European Alternatives to BitGo
Looking for a European alternative to BitGo? BitGo, Inc. is a US-listed company (NYSE: BTGO) whose custody runs through BitGo Bank & Trust, National Association, a national trust bank chartered by the Office of the Comptroller of the Currency, and European customers sign with an affiliate such as BitGo Europe GmbH under its own custody services agreement. Institutions that want the custodian, its regulator and its courts inside the EU, the UK or Switzerland compare it with the providers below.
These European custodians and key-management vendors are supervised by BaFin, FINMA or the FCA and sell to banks, asset managers and exchanges, with deployment from hosted vaults to fully on-premises signing.
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11 European Alternatives to BitGo
DFNS
Wallet-as-a-service on MPC, SaaS or fully on-premises
Tangany
BaFin-licensed wallet-as-a-service custody for platforms
Boerse Stuttgart Digital Custody
Fiduciary crypto custody from a German exchange group
Taurus
Custody software for banks, with keys held by the client
Zodia Custody
London custodian with air-gapped cold wallets and instant withdrawals
Crypto Finance
Zurich custodian inside Deutsche Boerse Group, FINMA and BaFin
Bitcoin Suisse
Zug crypto specialist with proof-of-ownership vault accounts
Bitpanda Enterprise Custody
HSM custody from Vienna, hosted or on your own premises
Copper
MPC custody joined to trading, settlement and collateral
Ledger Enterprise
Hardware-enforced wallet infrastructure from Ledger in Paris
AMINA Bank
Swiss bank offering hot, cold and off-exchange crypto custody
Key takeaways
- BitGo's custody runs through BitGo Bank & Trust, a US national trust bank, and its group holding company is a Delaware corporation in South Dakota.
- European BitGo clients are offered a custody services agreement with BitGo Europe GmbH, an affiliate in the same group.
- Of the eleven European alternatives, DFNS, Taurus and Ledger Enterprise are technology vendors that leave custody liability with the client.
- Tangany, Boerse Stuttgart Digital Custody and Crypto Finance name BaFin supervision, and AMINA Bank and Taurus name FINMA.
- Only DFNS publishes plan prices (from $800 a year); the other ten sell on request.
Why people leave BitGo
BitGo sells digital asset custody and the services that sit on top of it: wallets, trading, financing, collateral management, settlement, staking and stablecoin issuance. Its homepage says the company was founded in 2013 and is listed on the NYSE under BTGO. For a European institution the product list is only half the picture. The other half is which legal entity holds the assets and under whose law a dispute would be settled.
On that point BitGo's own pages are specific. The footer describes BitGo Bank & Trust, National Association as a national trust bank chartered and regulated by the Office of the Comptroller of the Currency, owned by BitGo Holdings, Inc., a Delaware corporation headquartered in Sioux Falls, South Dakota. The legal page lists a separate custody services agreement for BitGo Europe GmbH, so a European client usually signs with that affiliate and not with the US bank.
People who look past BitGo are rarely unhappy with the technology. They are an EU bank, an asset manager or an exchange whose supervisor, board or auditor wants the custodian, its regulator and its courts in the EU, the UK or Switzerland, or a firm that wants to run the key infrastructure itself. The eleven providers below answer that question in different ways, and only some of them are custodians in the BitGo sense.
- The parent, the bank and the courts are American BitGo, Inc. is NYSE-listed, the trust bank behind its qualified custody is chartered by a US federal regulator, and the group holding company is a Delaware corporation. A European affiliate exists, but it sits inside that group. A procurement team that has to document the jurisdiction of the ultimate parent will write United States, whatever the contracting affiliate is called.
- Several entities and agreements to read The legal page publishes separate agreements and signer forms for BitGo Europe GmbH, BitGo MENA, BitGo Singapore and BitGo Bank & Trust, and the footer adds BitGo, Inc. and BitGo Prime, LLC as separately operated affiliates. Which one holds your assets and which one provides trading is a due diligence question, not something the homepage answers.
- Running the keys in your own perimeter is not the pitch BitGo lists self-custody wallets next to its regulated custody, yet the pages we read present BitGo-operated services and an SDK, and none describes an on-premises signing platform. Banks that need keys on their own hardware look at DFNS, Taurus, Bitpanda Enterprise Custody or Ledger Enterprise, which publish on-premises models.
- Bundled financial services you may not want BitGo positions custody as the entry point to a prime platform with trading, financing and staking. That suits a trading firm. A bank that only needs safekeeping, or a fintech that only needs a wallet API, pays for a relationship with more moving parts than the job requires, which is where narrower European vendors compete.
