brought on heavy clients like Galaxy, FalconX, Bakkt, and Castle Island. Fireblock helps institutions manage tokenized securities, RWA, and traditional finance. Chainlink and Fireblocks are currently helping banks issue stablecoins, which shows how deeply important Fireblock is to institutions.
| Key Parameters | Details |
| Fees | Custom, starting at $18,000 per year. Essential plans are $699 per month. |
| Supported Assets | Crypto, stablecoins, tokenized RWA, securities. |
| Security Model | MPC-CMP, SGX, SOC 2, multi-layered security |
| Regulatory Status | NYDFS-qualified custodian, multi-jurisdiction coverage |
| Institutional Clients | Banks, asset managers, ETFs, VCs, treasuries |
| Custody Architecture | Segregated keys, policy engine, hot/warm/cold wallets |
| Insurance Coverage | Not disclosed |
| Compliance and Audit | SOC Type 2 |
| KYC/AML | Bank-grade institutional compliance |
Best for traditional institutional investors entering tokenized assets custody
Fidelity Digital Assets is one of the top tokenized assets custody solutions for investment advisors, pension funds, and family offices interested in digital assets custody. Fidelity has been building an infrastructure for tokenized assets custody since 2014, meaning its whole operations reflect TradFi DNA.
In terms of security, Fidelity has both SOC 1 and SOC 2 Type II audits by a Big Four firm. It uses cold-vault storage, with 24/7 on-site security, multi-person and multi-organization access controls for advanced protection. They also launched FIDD, its own stablecoin built on Ethreum. This move shows that Fidelity’s ambition in tokeinized assets is beyond providing custody.
| Key Parameters | Details |
| Fees | Enterprise-negotiated |
| Supported Assets | Crypto, FIDD |
| Security Model | Cold storage, HSM, multi-tier approvals, SOC 2 |
| Regulatory Status | NY Trust Company, OCC national charter, FCA registered |
| Institutional Clients | Asset managers, banks, pensions, and hedge funds |
| Custody Architecture | Multi-site cold vaults, Segregated accounts |
| Insurance Coverage | Not publicly disclosed |
| Compliance and Audit | SOC 1 Type II, SOC 2 Type II |
| KYC/AML | Federal bank-level compliance |
Best for Multi-jurisdictional institutional crypto custody with on-chain segregation
Komainu is built from scratch for tokenized asset custody. It offers a bank-grade RWA custody specifically for financial institutions like banks operating across regulated markets. Komainu has a custody model for tokenized RWAs that focuses more on segregated, on-chain wallets that keep client assets off-balance sheet and bankruptcy-remote.
The crypto custody provider uses a strong combination of MPC and HSM architectures to support crypto and tokenized assets such as funds, bonds, and RWAs, while offering on-chain visibility, strong governance controls, and regulatory oversight in multiple jurisdictions.
| Key Parameters | Details |
| Fees | Enterprise negotiated |
| Supported Assets | 6,000+ tokens across 40 blockchains |
| Security Model | MPC, HSM, zero-trust architecture |
| Regulatory Status | JFSC, VARA, FCA |
| Institutional Clients | Asset managers, banks, funds |
| Custody Architecture | Segregated, on-chain, bankruptcy-remote |
| Insurance Coverage | Enterprise-level protection |
| Compliance and Audit | Institutional controls |
| KYC/AML | Institutional grade compliance |
Best for Bank-affiliated institutional custody across EMEA and global markets
Zodia Custody is what you get when banking giants decide to build a custody solution that understands the needs of financial institutions. The platform is backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, which means it has institutional credibility that most crypto-native platforms spend years building.
Zodia was FCA-registered from the start and has strong regulatory coverage in Europe, the Middle East, and Asia. It is one of the best crypto custody providers for financial institutions. Zodia’s air-gapped storage solutions with 24/7 instant withdrawal are a rare combination. Most cold storage solutions trade speed for security. Zodia built both. It also supports crypto and tokenized assets, including bonds, funds, and RWAs, while enabling trading, staking directly rom custody.
| Key Parameters | Details |
| Fees | Volume-based and client-negotiated |
| Supported Assets | Crypto, bonds, RWAs |
| Security Model | Air-gapped HSM cold storage, client policies |
| Regulatory Status | ADGM, FCA, MAS, |
| Institutional Clients | Banks, corporate treasuries, digital asset managers |
| Custody Architecture | Fully segregated, bankruptcy-remote, 24/7 instant access |
| Insurance Coverage | Digital assets crime and cyber insurance program |
| Compliance and Audit | SOC 1 Type II, SOC 2 Type I |
| KYC/AML | Financial crimes controls |
Best for Off-exchange settlement and institutional tokenized MMF custody
Copper is one of those crypto custody providers that doesn’t always get the headlines, but is behind a lot of institutional crypto activities. Its ClearLoop off-exchange settlement is what truly makes Copper different. It allows institutions trade across 50+ exchanges without needing to take funds away from custody. There’s no prefunding or counterparty exposure, which is really impressive.
