European Crypto Custody Providers

#1 DFNS

Paris, France Starter $800/year, Basic $8,000/year, Pro $35,000/year, Enterprise custom (USD, 30-day free trial) Demo on request

Best for: Banks and fintechs that embed wallets or custody in their own product

• Operating company. DFNS (simplified joint stock company)
• Jurisdiction. EU (France)
• Where the data sits. DFNS cloud, your cloud or on-premises
• Source code. Closed source
• Replaces. BitGo wallet API, Fireblocks, in-house key management

DFNS supplies the layer beneath a custody service: keys, signing, policies and a wallet API. It uses multi-party computation and threshold signatures, and states that a complete private key is never stored anywhere. The same platform runs in DFNS's own cloud, in the customer's cloud or fully on-premises, and the pages list more than 100 blockchains and SDKs in eight languages.

The company is a Paris simplified joint stock company, and its terms apply French law with the courts of Paris. It states that it is a technology provider and not a custodian, so the regulated client keeps responsibility for the assets. Plans are public, at $800, $8,000 and $35,000 a year plus a custom tier, but the Starter plan covers one blockchain and one user, and the pages checked give no founding date or licence number.

Standout feature. DFNS is the only provider on this page that publishes plan prices and lets you test the API on a 30-day trial.

#2 Tangany

Munich, Germany Pricing on request Demo on request

Best for: Banks, brokers and fintechs wanting a licensed German custodian under their own app

• Operating company. Tangany GmbH
• Jurisdiction. EU (Germany)
• Where the data sits. Germany (not stated per client; confirm in contract)
• Source code. Closed source
• Replaces. BitGo, in-house wallet infrastructure

Tangany GmbH is a Munich crypto custodian that sells to businesses, not individuals. Its site cites BaFin licence number 50085612 for crypto custody, and the company appears in the Munich commercial register under HRB 246113. The Tangany Suite is described as API-first, cloud-based and fully white-label, so an end customer sees the partner's brand.

The product page lists more than 250 cryptocurrencies, tokenized assets, NFTs, crypto accounting and a KYC data exchange, with staking on four protocols. The pages checked state neither prices, the founding year nor the data-centre location, and there is no self-hosted option, so a client confirms the hosting country in the contract.

Standout feature. Tangany combines a cited BaFin custody licence with a wallet API that partners resell under their own brand.

#3 Boerse Stuttgart Digital Custody

Stuttgart, Germany Founded 2019 Pricing on request Demo on request

Best for: Licensed institutions needing sub-custody, and unlicensed firms wanting a full service

• Operating company. Boerse Stuttgart Digital Custody GmbH
• Jurisdiction. EU (Germany)
• Where the data sits. Germany
• Source code. Closed source
• Replaces. BitGo, Coinbase Custody

Boerse Stuttgart Digital Custody GmbH belongs to a German exchange group and describes itself as MiCAR licensed and supervised by BaFin. The company says custody has been running since its founding in 2019, and its sales pages carry the line Made in Germany, Designed for Europe. Wallets come in hot, cold and ice-cold tiers.

Two service models exist: sub-custody for institutions that hold their own licence, and a full service for firms that want market access without one. Crime insurance is described as underwritten by a consortium led by Munich Re and Zurich, and the security concept cites ISO 27001 and SOC 2. The imprint page lists the holding and broker companies, not the custody GmbH, so the custody entity's register entry was not confirmed.

Standout feature. Boerse Stuttgart Digital Custody offers licensed institutions sub-custody and unlicensed firms a full service from the same German group.

#4 Taurus

Geneva, Switzerland Founded 2018 Pricing on request Demo on request

Best for: Banks and market infrastructures building their own custody and tokenization service

• Operating company. Taurus SA
• Jurisdiction. Switzerland (adequacy decision, outside the EEA)
• Where the data sits. Depends on deployment model
• Source code. Closed source
• Replaces. BitGo, Fireblocks, Metaco

Taurus SA, founded in 2018 in Geneva, builds software for banks: Taurus-PROTECT for custody, Taurus-CAPITAL for tokenization, Taurus-PRIME for trading and Taurus-NETWORK for settlement. Keys stay with the client on an HSM root of trust, and deployment is managed, on-premises or hybrid. Its site names State Street, Deutsche Bank, CACEIS, KBC, Pictet and Swissquote among its clients.