What you have to replace, not just match
The first thing to replace is the custody contract itself: the segregation terms, the insurance, the withdrawal process and the liability if something goes wrong. BitGo's homepage names withdrawals seven days a week and a dedicated account manager among its support features. Ask each European provider for the same three things in writing, because the pages we read confirm them only for some (Zodia Custody states instant cold withdrawals, Bitcoin Suisse names a relationship manager).
The second is the integration layer. Teams that use the BitGo SDK, REST APIs or Express for transfers, whitelists and policy approvals need a mapping to the new provider's API. Tangany and DFNS are API-first. Crypto Finance adds SWIFT and a UI. Bitcoin Suisse offers FIX and REST. Plan the rebuild of approval flows, address books and reporting, not only the transfer of coins.
The third is everything BitGo bundles beyond safekeeping: prime trading, financing, collateral and off-exchange settlement, staking, stablecoin services. Copper covers settlement and collateral, AMINA Bank covers credit and trading against custodied assets, Taurus covers tokenization and settlement software. A single replacement for all of it does not exist among the eleven, so decide which services you keep before you pick the custodian.
The alternatives compared
| Position | Tool | Headquarters | Pricing | Jurisdiction |
|---|---|---|---|---|
| #1 | DFNS | Paris, France | Starter $800/year, Basic $8,000/year, Pro $35,000/year, Enterprise custom (USD, 30-day free trial) | EU (France) |
| #2 | Tangany | Munich, Germany | Pricing on request | EU (Germany) |
| #3 | Boerse Stuttgart Digital Custody | Stuttgart, Germany | Pricing on request | EU (Germany) |
| #4 | Taurus | Geneva, Switzerland | Pricing on request | Switzerland (adequacy decision, outside the EEA) |
| #5 | Zodia Custody | London, United Kingdom | Pricing on request | United Kingdom (adequacy decision, outside the EEA) |
| #6 | Crypto Finance | Zurich, Switzerland | Pricing on request | Switzerland (adequacy decision, outside the EEA) |
| #7 | Bitcoin Suisse | Zug, Switzerland | Fee based on assets under custody; rates on request | Switzerland (adequacy decision, outside the EEA) |
| #8 | Bitpanda Enterprise Custody | Vienna, Austria | Pricing on request | EU (Austria) |
| #9 | Copper | Zug, Switzerland | Pricing on request | Switzerland (adequacy decision, outside the EEA) |
| #10 | Ledger Enterprise | Paris, France | Pricing on request | EU (France) |
| #11 | AMINA Bank | Zug, Switzerland | See website | Switzerland (adequacy decision, outside the EEA) |
How each alternative compares to BitGo
Best for: Fintechs and banks that embed wallets in their product and want to control key infrastructure
Against BitGo, DFNS is a narrower and more technical purchase. It sells MPC and threshold-signature wallet infrastructure, with SaaS, hybrid or on-premises deployment, and says no complete private key is ever created. BitGo's wallet services and SDK cover similar ground, but BitGo also holds assets as a regulated custodian.
That difference decides the contract. DFNS is a Paris company under French law and states it is a technology provider only, so your institution keeps the custody duties. The published pricing, from $800 a year with a 30-day trial, lets a team test the API before any sales call, which none of the custodians here allow.
What DFNS does better than BitGo
- On-premises and own-cloud deployment
- Published annual plans and a 30-day trial
- French entity under French law
- Eight SDK languages
Where DFNS is a step down from BitGo
- No regulated custody, insurance or segregation structure
- Prices in US dollars
- No trading or financing services
Standout against BitGo. DFNS is the only one of the eleven that publishes plan prices.
Best for: Banks, brokers and fintechs that want a German custodian white-labelled under their own app
Tangany GmbH is the closest like-for-like swap for BitGo's wallet and custody service among the German providers. Its site cites a BaFin crypto custody licence, and the company sits in the Munich commercial register, so the custodian and the courts are in Germany and not in a US-parented group.
The service is delivered as a white-label API, with accounting and KYC data exchange, so your customers never see Tangany. What it lacks against BitGo is breadth: staking covers four protocols, there is no self-hosted option, and no prices are published. Expect a sales conversation before you can compare cost.
What Tangany does better than BitGo
- German entity and German commercial register
- White-label suite with accounting and KYC exchange
- BaFin custody licence cited on its site
Where Tangany is a step down from BitGo
- No published pricing
- No prime trading or financing
- Short staking list of four protocols
Standout against BitGo. Tangany pairs a BaFin custody licence with a wallet API that carries the partner's brand.