Copper is best used by hedge funds, trading firms, ETP issuers, and foundations. Security on this platform is also impressive. Copper eliminates a single point of failure by splitting wallet control into three shards (Client, Copper, Trusted Third-Party) and uses a 2-of-3 signing quorum. Copper also supports hot, cold, and warm vaults or flexibility.
| Key Parameters | Details |
| Fees | Institutional-negotiated |
| Supported Assets | Tokenized MMFs |
| Security Model | 3-entity MPC, 2-of-3 quorum, policy engine |
| Regulatory Status | FSRA, FCA, multi-jurisdictional compliance |
| Institutional Clients | Hedge funds, ETPs, trading firms, foundations |
| Custody Architecture | Segregated, on-chain wallets, cold, warm, and hot vaults, and flexibility |
| Insurance Coverage | Yes. ( $500 million specie + crypto crime policies via AON/Lloyd’s) |
| Compliance and Audit | Policy engine for governance |
| KYC/AML | Role-based controls |
Safety is a priority in the digital assets market. But the truth is that tokenized assets are only as safe as the infrastructure holding them. Here are a couple of reasons why institutional crypto custody is a must for institutional players:
Private keys are the main assets when it comes to digital assets. Losing your private keys means losing your asset. Institutional custody solutions help with this. For example, MPC custody shares key control across several parties. This system eliminates a single point of failure, as we see with self-custody.
Compliance is a serious demand in this tokenized asset market. Risking it means the possibility of lawsuits and even shutdowns. Qualified custodians handle all those headaches for their clients. They meet regulatory demand across key jurisdictions to offer protection to investors.
Institutional custody is set in a way that a client’s asset is protected if the custodian becomes insolvent. For example, compliance demands that assets are held in segregated, insolvency-remote structures.
Tokenized securities and RWAs require custody systems that integrate with issuers, transfer agents, trading venues, and compliance tooling.
We reviewed over 25+ institutional crypto custodians and narrowed the list to 8 based on the CoinGape review methodology. We assessed each platform across seven core criteria:
We also looked at:
We only included platforms that have an active institutional client base.
Different rules apply for crypto custody across different jurisdictions. You need to understand what applies in core markets like the US and the EU to stay safe. Here’s what you need to know about regulatory requirements across different regions:
United States – The SEC runs the show for tokenized assets in the United States. Under its rules, RIAs can’t pick just any custody provider. That provider has to be a regulated entity like a national bank, state trust, or OCC-chartered institution. There are also reporting standards to comply with.
Europe and Global Custody Regulations – MiCA is the rulebook for the EU. It covers everything from digital assets to custodians. However, the Uk has its own rulebook. It sits outside MiCA entirely. The FCA has its own processes. Platforms like Zodia hold both licenses, which is what you need if your work spans both the UK and the EU.
Compliance Requirements for Tokenized Asset Custody – Tokenized securities don’t get a lighter touch because they stay on the blockchain. Once an asset is classified as a security, and in most jurisdictions most tokenized assets are, they come under the same laws as traditional assets like stock.
Most people are caught in between deciding between self-custody and institutional custody. Now, both have their pros and cons, which you must know to fully decide what works best for you:
| Feature | Institutional Custody | Self-Custody |
| Security | Uses a professional standard (MPC, HSM, SOC audits, cold storage) | Individual bears the responsibility of security. |
| Compliance | Custodians are regulated, qualified, and follow KUC/AML rules | There’s no regulation framework. It’s all about the individual. |
| Risk | Risk here is lower. As funds are segregated. Some platforms offer insurance as well. | Higher. The user could lose everything if the key is compromised. |
| Insurance | This varies by provider. Some platforms have insurance up to $500 million | None. The user bears this responsibility by default. |
| Governance | There’s no single point of failure as the system ensures multi-user controls and approval workflows. | The user is the single point of control. Once compromised, funds are atrisk. |
| Regulatory Fit | Custodians must satisfy regulatory demands to operate. | The user does not follow any regulatory custody requirement. It is self-handled. |
| Asset Recovery | Recovery is possible through backup keys and custodian processes. | No recovery if keys are lost. rana sk o [iwqdi |
Institutional crypto custody is the foundation that makes it possible for institutional clients to participate in the digital assets market. Every tokenized bond, treasury, fund, and RWA that moves on-chain needs a regulated, secure, and compliant custodian behind it. Here’s how to decide the best fit:
The bottom line: Secure infrastructure, regulatory compliance, and institutional-grade custody are important for the future of tokenized assets and global capital markets.
The largest custodians are platforms that serve banks, asset managers, and hedge funds with regulated, insured custody infrastructure like Coinbase Custody, BitGo, and Fidelity Digital Assets.
A qualified custodian is a regulated entity that’s authorized to hold clients’ assets on behalf of institutions under securities and investment laws.
Yes, most institutional crypto custodians operate under financial regulators and must meet strict compliance and audit requirements.
They use MPC, HSM, asset segregation, and policy controls to protect tokenized assets.
Asset managers rely on institutional crypto custody solutions that support compliance, reporting, trading, and tokenized asset workflows.
Yes, most top crypto custody solutions maintain crime and cyber insurance policies to cover certain specific risks.
Anchorage Digital, Fireblocks Trust, Copper, and Zodia Custody all support tokenized securities and RWAs.
It depends on the threat model. Anchorage and Fidelity offer stronger regulatory safety. Fireblock offers purer security infrastructure.