The company says plainly that it is a technology provider and not a custodian. Taurus SA holds a FINMA securities firm licence, and Taurus (Europe) Ltd is authorised by CySEC. Switzerland sits outside the EEA with an adequacy decision. Pricing is unpublished, the model suits banks rather than small firms, and its terms exclude United States persons from the site.

Standout feature. Taurus is the vendor whose own site lists large banks such as State Street and Deutsche Bank as users of its custody and tokenization software.

#5 Zodia Custody

London, United Kingdom Pricing on request Demo on request

Best for: Asset managers and banks wanting cold storage without slow withdrawals

• Operating company. Zodia Custody Limited
• Jurisdiction. United Kingdom (adequacy decision, outside the EEA)
• Where the data sits. Secured data centres (country not stated)
• Source code. Closed source
• Replaces. BitGo, Coinbase Custody

Zodia Custody Limited is incorporated in England and Wales (company number 12418687), registered with the FCA for cryptoasset activity, and names a Luxembourg registration with the CSSF. Its custody page describes keys in HSMs and air-gapped cold wallets with instant access and 24/7 withdrawals. Wallets are segregated, and the structures are described as insolvency-remote.

The about page lists Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank and Emirates NBD as backers, and a news item reports signed agreements for Standard Chartered to acquire Zodia Custody UK Limited, subject to approvals. The terms of use follow the law of England and Wales, so the lead counterparty is British. The FCA entry is a money laundering registration, and SOC 2 is listed as Type I.

Standout feature. Zodia Custody says cold-wallet assets stay air-gapped yet can be withdrawn instantly, around the clock.

#6 Crypto Finance

Zurich, Switzerland Founded 2017 Pricing on request Demo on request

Best for: Banks and intermediaries that outsource their clients' crypto custody

• Operating company. Crypto Finance AG
• Jurisdiction. Switzerland (adequacy decision, outside the EEA)
• Where the data sits. Not stated on pages checked
• Source code. Closed source
• Replaces. BitGo, Coinbase Custody

Crypto Finance AG is a Zurich custodian, active in digital assets since 2017, which describes itself as part of Deutsche Boerse Group and as a FINMA-regulated securities firm. Its German subsidiary, Crypto Finance (Deutschland) GmbH, is BaFin-regulated and holds a MiCAR licence for the EU. Services include custody, sub-custody and a self-custody HSM platform on shared or dedicated hardware.

Clients reach it through an API, SWIFT or a web UI, and the site mentions Clearstream connectivity. The custody pages cite FIPS 140-2 Level 3 HSMs, SOC 1 Type 1 ISAE 3402 on one line and SOC 2 Type II on another, so audit scope needs checking. The pages do not state prices, server location, or which entity signs which contract.

Standout feature. Crypto Finance lets a bank reach its custody service over SWIFT as well as through an API.

#7 Bitcoin Suisse

Zug, Switzerland Founded 2013 Fee based on assets under custody; rates on request Demo on request

Best for: Foundations and firms wanting segregated addresses with on-chain ownership proof

• Operating company. Bitcoin Suisse AG
• Jurisdiction. Switzerland (adequacy decision, outside the EEA)
• Where the data sits. Switzerland (keys stay in Switzerland per vendor)
• Source code. Closed source
• Replaces. BitGo, Coinbase Custody

Bitcoin Suisse AG works from Theilerstrasse 1a in Zug (UID CHE-472.481.853) and says it has been fully committed to crypto since 2013. It offers a Crypto Account, a Vault Account with multisig and a Proof Wallet. The Proof Wallet gives each client a dedicated blockchain address with message signing for Bitcoin, Ethereum and Cardano, so anyone can verify who controls the keys.

The site states that client keys never leave Switzerland and cites a PwC ISAE 3402 Type 2 audit, a penetration test and a source code audit. Fees follow crypto assets under custody, with network fees covered, but no rate table appeared on the pages read. The service is sold directly rather than as white-label software, and no regulatory licence was visible on the fetched pages.

Standout feature. Bitcoin Suisse lets third parties verify on the blockchain that it controls the keys of a client's address.

#8 Bitpanda Enterprise Custody

Vienna, Austria Pricing on request Demo on request

Best for: Banks and fintechs wanting a hardware-key layer to deploy in their own environment

• Operating company. Bitpanda GmbH (group entity varies by jurisdiction)
• Jurisdiction. EU (Austria)
• Where the data sits. Depends on deployment model
• Source code. Closed source
• Replaces. BitGo, Metaco

Bitpanda Enterprise Custody is the signing and governance layer of Bitpanda GmbH, a Vienna company (Commercial Court Vienna, FN 569240 v), whose enterprise arm says it has run regulated digital asset infrastructure since 2014. Keys sit in FIPS 140-2 Level 3 HSMs, with quorum approvals, allowlists and spending limits. The deployment choices are multi-tenant, dedicated, and online or offline on-premises.

