Anchorage Digital
Federally authorized cryptobank
San Francisco / New York / Sioux Falls / Singapore / Porto
Valuation of $4.2 billion
Backed by a16z, GIC, Goldman Sachs, KKR, Visa, Tether
OCC National Trust Bank Charter as of January 2021
Longest Federally Chartered Crypto Bank
Subject to continuing review by the OCC
2022 OCC AML Consent Order Resolved After Remediation
BitGo
Public and federally authorized custody
Sioux Falls/Palo Alto
$104 billion + AUC
Valuation of $2.08 billion in IPO
NYSE: BTGO from January 22, 2026
OCC National Trust Bank Final Charter
NYSE IPO raised $212.8 million in January 2026
First publicly traded federally chartered digital asset infrastructure company
Block
Long-established public fintech
San Francisco, United States
Cash App and Square Ecosystem
57 million monthly Cash App assets in Q4 2025
New York Stock Exchange: XYZ, formerly SQ
Public since November 2015
Public company governance track record spanning more than a decade
Spiral continues to support core Bitcoin development
BNY
Global Bank with Crypto Custody Area
New York, United States
$55.8 billion total AUC/A
Founded in 1784 as the oldest bank in the US.
New York Stock Exchange: BK
OCC Regulated Bank
Morgan Stanley Bitcoin Trust Co-Custodian
BTC and ETH live custody operational from 2022
Bullish
Public institutional exchange
George Town, Cayman Islands
Institutional spot and derivatives trading platform
Governance of exchange in the public market
New York Stock Exchange: BLSH
Listed via SPAC merger in August 2025
NYSE listing brought public market governance to the scene
Led by Tom Farley, former president of the New York Stock Exchange
Internet Circle Group
Public stablecoin issuer
Boston / New York, United States
USDC $73 billion market cap
Deloitte Monthly Reserve Certifications
NYSE: CRCL from June 2025
OCC Conditional National Trust Bank Charter
First publicly traded stablecoin issuer
Conditional letter from OCC granted December 12, 2025
Coinbase
Cryptonative public company
Wilmington / San Francisco, United States
Inclusion of the S&P 500 in 2024
Full SOX compliance; auditor deloitte
NASDAQ: CURRENCY since April 2021
First crypto-native company listed in the US
SEC enforcement action dismissed in February 2025
The board of directors includes Marc Andreessen, Fred Wilson, Tobias Lütke and Gokul Rajaram.
Fidelity Digital Assets, NA
Federal trust operated by asset managers
Boston, United States
Backed by Fidelity’s $15+ trillion AUA platform
FBTC and FETH ETF Custody
OCC Conditional National Trust Bank Charter
Approved on December 12, 2025
FDAS LLC Converts from a New York State Trust to a Federal Trust Bank
Inherits Fidelity’s institutional governance framework
digital galaxy
Public multi-product crypto investment company
New York/Delaware
Trading, asset management, investment banking and mining.
US Public Market Governance Framework
NASDAQ: GLXY from May 16, 2025
Rehomed from Toronto to Delaware
Redomiciliation completed and listing on Nasdaq in May 2025
Moved to full US-listed SOX governance regime.
Kraken (paid)
Cryptobank with multiple statutes and IPO tracking company
San Francisco, United States
The Krak application reached more than 450,000 downloads in 130 countries
Profitable with positive EBITDA according to Co-CEO disclosure
Wyoming SPDI Letter
OCC Trustee Application Filed May 8, 2026
OCC Application for National Trust Status
Deutsche Börse made a secondary share purchase worth $200 million in April 2026
Robinhood Markets
Public retail corridor with cryptocurrency stack
Menlo Park, United States
More than 26 million clients financed in the first quarter of 2026
Expanded Crypto License Base Through Bitstamp
NASDAQ:HOOD from July 2021
MiCAR-CASP operational
Bitstamp acquisition closed in June 2025
WonderFi Acquisition Expanded Canadian Presence in Q1 2026
Ensure
SEC Regulated Tokenization Infrastructure
Miami, United States
Over $4 Billion Assets Under Management (AUM) in Tokenized Assets
Partners include BlackRock, Apollo, Hamilton Lane, KKR, VanEck, BNY
SPAC merger with NASDAQ at a valuation of $1.25 billion
SEC Registered Stock Broker, ATS, Transfer Agent, ERA
SPAC merger announced through Cantor Equity Partners
NYSE selected Securitize for its tokenized securities platform
Chartered Standard
TradFi Global Bank with Digital Asset Stack
London, United Kingdom
Assets of 900 billion dollars
Emerging markets bank more than 170 years old
LSE: STAN and HKEX: 2888
Multi-jurisdictional CIB governance
Naveen Mallela joined as Head of Payments in May 2026
Zodia Custody remains majority owned through SC Ventures
Strategy (MicroStrategy)
Bitcoin Treasury Public Corporation
Tyson Corner, Virginia
The largest corporate BTC holder in the world
Public company since 1998
NASDAQ:MSTR
Rebranded from MicroStrategy in February 2025
Maintains a long-standing information disclosure regime for public companies
Bitcoin treasury model governed by Nasdaq filings
Signum
Cryptobank with Swiss license
Zurich, Switzerland
More than 2000 institutional clients in more than 70 countries
AUM of more than $5 billion; Post-money valuation of over $1 billion
FINMA banking license since 2019
MAS CMS, Liechtenstein banking license, ADGM
It reached unicorn status in January 2025.
Sygnum Connect and Sygnum Protect are active products