Boerse Stuttgart Digital Custody
Exchange-group custody that doubles as sub-custody for licensed institutions
Best for: Banks and brokers wanting a BaFin-supervised sub-custodian, or unlicensed firms wanting full service
Boerse Stuttgart Digital Custody comes from a German exchange group and says it is MiCAR licensed and supervised by BaFin. Against BitGo, that gives an EU-licensed custodian with a long-standing institutional parent, rather than a US-listed company with a European affiliate. The site says custody has run since 2019.
It offers two models: sub-custody for institutions with their own licence, and a full service for those without. Its crime insurance is described as underwritten by a consortium led by Munich Re and Zurich. BitGo is broader on staking and prime services, and Boerse Stuttgart handles staking only through partners.
What Boerse Stuttgart Digital Custody does better than BitGo
- MiCAR licence and BaFin supervision stated
- Sub-custody model for licensed institutions
- Insurance consortium named on its site
- Keys and data in Germany
Where Boerse Stuttgart Digital Custody is a step down from BitGo
- No published pricing
- No on-premises deployment
- Staking through third-party partners
Standout against BitGo. Boerse Stuttgart Digital Custody sells sub-custody to licensed institutions and full service to unlicensed ones from the same German entity.
Best for: Banks and market infrastructures building an in-house custody and tokenization service
Taurus does not hold your assets. It sells banks the platform to do it themselves: Taurus-PROTECT for custody, plus tokenization, trading and settlement modules, with keys held by the client on an HSM root of trust. Against BitGo, that reverses the model, from a custodian to a vendor of custody software.
The company is Swiss, with a FINMA securities firm licence and a Cypriot CySEC-authorised subsidiary, and names banks such as State Street, Deutsche Bank and Pictet among its clients. It is aimed at institutions, not small funds, and its terms exclude United States persons from the site, which matters if you have US group entities.
What Taurus does better than BitGo
- Client-held keys with managed, on-premises or hybrid deployment
- Custody, tokenization, trading and settlement in one platform
- Named bank client base
Where Taurus is a step down from BitGo
- Not a custodian, so liability stays with you
- No published pricing
- Not suited to small firms
Standout against BitGo. Taurus is the one vendor here whose site names a long list of large banks as users of its custody software.
Best for: Asset managers and banks wanting segregated cold storage with 24/7 withdrawals
Zodia Custody is the one UK entry in the list. Its lead company is Zodia Custody Limited in London, with FCA registration and a Luxembourg registration with the CSSF. Its custody page promises instant access to assets in air-gapped cold wallets, which is a different pitch from BitGo's mix of hot, cold and self-custody wallets.
Bank shareholders, including Standard Chartered and Northern Trust, are listed on the about page, and the site mentions a pending acquisition by Standard Chartered of the UK entity. Terms of use are under the law of England and Wales, so this is a UK, not an EU, counterparty unless you contract with the Luxembourg arm.
What Zodia Custody does better than BitGo
- Air-gapped cold wallets with instant withdrawals
- Segregated wallets and insolvency-remote structures
- Bank shareholders named on its site
Where Zodia Custody is a step down from BitGo
- UK law and courts in its terms
- Pending ownership change
- Prices not published
Standout against BitGo. Zodia Custody states that assets in air-gapped cold wallets can be withdrawn instantly, around the clock.
Best for: Banks and wealth managers wanting an exchange-group custodian reachable by SWIFT, API or UI
Crypto Finance AG is a Zurich company that says it is part of Deutsche Boerse Group and a FINMA-regulated securities firm. Its German subsidiary, Crypto Finance (Deutschland) GmbH, is BaFin-regulated and holds a MiCAR licence. Compared with BitGo, you can contract with a subsidiary of a European exchange group instead of a US-listed one.
The service range includes custody, sub-custody and a self-custody HSM platform, with API, SWIFT and UI access. The cost is complexity: two entities and two regulators mean you must check which one signs. The custody pages cite two different audit standards, SOC 1 and SOC 2, so ask for the reports.
What Crypto Finance does better than BitGo
- SWIFT access alongside API and UI
- Exchange-group membership and a BaFin MiCAR subsidiary
- Self-custody HSM option on shared or dedicated hardware
Where Crypto Finance is a step down from BitGo
- Two entities and two regulators to untangle
- No published pricing
- Server location not stated
Standout against BitGo. Crypto Finance lets a bank reach its custody through the SWIFT network as well as an API.
Best for: Foundations and firms that want segregated addresses with verifiable ownership proof
Bitcoin Suisse has been in crypto since 2013 and sells custody directly to clients, from its office in Zug. Its Proof Wallet gives each client a dedicated address and message signing for Bitcoin, Ethereum and Cardano, so anyone can verify that Bitcoin Suisse controls the keys. Against BitGo, it trades breadth for transparency.
