Fidelity Digital Assets vs Anchorage Digital — Head-to-Head Custody Comparison

An independent, data-driven comparison of Fidelity Digital Assets and Anchorage Digital across security, insurance, fees, regulatory compliance, and more.

Verdict

Quick Verdict

Fidelity Digital Assets scores 8.4 vs Anchorage Digital's 7.9. Fidelity Digital Assets leads in 3 of 8 categories.

Fidelity Digital Assets is better suited for Institutional investors, RIAs, Family offices. Anchorage Digital is better suited for Institutions, Asset managers, Protocol treasuries.

8.4

Very GoodCustody Score

Fidelity Digital Assets

7.9

GoodCustody Score

Anchorage Digital

Scores

Score Comparison

Weighted scores across all 8 custody criteria.

Criterion	Weight	Fidelity Digital Assets	Anchorage Digital	Winner
Security	20%	9.5	9.5	Tie
Insurance	15%	9.5	8.0	Fidelity Digital Assets
Regulatory	15%	10.0	10.0	Tie
Fee Transparency	10%	5.0	4.0	Fidelity Digital Assets
Track Record	15%	9.0	8.0	Fidelity Digital Assets
Withdrawal Flexibility	10%	7.0	7.0	Tie
Reporting & Audit	10%	9.0	9.0	Tie
Counterparty Diversification	5%	2.0	2.0	Tie
Overall Score	100%	8.4	7.9	Fidelity Digital Assets

Visual

Score Radar

Visual overlay of Fidelity Digital Assets and Anchorage Digital across all categories.

Fidelity Digital AssetsAnchorage Digital

Deep Dive

Category-by-Category Analysis

A deeper look at how each provider performs in every scoring criterion.

Security (9.5 vs 9.5)

Fidelity Digital Assets uses HSM-based cold storage key management with Vast majority cold in cold storage and regular penetration testing. Compliance: SOC 2 Type 2. Incident history: No incidents.

Anchorage Digital uses HSM + biometric authentication key management with Majority cold in cold storage and regular penetration testing. Compliance: SOC 2 Type 2. Incident history: No incidents.

Insurance (9.5 vs 8.0)

Fidelity Digital Assets offers Up to $1B reported via Major insurance carriers. One of the highest insurance coverage amounts in the industry. Exact terms available to institutional clients.

Anchorage Digital offers Significant coverage (not publicly disclosed) via Major carriers. As an OCC-chartered bank, subject to bank-level regulatory capital requirements.

Regulatory (10.0 vs 10.0)

Fidelity Digital Assets holds New York State Trust Charter (Fidelity Digital Assets, National Association) and is a qualified custodian operating in United States. Fidelity Digital Assets, National Association is a national trust bank chartered by the OCC. Parent company Fidelity Investments is one of the most regulated financial institutions globally.

Anchorage Digital holds OCC National Trust Bank Charter and is a qualified custodian operating in United States. First and only federally chartered crypto bank. Highest level of US regulatory approval for a digital asset custodian.

Fee Transparency (5.0 vs 4.0)

Fidelity Digital Assets charges Contact for pricing (competitive institutional rates) in annual custody fees with 1% spread on Fidelity Crypto retail platform per transaction. Retail Fidelity Crypto charges 1% spread. Institutional custody pricing is separate and negotiable.

Anchorage Digital charges Custom in annual custody fees with Custom per transaction. Fully custom pricing for institutional clients. No self-serve option.

Track Record (9.0 vs 8.0)

Fidelity Digital Assets was founded in 2018 and is headquartered in Boston, MA. AUM: Not publicly disclosed (Fidelity overall: $14T+). Incident history: No incidents.

Anchorage Digital was founded in 2017 and is headquartered in San Francisco, CA. AUM: Not publicly disclosed (serves major institutions). Incident history: No incidents.

Withdrawal Flexibility (7.0 vs 7.0)

Fidelity Digital Assets withdrawal fees: Contact for pricing. Minimum account: Institutional only — contact for details. Supported assets: Bitcoin, Ethereum.

