Anchorage Digital vs Hex Trust — Head-to-Head Custody Comparison

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

Verdict

Quick Verdict

Anchorage Digital scores 7.9 vs Hex Trust's 6.9. Anchorage Digital leads in 5 of 8 categories.

Anchorage Digital is better suited for Institutions, Asset managers, Protocol treasuries. Hex Trust is better suited for Asian institutions, Banks in APAC, Fintech companies.

7.9

GoodCustody Score

Anchorage Digital

6.9

FairCustody Score

Hex Trust

Scores

Score Comparison

Weighted scores across all 8 custody criteria.

Criterion	Weight	Anchorage Digital	Hex Trust	Winner
Security	20%	9.5	8.0	Anchorage Digital
Insurance	15%	8.0	6.5	Anchorage Digital
Regulatory	15%	10.0	8.0	Anchorage Digital
Fee Transparency	10%	4.0	5.0	Hex Trust
Track Record	15%	8.0	6.5	Anchorage Digital
Withdrawal Flexibility	10%	7.0	7.0	Tie
Reporting & Audit	10%	9.0	7.5	Anchorage Digital
Counterparty Diversification	5%	2.0	3.0	Hex Trust
Overall Score	100%	7.9	6.9	Anchorage Digital

Visual

Score Radar

Visual overlay of Anchorage Digital and Hex Trust across all categories.

Anchorage DigitalHex Trust

Deep Dive

Category-by-Category Analysis

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

Security (9.5 vs 8.0)

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.

Hex Trust uses MPC-based custody key management with Majority cold in cold storage and regular penetration testing. Compliance: SOC 2 Type 2. Incident history: No incidents.

Insurance (8.0 vs 6.5)

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

Hex Trust offers Insurance coverage available via Not publicly disclosed. Institutional custody insurance.

Regulatory (10.0 vs 8.0)

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.

Hex Trust holds Hong Kong TCSP license, Singapore MAS license and is not a qualified custodian operating in Hong Kong / Singapore / APAC. Licensed in multiple Asian jurisdictions.

Fee Transparency (4.0 vs 5.0)

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

Hex Trust charges Custom in annual custody fees with Custom per transaction. Asia-Pacific focused with multi-jurisdiction licensing.

Track Record (8.0 vs 6.5)

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

Hex Trust was founded in 2019 and is headquartered in Hong Kong. AUM: Not publicly disclosed. Incident history: No incidents.

Withdrawal Flexibility (7.0 vs 7.0)

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

Hex Trust withdrawal fees: Network fees. Minimum account: Institutional only. Supported assets: Bitcoin, Ethereum, 400+ assets.

Reporting & Audit (9.0 vs 7.5)

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

Hex Trust: SOC compliance is SOC 2 Type 2. Not classified as a qualified custodian.

Counterparty Diversification (2.0 vs 3.0)

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

Hex Trust is a qualified custodian provider. Key management: Licensed institutional custody with MPC technology..

Fees

Fee Comparison

Side-by-side fee breakdown for Anchorage Digital and Hex Trust.

Fee Type	Anchorage Digital	Hex Trust
Setup Fee	Custom institutional pricing	Custom
Annual Custody	Custom	Custom
Transaction	Custom	Custom
Withdrawal	Custom	Network fees

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

Hex Trust: Asia-Pacific focused with multi-jurisdiction licensing.

Features

Feature Comparison

Checklist of features across both providers.

Feature	Anchorage Digital	Hex Trust
400+ asset support	✗	✓
Advanced governance and approval workflows	✓	✗
Bank-grade infrastructure	✗	✓
Biometric authentication	✓	✗
DeFi access from custody	✓	✗
Federally chartered digital asset bank	✓	✗
MPC technology	✗	✓
Multi-jurisdiction APAC licensing	✗	✓
Staking and DeFi access	✗	✓
Staking from custody	✓	✗
Tokenization services	✗	✓
Trading and settlement	✓	✗

Recommendation

Who Should Choose Which?

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

Hex Trust is better if you…

✓Are a asian institutions
✓Are a banks in apac
✓Are a fintech companies
✓Are a fund managers
✓Want: Leading APAC digital asset custodian
✓Want: Multi-jurisdiction licensing
✓Want: SOC 2 Type 2 certified

FAQ

Frequently Asked Questions

Is Anchorage Digital or Hex Trust better for Bitcoin custody?

Anchorage Digital scores 7.9 vs 6.9 in our weighted Custody Score. Anchorage Digital leads in 5 of 8 scoring categories. However, the best choice depends on your specific needs: Anchorage Digital is best for Institutions and Asset managers, while Hex Trust suits Asian institutions and Banks in APAC.

What is the difference between Anchorage Digital and Hex Trust?

Anchorage Digital is a qualified custodian provider, while Hex Trust is a qualified custodian provider. Anchorage Digital excels in Regulatory, whereas Hex Trust is strongest in Security.

How do Anchorage Digital and Hex Trust fees compare?

Anchorage Digital charges Custom annual custody fees with Custom transaction fees. Hex Trust charges Custom annual custody fees with Custom transaction fees.

Which is more secure, Anchorage Digital or Hex Trust?

Anchorage Digital scores 9.5/10 for security while Hex Trust scores 8.0/10. Anchorage Digital uses HSM + biometric authentication key management, and Hex Trust uses MPC-based custody.