The site says client keys never leave Switzerland and names a PwC ISAE 3402 Type 2 audit. Fees follow assets under custody, with no rate table on the pages read, and no regulatory licence was visible there either. It is not a white-label platform, so a bank that wants to embed custody in its own app will look elsewhere.
What Bitcoin Suisse does better than BitGo
- On-chain proof that the custodian controls the keys
- Keys stated to stay in Switzerland
- FIX and REST APIs plus relationship-manager support
Where Bitcoin Suisse is a step down from BitGo
- No white-label or on-premises option
- Fewer protocols in the Vault Account
- No licence details or rates on pages read
Standout against BitGo. Bitcoin Suisse lets outsiders verify custody on the blockchain through its Proof Wallet.
Best for: Banks and fintechs wanting hardware keys they can host, dedicate or run on-premises
Bitpanda Enterprise Custody offers HSM-held keys with quorum approvals, allowlists and spending limits, available multi-tenant, dedicated or on-premises, including an offline air-gapped option. The parent is Bitpanda GmbH in Vienna, and the enterprise page cites N26, LBBW and RLB NOe-Wien as references.
Its pages state that every deployment supports encrypted key export through a documented offboarding process. That answers the lock-in question directly, which is worth asking every provider. Which Bitpanda company signs depends on the jurisdiction, and the page quotes 99.75 percent uptime, so confirm the counterparty and the service levels before signing.
What Bitpanda Enterprise Custody does better than BitGo
- Offline on-premises model and encrypted key export
- Austrian parent under EU law
- Travel Rule and KYT included
Where Bitpanda Enterprise Custody is a step down from BitGo
- Contracting entity varies by country
- No published pricing
- Stated uptime of 99.75 percent
Standout against BitGo. Bitpanda Enterprise Custody documents how a client takes its keys out again.
Best for: Trading firms and asset managers that settle against exchanges while assets remain in custody
Copper Markets (Switzerland) AG in Zug is the alternative that resembles BitGo's prime offering most closely. Its ClearLoop network settles trades on connected venues while collateral stays in custody, and a financing desk and collateral management sit on the same platform, next to MPC custody.
The licensing is lighter than a bank's: Copper is registered as a financial intermediary with the VQF self-regulatory organisation, which FINMA authorises. It serves institutional clients only, and the homepage mentions a leadership transition. For a firm that trades daily, those points weigh against BitGo's OCC-chartered trust bank.
What Copper does better than BitGo
- Off-exchange settlement linked to custody
- Swiss entity with on-chain and legal segregation
- Collateral and financing in one platform
Where Copper is a step down from BitGo
- SRO registration, not a bank licence
- Institutional clients only
- Management transition under way
Standout against BitGo. Copper keeps collateral in custody while clients trade on connected venues through ClearLoop.
Best for: Banks and exchanges wanting approval rules enforced inside hardware
Ledger Enterprise is the institutional arm of Ledger, which says it was founded in Paris in 2014. It enforces quorum approvals in HSM firmware and offers an on-premise product on FIPS 140-2 Level 3 and EAL6+ hardware, with staking, collateral trading and tokenization modules. Against BitGo, it is infrastructure that you operate yourself.
Two cautions apply. The enterprise contracting entity is not named on the pages we read, only Ledger SAS in the privacy policy, and Ledger lists offices in New York and Portland, so confirm who signs. The headline figures on its homepage are the company's own, and it is not a licensed custodian.
What Ledger Enterprise does better than BitGo
- Hardware-enforced approval policies
- On-premise option on certified HSMs
- Paris origin and French privacy-policy entity
Where Ledger Enterprise is a step down from BitGo
- Contracting entity not named on pages read
- Not a licensed custodian
- No published pricing
Standout against BitGo. Ledger Enterprise enforces approval quorums in firmware on its own hardware.
Best for: Companies and institutions wanting custody, credit and payments from one Swiss bank
AMINA Bank AG in Zug is the only entry that is a bank. It holds crypto in hot, air-gapped cold, off-exchange and NFT custody, segregated under Swiss law, and lets clients borrow and trade against those assets. That makes it the closest match to BitGo's bank-plus-trust structure, with a European regulator instead of the OCC.
As a bank it applies banking onboarding, which can take longer than a specialist vault. The pricing page could not be read, insurance amounts are not stated, and there is no on-premises or white-label option. It also has an FSRA-regulated branch in Abu Dhabi, so confirm which entity holds your account.
