The total capitalization of digital asset custody in 2023 amounted to USD 447.89 billion.
In the conducted competitive analysis, several companies offering similar services in the custody and management of digital assets were identified on the international market. Notably:
Coinbase Custody:
BitGo:
Gemini Custody:
Fidelity Digital Assets:
Table 1. Summary information about custodial companies
| № | Name | Regulation | Within the company | Audit | Country |
|---|---|---|---|---|---|
| 1 | Coinbase Custody | NYDFS | Coinbase Inc. exchange | SOC 1 type 2, SOC 2 type 2 | - |
| 2 | Bitgo | NYDFS | - | SOC 1 type 2, SOC 2 type 2, ISAE 3402 type 2 | USA |
| 3 | Gemini Custody | NYDFS | Gemini exchange | SOC 1 type 2, SOC 2 type 2 | USA, NY |
| 4 | Paxos | NYDFS | itBit exchange | - | USA, NY |
| 5 | Coinbase | NYDFS | Coinbase Inc. exchange | SOC 1 type 2, SOC 2 type 2 | - |
| 6 | Cactus Custody | Trustee Ordinance | Matrixport | - | Singapore |
| 7 | Bakkt | NYDFS | BAKKT tm | - | USA, NY |
| 8 | Copper | - | Cooper.co | SOC | USA, Findlay |
| 9 | Finoa | BaFin | - | - | Madrid |
| 10 | Prime Trust | Financial Institutions Division | - | - | USA, LA |
| 11 | Anchorage | OCC | Anchor Labs, Inc., a Delaware corporation | SOC 1 type 1, SOC 1 type 2 | USA, Alyaska |
| 12 | Metaco | - | - | - | Switzerland |
| 13 | Digivault | FCA | Nasdaq listed EQONEX Group | - | UK |
| 14 | OSL | MAS | BC Technology Group | Big4 | Hong Kong |
| 15 | Trustology | - | - | - | UK |
| 16 | Knox | - | Knox exchange | SOC 2 type 2 | Montreal, Qoubec |
| 17 | Genesis | - | Genesis trading company | - | USA, NY |
| 18 | Sygnum Custody Services | - | - | ISAE 3000 | - |
| 19 | SEBA Custody Services | FINMA | Seba Bank | ISAE 3402 Type 2 | Switzerland |
| 20 | Arab Bank Switzerland Custody | - | Swiss Bank | ISAE 3402 Type 1 | Switzerland Zurich |
In Table 2, comparisons of custodial services are provided, including information on storage volumes, fees, and security technologies. Each service has its own features and advantages in the offered services and security level.
Table 2. Comparison of Custodial Services (Data as of 2023)
| № | Name | Storage volume, billion | Commission (% of volume) | Technologies and security level |
|---|---|---|---|---|
| 1 | Coinbase | $80,00 | 0,5% | Multi-factor authentication; Cold storage; Data encryption. |
| 2 | Bitgo | $64,00 | 0,25% -1% | Multi-factor authentication; Multi-signature; Hardware security. |
| 3 | Fireblocks | $38,00 | 0,35% -1% | Multi-factor authentication; Protection against malware; Hardware security. |
| 4 | Gemini | $30,00 | - | Multi-factor authentication; Secure storage; Hardware security. |
| 5 | Ledger Enterprise | $10,00 | - | Cold storage; Physical access control; Hardware security |
| 6 | Cactus Custody | $10,00 | - | Multi-factor authentication; Cryptographic key storage; Data backup |
| 7 | NYDIG | $6,00 | - | Multi-factor authentication; Глубокое хранение средств;Protection against cyber attacks. |
| 8 | Bitcoin Suisse | - | - | Multi-factor authentication; Hardware security; Data access control. |
| 9 | Anchorage Digital Bank | $10,00 | - | Multi-factor authentication; Multi-signature; Hardware security. |
| 10 | Prime Trust | $5,00 | - | Multi-factor authentication; Physical access control and cybersecurity; Access control and audit. |
| 11 | Genesis | $3,00 | - | Multi-factor authentication; Cold storage; Transaction monitoring. |
| 12 | SEBA | $2,00 | - | Multi-factor authentication; Cryptographic key storage; Hardware security. |
| 13 | Sygnum | $2,00 | - | Multi-factor authentication; Protection against malware; Distributed key storage. |
| 14 | Arab Bank | $1,00 | - | Multi-factor authentication;Cold storage;Hardware security. |