Comparison · 2026 edition
Gemini Custody vs Hex Trust: crypto custody compared 2026.
Gemini Custody and Hex Trust side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
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Gemini Custody and Hex Trust side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
In the Crypto Custody Index, Hex Trust scores higher overall: 4.0 out of 5 (81 out of 100) against 3.6 (73), ranking 2 and 4 of 12. Gemini Custody scores higher for corporate treasuries; Hex Trust scores higher for funds and asset managers and crypto, payment and stablecoin firms.
Overall and segment scores out of 100, and the score out of 5.
| Score | Gemini Custody | Hex Trust |
|---|---|---|
| Score out of 5 | 3.6 | 4.0 |
| Score out of 100 | 73 | 81 |
| Overall rank | 4 of 12 | 2 of 12 |
| For funds and asset managers (out of 100) | 74, rank 6 | 87, rank 2 |
| For crypto, payment and stablecoin firms (out of 100) | 65, rank 7 | 83, rank 2 |
| For corporate treasuries (out of 100) | 80, rank 1 | 72, rank 4 |
| Type | Qualified custodian (New York trust company) | Licensed institutional custodian |
Each score with the evidence behind it.
| Criterion | Gemini Custody | Hex Trust |
|---|---|---|
| Regulatory standing | 4/5 New York trust licence with NMLS number published; one jurisdiction. | 5/5 Licences in Singapore, Dubai and Hong Kong published. |
| Published pricing | 5/5 Full custody fee schedule with rate, monthly minimum and withdrawal terms published. | 0/5 Not published on the pages read. |
| Asset coverage | 0/5 Not published on the custody pages read. | 5/5 501 assets published. |
| Security assurance | 5/5 ISO 27001 and SOC 2 Type 2 with cold storage published. | 5/5 SOC 1 Type II, SOC 2 Type II and ISO 27001 with auditors named. |
| Insurance | 4/5 $125M cover published; insurer not named. | 4/5 $25M shared cover published; insurer not named. |
| Client asset segregation | 3/5 On-chain segregated addresses stated; no legal insolvency structure 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 | Gemini Custody | Hex Trust |
|---|---|---|
| Regulatory standing | "Gemini is a fiduciary and qualified custodian under New York Banking Law and is licensed by the State of New York to custody digital assets." Gemini Trust Company, LLC NMLS #1518126. | 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 | Custody Fee Schedule (7 October 2026): "0.4% or $30 per month per asset, whichever is higher"; minimum balance: none; setup fee: waived; withdrawals: network fee passed through (legacy accounts $125). | Not published on the pages read. |
| Asset coverage | Not published on the custody pages read. | "Hex Safe supports the following 501 assets, listed alphabetically by ticker" (help centre). |
| Security | "ISO 27001 and SOC 2 Type 2 certified"; "Instant trading from cold storage"; new accounts use Gemini's MPC (multi-party computation) infrastructure. | 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 | "Gemini maintains $125M in digital asset insurance for certain types of losses": $25M commercial crime cover for the hot wallet and $100M for cold storage (as of 1 March 2024). Insurer not named. | "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 | "All customer assets are segregated using unique digital addresses that are independently verifiable on their respective blockchains." Bankruptcy remoteness not stated. | "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 Gemini Custody: asset coverage, insurance and segregation.
Not published or not stated by Hex Trust: pricing and insurance.
Facts read on 26 October 2026 from: gemini.com/custody, gemini.com/fees/custody-fee-schedule; 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.
Smaller funds and corporates wanting a fully published custody price.
Firms in Asia and the Middle East wanting licensed custody with a published asset list.
Tell us what you need and where you operate.