Research release · 18 August 2026

40 evidence reviews completed

Each record received a current scope or status finding based on primary sources. Review does not mean endorsement or provider verification.

The review distinguishes legal custody from exchange safekeeping, third-party custody access, wallet infrastructure, tokenization, liquidity and inactive legacy brands.

#	Profile	Scope	Finding
1	Prime Trust	Watch	Status Watch — receivership and bankruptcy
2	BlockFi Custody	Watch	Status Watch — bankruptcy wind-down
3	Qredo	Watch	Status Watch — company dissolved
4	Finoa	Watch	Status Watch — regulated business wind-down
5	Cboe Digital	Watch	Status Watch — spot market closed
6	CME CF Custody Network	Watch	Status Watch — custody role not established
7	Bybit Institutional	Custody	Evidence reviewed — exchange custody
8	Bitfinex	Custody	Evidence reviewed — exchange safekeeping
9	Gate Institutional	Custody	Evidence reviewed — exchange custody
10	KuCoin Institutional	Custody	Evidence reviewed — exchange and external custody routes
11	Bitget Institutional	Custody	Evidence reviewed — exchange and third-party custody
12	HTX Institutional	Custody	Evidence reviewed — third-party custody access
13	Bullish	Custody	Evidence reviewed — regulated exchange custody
14	Propine	Custody	Evidence reviewed — acquisition transition
15	Onchain Custodian	Custody	Evidence reviewed — current availability unclear
16	Digivault	Custody	Evidence reviewed — current entity requires confirmation
17	Trustology	Watch	Status Watch — acquired and rebranded
18	Curv	Ecosystem	Ecosystem — acquired wallet-security technology
19	CYBAVO	Ecosystem	Ecosystem — acquired wallet infrastructure
20	Koine	Custody	Evidence reviewed — operating status unclear
21	BCB Group	Custody	Evidence reviewed — payments, trading and custody operations
22	Kingdom Trust	Custody	Evidence reviewed — successor custodian
23	Ledn	Custody	Evidence reviewed — lending platform with custodial collateral
24	Nexo Institutional	Custody	Evidence reviewed — prime platform using custody partners
25	CoinShares	Ecosystem	Ecosystem — asset manager using external custodians
26	GSR	Ecosystem	Ecosystem — liquidity and trading firm
27	Wintermute	Ecosystem	Ecosystem — proprietary trading and liquidity
28	Nomura Digital	Custody	Evidence reviewed — group access via specialist affiliates
29	Société Générale Securities Services	Custody	Evidence reviewed — securities custody; digital scope product-specific
30	VP Bank	Custody	Evidence reviewed — tokenized-asset custody scope
31	DBS Bank	Custody	Evidence reviewed — bank digital-asset custody
32	UOB Digital Assets	Custody	Evidence reviewed — tokenization participant; custody not established
33	MUFG Digital Assets	Custody	Evidence reviewed — group initiatives; custody entity unclear
34	SMBC Digital Assets	Custody	Evidence reviewed — stablecoin initiative; custody not established
35	Mizuho Digital Assets	Custody	Evidence reviewed — tokenization and trust-bank activity
36	NAB Digital Assets	Custody	Evidence reviewed — custody service not established
37	ANZ Digital Assets	Custody	Evidence reviewed — tokenization and digital-money initiatives
38	Alchemy	Ecosystem	Ecosystem — blockchain developer infrastructure
39	Blockdaemon	Ecosystem	Ecosystem — self-hosted wallet and custody infrastructure
40	Safe	Ecosystem	Ecosystem — self-custody smart-account infrastructure