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  1. Services
  2. Crypto & Blockchain Services
  3. Crypto Wallets & Asset Custody
  4. Institutional Custody Solutions
  5. Custody Partner Selection for Corporates (BitGo, Fireblocks, Copper)

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Institutional Custody Solutions

Custody Partner Selection for Corporates (BitGo, Fireblocks, Copper)

What is the main difference between BitGo and Fireblocks?

BitGo is traditionally built on Multisig smart contract architecture, highly favored for deep, insured cold storage. Fireblocks utilizes MPC (Multi-Party Computation) technology, offering significantly faster transaction speeds and lower network gas fees, making it ideal for active trading platforms and exchanges.

Do Georgian VASPs really need to hire an institutional custodian?

While you technically can build your own custody system from scratch, the National Bank of Georgia (NBG) demands exceptionally high security standards. Using a globally recognized, SOC 2 certified custodian dramatically simplifies the VASP licensing process and satisfies auditor requirements instantly.

How much do enterprise custodians like Copper or Fireblocks cost?

Pricing is highly tailored and typically includes a one-time implementation setup fee, software licensing fees, and either per-transaction fees or a small percentage based on Assets Under Management (AUM). A specialist negotiates these terms to ensure optimal cost efficiency for your specific business model.

Is our corporate crypto capital insured with these providers?

Yes, top-tier custodians provide substantial crime insurance policies (often covering very large amounts) backed by syndicates like Lloyd's of London, which cover hacks, insider theft, and physical key loss. However, policy terms must be rigorously reviewed by experts to ensure your specific use cases are covered.

5 min·8 Apr 2026

Custody Partner Selection for Corporates (BitGo, Fireblocks, Copper)

For companies operating in the crypto industry, such as VASPs (Virtual Asset Service Providers), investment funds, OTC brokers, and Web3 startups, securely storing client funds and proprietary capital is of paramount importance. Selecting an institutional custody partner represents one of the most complex and critical decisions a corporate entity must make. Global providers like BitGo, Fireblocks, Copper, and others offer diverse security models (ranging from traditional Multisig to advanced MPC technology and insured cold storage vaults), but each comes with its own technical specifics, legal frameworks, and pricing structures. The Custody Partner Selection service is a comprehensive consulting offering designed to help companies in Georgia choose the optimal institutional custodian. Professionals rigorously evaluate the company's business model, expected transaction volume, and regulatory requirements to shortlist platforms that provide maximum cybersecurity without sacrificing operational agility. This process goes far beyond simply purchasing software; it is about forging a long-term, strategic partnership that fully complies with both local National Bank of Georgia regulations and international compliance standards. Expert involvement drastically reduces the multi-million-dollar risks associated with selecting the wrong provider and ensures flawless integration.

Updated: 14 Oct 2026