Comparison · 2026 edition
BitGo vs Hex Trust: crypto custody compared 2026.
BitGo and Hex Trust side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
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BitGo and Hex Trust side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
In the Crypto Custody Index, BitGo scores higher overall: 4.2 out of 5 (83 out of 100) against 4.0 (81), ranking 1 and 2 of 12. BitGo also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | BitGo | Hex Trust |
|---|---|---|
| Score out of 5 | 4.2 | 4.0 |
| Score out of 100 | 83 | 81 |
| Overall rank | 1 of 12 | 2 of 12 |
| For funds and asset managers (out of 100) | 88, rank 1 | 87, rank 2 |
| For crypto, payment and stablecoin firms (out of 100) | 84, rank 1 | 83, rank 2 |
| For corporate treasuries (out of 100) | 77, rank 2 | 72, rank 4 |
| Type | Qualified custodian and national trust bank | Licensed institutional custodian |
Each score with the evidence behind it.
| Criterion | BitGo | Hex Trust |
|---|---|---|
| Regulatory standing | 5/5 Custody licences from the OCC, NYDFS, BaFin, MAS and VARA published. | 5/5 Licences in Singapore, Dubai and Hong Kong published. |
| Published pricing | 1/5 Fee method published; no rates. | 0/5 Not published on the pages read. |
| Asset coverage | 5/5 1,110+ assets across 44+ blockchains published. | 5/5 501 assets published. |
| Security assurance | 4/5 SOC 2 Type 2 and full cold storage published; SOC 1 and ISO 27001 not stated. | 5/5 SOC 1 Type II, SOC 2 Type II and ISO 27001 with auditors named. |
| Insurance | 5/5 $250M cover and Lloyd's insurers published. | 4/5 $25M shared cover published; insurer not named. |
| Client asset segregation | 5/5 Segregated, bankruptcy-remote wallets stated. | 5/5 On-chain segregation and insolvency-remote structure stated. |
Each criterion is scored 0 to 5 against the best published offer in the Crypto Custody Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | BitGo | Hex Trust |
|---|---|---|
| Regulatory standing | Licences page: BitGo Bank & Trust, National Association, authorised by the OCC; BitGo New York Trust Company, regulated by NYDFS; BitGo Europe GmbH, MiCAR licence from BaFin; BitGo Singapore, Major Payment Institution licence from MAS; BitGo Custody MENA FZE, licensed by VARA for custody; BitGo GmbH, affiliated with VQF under FINMA supervision. | Custody FAQ: "Registered with the Monetary Authority of Singapore (MAS) as a Major Payment Institution"; "Regulated by the Dubai Virtual Assets Regulatory Authority (VARA) to offer virtual asset custody services"; licensed under Hong Kong's Trust or Company Service Provider regime. |
| Pricing | Billing methodology: a basis point fee on average assets under custody plus fees on outgoing transfers, at "the rate or tiered rates specified in the client's agreement". No rates published. | Not published on the pages read. |
| Asset coverage | "supports more than 1,110 crypto assets across more than 44 different blockchains" (BitGo article). | "Hex Safe supports the following 501 assets, listed alphabetically by ticker" (help centre). |
| Security | "100% Cold Storage" in "Cold storage environments that are offline"; SOC 2 Type 2, renewed annually (BitGo article). SOC 1 not stated on the pages read. | Trust Center: SOC 2 Type II (December 2023, AssuranceLab), SOC 1 Type I and II (February 2023, Deloitte), ISO 27001:2013; keys held in FIPS 140-3 Level 3 hardware security modules in air-gapped environments. |
| Insurance | "We maintain a $250M insurance policy on digital assets where BitGo Bank & Trust, National Association maintains all of the keys", from "a syndicate of insurers in the Lloyd's of London and European Marketplace". | "Our insurance policy provides a maximum coverage of US$25,000,000 across all clients"; dedicated cover can be extended "upon agreement with our Lead Insurer". Insurer not named. |
| Segregation | Custodial wallets are "structured to keep client assets segregated from corporate balance sheets" and "segregated and structured to be bankruptcy-remote". | "Client assets are both legally and technologically segregated through on-chain account structures"; "Hex Trust utilises an insolvency-remote legal structure". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by BitGo: pricing and security.
Not published or not stated by Hex Trust: pricing and insurance.
Facts read on 26 October 2026 from: bitgo.com/products/qualified-custody, bitgo.com/company/licenses, bitgo.com/resources/billing-methodology, bitgo.com/solutions/insurance, bitgo.com/resources/blog/…, bitgo.com/resources/blog/…; and hextrust.com/services/custody, hextrust.com/trust-center, hextrust.com/insurance-coverage-framework, help.hextrust.com/knowledge/….
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
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