Fidelity Digital Assets vs Zodia Custody — Head-to-Head Custody Comparison
An independent, data-driven comparison of Fidelity Digital Assets and Zodia Custody across security, insurance, fees, regulatory compliance, and more.
Verdict
Quick Verdict
Fidelity Digital Assets scores 8.4 vs Zodia Custody's 7.2. Fidelity Digital Assets leads in 5 of 8 categories.
Fidelity Digital Assets is better suited for Institutional investors, RIAs, Family offices. Zodia Custody is better suited for Banks, Asset managers, Institutions.
Scores
Score Comparison
Weighted scores across all 8 custody criteria.
| Criterion | Weight | Fidelity Digital Assets | Zodia Custody | Winner |
|---|---|---|---|---|
| Security | 20% | 9.5 | 8.5 | Fidelity Digital Assets |
| Insurance | 15% | 9.5 | 7.5 | Fidelity Digital Assets |
| Regulatory | 15% | 10.0 | 8.5 | Fidelity Digital Assets |
| Fee Transparency | 10% | 5.0 | 5.0 | Tie |
| Track Record | 15% | 9.0 | 6.5 | Fidelity Digital Assets |
| Withdrawal Flexibility | 10% | 7.0 | 7.0 | Tie |
| Reporting & Audit | 10% | 9.0 | 8.0 | Fidelity Digital Assets |
| Counterparty Diversification | 5% | 2.0 | 3.0 | Zodia Custody |
| Overall Score | 100% | 8.4 | 7.2 | Fidelity Digital Assets |
Visual
Score Radar
Visual overlay of Fidelity Digital Assets and Zodia Custody across all categories.
Deep Dive
Category-by-Category Analysis
A deeper look at how each provider performs in every scoring criterion.
Security (9.5 vs 8.5)
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.
Zodia Custody uses Institutional cold storage 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 7.5)
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.
Zodia Custody offers Institutional coverage via parent companies via Via Standard Chartered/Northern Trust. Backed by two of the world's largest financial institutions.
Regulatory (10.0 vs 8.5)
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.
Zodia Custody holds FCA registered (UK) and is not a qualified custodian operating in United Kingdom / Global. FCA registered. Backed by Standard Chartered and Northern Trust.
Fee Transparency (5.0 vs 5.0)
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.
Zodia Custody charges Custom in annual custody fees with Custom per transaction. Backed by Standard Chartered and Northern Trust.
Track Record (9.0 vs 6.5)
Fidelity Digital Assets was founded in 2018 and is headquartered in Boston, MA. AUM: Not publicly disclosed (Fidelity overall: $14T+). Incident history: No incidents.
Zodia Custody was founded in 2020 and is headquartered in London, UK. AUM: Not publicly disclosed. 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.
Zodia Custody withdrawal fees: Network fees. Minimum account: Institutional only. Supported assets: Bitcoin, Ethereum, Multiple digital assets.
Reporting & Audit (9.0 vs 8.0)
Fidelity Digital Assets: SOC compliance is SOC 2 Type 2. As a qualified custodian, it meets SEC reporting requirements.
Zodia Custody: SOC compliance is SOC 2 Type 2. Not classified as a qualified custodian.
Counterparty Diversification (2.0 vs 3.0)
Fidelity Digital Assets is a qualified custodian provider. Key management: Proprietary cold storage using HSMs in secure, geographically distributed facilities..
Zodia Custody is a qualified custodian provider. Key management: Institutional custody backed by Standard Chartered and Northern Trust..
Fees
Fee Comparison
Side-by-side fee breakdown for Fidelity Digital Assets and Zodia Custody.
| Fee Type | Fidelity Digital Assets | Zodia Custody |
|---|---|---|
| Setup Fee | Contact for pricing | Custom |
| Annual Custody | Contact for pricing (competitive institutional rates) | Custom |
| Transaction | 1% spread on Fidelity Crypto retail platform | Custom |
| Withdrawal | Contact for pricing | Network fees |
Fidelity Digital Assets: Retail Fidelity Crypto charges 1% spread. Institutional custody pricing is separate and negotiable.
Zodia Custody: Backed by Standard Chartered and Northern Trust.
Features
Feature Comparison
Checklist of features across both providers.
| Feature | Fidelity Digital Assets | Zodia Custody |
|---|---|---|
| 24/7 operational support | ✓ | ✗ |
| DeFi access | ✗ | ✓ |
| Dedicated institutional trading desk | ✓ | ✗ |
| FCA registered | ✗ | ✓ |
| Fidelity Wise Origin Bitcoin Fund (FBTC) custody | ✓ | ✗ |
| Institutional-grade cold storage | ✓ | ✗ |
| Institutional-grade security | ✗ | ✓ |
| Integration with Fidelity's broader financial ecosystem | ✓ | ✗ |
| Northern Trust partnership | ✗ | ✓ |
| Regulatory reporting | ✓ | ✗ |
| Staking services | ✗ | ✓ |
| Standard Chartered backed | ✗ | ✓ |
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)
Zodia Custody is better if you…
- ✓Are a banks
- ✓Are a asset managers
- ✓Are a institutions
- ✓Are a family offices
- ✓Want: Backed by Standard Chartered — tier-1 bank pedigree
- ✓Want: Northern Trust partnership
- ✓Want: FCA registered
FAQ
Frequently Asked Questions
Is Fidelity Digital Assets or Zodia Custody better for Bitcoin custody?
Fidelity Digital Assets scores 8.4 vs 7.2 in our weighted Custody Score. Fidelity Digital Assets leads in 5 of 8 scoring categories. However, the best choice depends on your specific needs: Fidelity Digital Assets is best for Institutional investors and RIAs, while Zodia Custody suits Banks and Asset managers.
What is the difference between Fidelity Digital Assets and Zodia Custody?
Fidelity Digital Assets is a qualified custodian provider, while Zodia Custody is a qualified custodian provider. Fidelity Digital Assets excels in Regulatory, whereas Zodia Custody is strongest in Security.
How do Fidelity Digital Assets and Zodia Custody 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. Zodia Custody charges Custom annual custody fees with Custom transaction fees.
Which is more secure, Fidelity Digital Assets or Zodia Custody?
Fidelity Digital Assets scores 9.5/10 for security while Zodia Custody scores 8.5/10. Fidelity Digital Assets uses HSM-based cold storage key management, and Zodia Custody uses Institutional cold storage.
Related
Explore More
Fidelity Digital Assets Full Review
Deep dive into Fidelity Digital Assets's custody solution, scoring methodology, and detailed analysis.
Read review
Zodia Custody Full Review
Deep dive into Zodia Custody's custody solution, scoring methodology, and detailed analysis.
Read review
Onramp vs BitGo
Compare Onramp (8.7) and BitGo (8.2) head-to-head.
View comparison
Onramp vs Coinbase Custody
Compare Onramp (8.7) and Coinbase Custody (8.2) head-to-head.
View comparison
Onramp vs Fidelity Digital Assets
Compare Onramp (8.7) and Fidelity Digital Assets (8.4) head-to-head.
View comparison