Anchorage Digital withdrawal fees: Custom. Minimum account: Institutional only. Supported assets: Bitcoin, Ethereum, Multiple digital assets.

Reporting & Audit (9.0 vs 9.0)

Fidelity Digital Assets: SOC compliance is SOC 2 Type 2. As a qualified custodian, it meets SEC reporting requirements.

Anchorage Digital: SOC compliance is SOC 2 Type 2. As a qualified custodian, it meets SEC reporting requirements.

Counterparty Diversification (2.0 vs 2.0)

Fidelity Digital Assets is a qualified custodian provider. Key management: Proprietary cold storage using HSMs in secure, geographically distributed facilities..

Anchorage Digital is a qualified custodian provider. Key management: Proprietary HSM-based system with biometric authentication and multi-layer approval workflows..

Fees

Fee Comparison

Side-by-side fee breakdown for Fidelity Digital Assets and Anchorage Digital.

Fee Type	Fidelity Digital Assets	Anchorage Digital
Setup Fee	Contact for pricing	Custom institutional pricing
Annual Custody	Contact for pricing (competitive institutional rates)	Custom
Transaction	1% spread on Fidelity Crypto retail platform	Custom
Withdrawal	Contact for pricing	Custom

Fidelity Digital Assets: Retail Fidelity Crypto charges 1% spread. Institutional custody pricing is separate and negotiable.

Anchorage Digital: Fully custom pricing for institutional clients. No self-serve option.

Features

Feature Comparison

Checklist of features across both providers.

Feature	Fidelity Digital Assets	Anchorage Digital
24/7 operational support	✓	✗
Advanced governance and approval workflows	✗	✓
Biometric authentication	✗	✓
DeFi access from custody	✗	✓
Dedicated institutional trading desk	✓	✗
Federally chartered digital asset bank	✗	✓
Fidelity Wise Origin Bitcoin Fund (FBTC) custody	✓	✗
Institutional-grade cold storage	✓	✗
Integration with Fidelity's broader financial ecosystem	✓	✗
Regulatory reporting	✓	✗
Staking from custody	✗	✓
Trading and settlement	✗	✓

Recommendation

Who Should Choose Which?

Fidelity Digital Assets is better if you…

✓Are a institutional investors
✓Are a rias
✓Are a family offices
✓Are a pension funds
✓Want: Backed by Fidelity — $14T+ AUM parent company
✓Want: Up to $1B insurance coverage — industry-leading
✓Want: National trust bank charter (OCC regulated)

Anchorage Digital is better if you…

✓Are a institutions
✓Are a asset managers
✓Are a protocol treasuries
✓Are a government entities
✓Want: Only federally chartered digital asset bank — highest US regulatory status
✓Want: Trusted by Visa, Samsung, and other blue-chip institutions
✓Want: SOC 2 Type 2 compliant

FAQ

Frequently Asked Questions

Is Fidelity Digital Assets or Anchorage Digital better for Bitcoin custody?

Fidelity Digital Assets scores 8.4 vs 7.9 in our weighted Custody Score. Fidelity Digital Assets leads in 3 of 8 scoring categories. However, the best choice depends on your specific needs: Fidelity Digital Assets is best for Institutional investors and RIAs, while Anchorage Digital suits Institutions and Asset managers.

What is the difference between Fidelity Digital Assets and Anchorage Digital?

Fidelity Digital Assets is a qualified custodian provider, while Anchorage Digital is a qualified custodian provider. Fidelity Digital Assets excels in Regulatory, whereas Anchorage Digital is strongest in Regulatory.

How do Fidelity Digital Assets and Anchorage Digital fees compare?

Fidelity Digital Assets charges Contact for pricing (competitive institutional rates) annual custody fees with 1% spread on Fidelity Crypto retail platform transaction fees. Anchorage Digital charges Custom annual custody fees with Custom transaction fees.

Which is more secure, Fidelity Digital Assets or Anchorage Digital?

Fidelity Digital Assets scores 9.5/10 for security while Anchorage Digital scores 9.5/10. Fidelity Digital Assets uses HSM-based cold storage key management, and Anchorage Digital uses HSM + biometric authentication.