What AMINA Bank does better than BitGo
- FINMA-licensed bank structure
- Credit and trading against custodied assets
- Segregation under Swiss law stated
Where AMINA Bank is a step down from BitGo
- Slower banking onboarding
- No on-premises or white-label option
- No fee or insurance amount found
Standout against BitGo. AMINA Bank offers loans against custodied crypto inside a licensed European bank.
What actually breaks when you switch
Moving assets is the easy part of leaving BitGo. The work is in the surrounding configuration: address whitelists, approval policies, user roles, reporting formats and any code written against the SDK or Express. A new provider rebuilds these on its own model, so expect a parallel run, with the old and new custody accounts both active until the new approval flows and reports are accepted by your auditor.
Contracts add delay. Licensed custodians and banks apply onboarding and due diligence of their own, which AMINA Bank states openly, and several providers decide fees only after a sales conversation. If you move to a technology vendor such as DFNS, Taurus or Ledger Enterprise, add the time to set up the regulatory perimeter around it, because the custody liability moves to your institution on the day you go live.
Is a BitGo Europe GmbH account the same as using a European custodian?
Not in the sense most supervisors mean. BitGo Europe GmbH is an affiliate with its own custody services agreement, which makes the contract a German one, but the group above it is BitGo, Inc. and, for qualified custody in the US, BitGo Bank & Trust. The question for your compliance team is whether the ultimate parent counts, and for many institutions it does.
A provider such as Tangany or Boerse Stuttgart Digital Custody puts the licensed custodian itself in Germany. Crypto Finance and Taurus are Swiss, with a German and a Cypriot subsidiary respectively. Each fixes the jurisdiction question differently, so ask which entity signs and which licence covers your assets.
Can I keep my own keys and still leave BitGo?
Yes, if you move to a technology vendor instead of a custodian. DFNS, Taurus and Ledger Enterprise state that they provide infrastructure and that the client stays responsible for the assets. Taurus and DFNS describe on-premises deployment, Ledger Enterprise has an on-premise HSM product, and Bitpanda Enterprise Custody describes an offline on-premises model with documented encrypted key export.
The price of that control is that you carry the regulatory duties. If your institution does not hold its own custody licence, a custodian such as Tangany, Zodia Custody or AMINA Bank is the more realistic route.
Which one to pick
For a regulated EU institution that wants a custodian to hold its assets, start with Tangany, Boerse Stuttgart Digital Custody or Crypto Finance, then compare Bitcoin Suisse and AMINA Bank if a Swiss counterparty is acceptable. Zodia Custody fits when a UK counterparty and fast cold withdrawals matter more than EU law. Ask each for the entity, licence and insurance in writing.
For a bank or fintech that wants to run custody itself, DFNS, Taurus, Bitpanda Enterprise Custody and Ledger Enterprise are the candidates, differing in who bears the regulatory duties and how keys are protected. Copper is the pick when settlement and collateral are why you use BitGo. If prime trading and an OCC-chartered bank matter most, BitGo still has the broader range.
Frequently Asked Questions
It depends on the criterion. DFNS fits teams that want to embed wallets and run the keys in their own cloud or on-premises. Tangany and Boerse Stuttgart Digital Custody fit firms that want a German custodian holding the assets. Taurus suits banks building their own custody service, and AMINA Bank suits companies that want custody and banking at one Swiss bank.
BitGo's legal page lists a custody services agreement for BitGo Europe GmbH and publishes MiCA crypto-asset white papers. Its footer, however, describes the US custody bank as OCC-regulated. We did not read a European licence on the pages we checked, so confirm the licence and the supervisor with BitGo before relying on the affiliate.
Only DFNS: Starter at $800 a year, Basic at $8,000, Pro at $35,000 and a custom Enterprise plan, with a 30-day trial, all in US dollars. Bitcoin Suisse says fees are based on assets under custody but shows no rate table. Tangany, Taurus, Zodia Custody, Crypto Finance, Copper, Ledger Enterprise and the Bitpanda and Boerse Stuttgart offers are quoted on request.
No. DFNS, Ledger Enterprise, Tangany, Boerse Stuttgart Digital Custody and Bitpanda Enterprise Custody are EU companies. Taurus, Crypto Finance, Bitcoin Suisse, Copper and AMINA Bank are Swiss, and Zodia Custody is in London. Switzerland and the UK are outside the EEA but have EU adequacy decisions, and Crypto Finance and Zodia Custody also name EU subsidiaries or registrations.
Partly. Copper links custody to ClearLoop settlement, collateral management and a financing desk, and AMINA Bank offers loans and trading against custodied assets. Taurus ships trading and settlement software for banks. None of the pages we read describes a single platform that matches BitGo's whole range, so check the services you actually use today.
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