Onramp vs Zodia Custody — Head-to-Head Custody Comparison

An independent, data-driven comparison of Onramp and Zodia Custody across security, insurance, fees, regulatory compliance, and more.

Verdict

Quick Verdict

Onramp scores 8.7 vs Zodia Custody's 7.2. Onramp leads in 7 of 8 categories.

Onramp is better suited for Family offices, RIAs, HNW individuals. Zodia Custody is better suited for Banks, Asset managers, Institutions.

8.7

Very GoodCustody Score

Onramp

7.2

GoodCustody Score

Zodia Custody

Scores

Score Comparison

Weighted scores across all 8 custody criteria.

Criterion	Weight	Onramp	Zodia Custody	Winner
Security	20%	9.5	8.5	Onramp
Insurance	15%	9.0	7.5	Onramp
Regulatory	15%	8.5	8.5	Tie
Fee Transparency	10%	7.5	5.0	Onramp
Track Record	15%	8.0	6.5	Onramp
Withdrawal Flexibility	10%	8.5	7.0	Onramp
Reporting & Audit	10%	8.5	8.0	Onramp
Counterparty Diversification	5%	10.0	3.0	Onramp
Overall Score	100%	8.7	7.2	Onramp

Visual

Score Radar

Visual overlay of Onramp and Zodia Custody across all categories.

OnrampZodia Custody

Deep Dive

Category-by-Category Analysis

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

Security (9.5 vs 8.5)

Onramp uses Multi-institution distributed key management with Varies by underlying custodian in cold storage and regular penetration testing. Compliance: Via underlying custodians (SOC 1 & SOC 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 (9.0 vs 7.5)

Onramp offers Aggregate coverage across multiple custodian insurance policies via Multiple (via underlying custodians). Each underlying custodian maintains their own insurance. Combined coverage exceeds single-custodian limits.

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 (8.5 vs 8.5)

Onramp holds State money transmitter licenses and is a qualified custodian operating in United States. Regulated through underlying custodian partnerships with qualified custodians

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 (7.5 vs 5.0)

Onramp charges Contact for pricing in annual custody fees with 0.50% per trade (brokerage) per transaction. Also offers Onramp Finance: lowest-cost Bitcoin brokerage at 50bps, 5% APY on cash, 1.5% cashback card

Zodia Custody charges Custom in annual custody fees with Custom per transaction. Backed by Standard Chartered and Northern Trust.

Track Record (8.0 vs 6.5)

Onramp was founded in 2021 and is headquartered in Austin, TX. AUM: $1B+. 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 (8.5 vs 7.0)

Onramp withdrawal fees: Contact for pricing. Minimum account: $100,000. Supported assets: Bitcoin.

Zodia Custody withdrawal fees: Network fees. Minimum account: Institutional only. Supported assets: Bitcoin, Ethereum, Multiple digital assets.

Reporting & Audit (8.5 vs 8.0)

Onramp: SOC compliance is Via underlying custodians (SOC 1 & SOC 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 (10.0 vs 3.0)

Onramp is a multi-institution custody provider. Key management: Multi-institution distributed custody — keys and assets spread across multiple independent regulated custodians (BitGo, Coinbase, Fidelity, etc.).

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 Onramp and Zodia Custody.

Fee Type	Onramp	Zodia Custody
Setup Fee	Contact for pricing	Custom
Annual Custody	Contact for pricing	Custom
Transaction	0.50% per trade (brokerage)	Custom
Withdrawal	Contact for pricing	Network fees

Onramp: Also offers Onramp Finance: lowest-cost Bitcoin brokerage at 50bps, 5% APY on cash, 1.5% cashback card

Zodia Custody: Backed by Standard Chartered and Northern Trust.

Features

Feature Comparison

Checklist of features across both providers.

Feature	Onramp	Zodia Custody
1.5% cashback card	✓	✗
5% APY on cash balances	✓	✗
Bitcoin brokerage services (Onramp Finance)	✓	✗
DeFi access	✗	✓
FCA registered	✗	✓
Institutional-grade security	✗	✓
Institutional-grade security and compliance	✓	✗
Multi-Institution Custody across multiple regulated custodians	✓	✗
No single point of failure	✓	✗
Northern Trust partnership	✗	✓
Staking services	✗	✓
Standard Chartered backed	✗	✓
White-glove onboarding for institutions	✓	✗

Recommendation

Who Should Choose Which?

Onramp is better if you…

✓Are a family offices
✓Are a rias
✓Are a hnw individuals
✓Are a institutions
✓Want: Only provider offering true multi-institution custody — no single point of failure
✓Want: Aggregated insurance coverage exceeds any single custodian
✓Want: $1B+ in assets under custody demonstrates institutional trust

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 Onramp or Zodia Custody better for Bitcoin custody?

Onramp scores 8.7 vs 7.2 in our weighted Custody Score. Onramp leads in 7 of 8 scoring categories. However, the best choice depends on your specific needs: Onramp is best for Family offices and RIAs, while Zodia Custody suits Banks and Asset managers.

What is the difference between Onramp and Zodia Custody?

Onramp is a multi-institution custody provider, while Zodia Custody is a qualified custodian provider. Onramp excels in Counterparty Diversification, whereas Zodia Custody is strongest in Security.

How do Onramp and Zodia Custody fees compare?

Onramp charges Contact for pricing annual custody fees with 0.50% per trade (brokerage) transaction fees. Zodia Custody charges Custom annual custody fees with Custom transaction fees.

Which is more secure, Onramp or Zodia Custody?

Onramp scores 9.5/10 for security while Zodia Custody scores 8.5/10. Onramp uses Multi-institution distributed key management, and Zodia Custody uses Institutional cold storage.