The enterprise page lists N26, LBBW and RLB NOe-Wien as references and says services may be delivered by entities under MiCAR, UK FCA or UAE VARA authorisations. It does not name the contracting entity per country, publishes no price, and quotes 99.75 percent uptime. Every deployment model supports encrypted key export through a documented offboarding process.

Standout feature. Bitpanda Enterprise Custody documents an encrypted key export for every deployment model, which gives clients a defined way out.

#9 Copper

Zug, Switzerland Founded 2018 Pricing on request Demo on request

Best for: Trading firms and asset managers that settle against exchanges while assets stay in custody

• Operating company. Copper Markets (Switzerland) AG
• Jurisdiction. Switzerland (adequacy decision, outside the EEA)
• Where the data sits. Not stated on pages checked
• Source code. Closed source
• Replaces. BitGo, Coinbase Custody, Anchorage Digital

Copper is the trading name of Copper Markets (Switzerland) AG in Zug (CHE 477.629.838), which says it has served digital asset institutions since 2018. Custody uses proprietary multi-party computation, so no whole private key exists, with on-chain and legal segregation. The distinctive part is ClearLoop, an off-exchange settlement network where collateral remains held at Copper while clients trade on connected venues.

A financing desk and collateral management sit on the same platform, and the site states $500M specie insurance. Copper is a member of the VQF self-regulatory organisation, which FINMA supervises, and that is not a bank or securities-firm licence. Services are reserved for institutions with professional treasury management, no prices are published, and the homepage mentions a leadership transition.

Standout feature. Copper keeps collateral in custody while its clients trade on connected exchanges through ClearLoop.

#10 Ledger Enterprise

Paris, France Founded 2014 Pricing on request Demo on request

Best for: Banks and exchanges wanting approval policies enforced in hardware

• Operating company. Ledger SAS (as named in the privacy policy linked from the enterprise site)
• Jurisdiction. EU (France)
• Where the data sits. Not stated on pages checked
• Source code. Closed source
• Replaces. BitGo, Fireblocks

Ledger Enterprise calls itself the institutional arm of Ledger, founded in Paris in 2014. The privacy policy linked from the enterprise site names Ledger SAS, 106 rue du Temple, Paris. Quorum approvals are enforced in HSM firmware, and an on-premise HSM product is described with FIPS 140-2 Level 3 and EAL6+ certification, alongside multisig, staking, Tradelink collateral trading and tokenization.

The site claims more than 100 enterprise clients since 2019 and support for over 5,000 coins and tokens, which are the vendor's own figures, as are its security statistics. The enterprise contracting entity is not named on the pages read, and Ledger lists offices in New York and Portland, so the signer must be confirmed. It presents infrastructure rather than a licensed custodian, and prices are not published.

Standout feature. Ledger Enterprise enforces its approval quorums in the firmware of its own certified HSMs.

#11 AMINA Bank

Zug, Switzerland Founded 2019 See website Demo on request

Best for: Corporates and institutions wanting crypto custody and banking at one Swiss bank

• Operating company. AMINA Bank AG
• Jurisdiction. Switzerland (adequacy decision, outside the EEA)
• Where the data sits. Not stated on pages checked
• Source code. Closed source
• Replaces. BitGo, Coinbase Custody

AMINA Bank AG, at Kolinplatz 15 in Zug, is a Swiss bank licensed and supervised by FINMA, with an FSRA-regulated branch in the Abu Dhabi Global Market. It says it has built bank services for digital assets since 2019. Custody comes as hot wallets, air-gapped cold wallets, off-exchange custody and NFT custody, and the custody page states full segregation under Swiss federal law.

Custody sits beside deposits, loans, trading, staking and payments, so a client can borrow or trade against held assets in one relationship. Enterprises can obtain APIs and omnibus accounts. Account opening follows banking onboarding, the pricing page could not be read, the insurance wording differs between hot and cold pages without amounts, and there is no on-premises or white-label option.

Standout feature. AMINA Bank is the one entry where crypto custody and lending against it come from the same FINMA-licensed bank.