Fireblocks vs BitGo: which fits a cross-border payment company?

By Polynopsis team · Last updated 28 October 2026

Fireblocks and BitGo both give payment companies institutional wallets for holding stablecoin float, with API access to balances and policy controls on outgoing transfers. Fireblocks is a direct custody platform built on MPC vaults the customer controls and connected to more than 40 payment providers, while BitGo, listed on the NYSE since January 2026, offers both self-custody wallets and qualified custody through an OCC-regulated national trust bank.

Side by side

	Fireblocks	BitGo
What it does	Digital asset platform built on direct custody, a form of self-custody in which the customer stays the owner and controller of its assets. It combines MPC-based wallets (the MPC-CMP protocol never assembles a full private key), a Policy Engine for transaction rules and approvals, and treasury management with vault accounts. source	Digital asset infrastructure in four layers: self-custody wallets, qualified custody, liquidity and prime services, and infrastructure-as-a-service, including Stablecoin-as-a-Service for launching and managing stablecoins and Crypto-as-a-Service for embedding crypto and fiat functions through one API. source
Markets covered	The Fireblocks Network for Payments, launched in September 2025, covers stablecoin payments in more than 100 countries, with on and off-ramps, issuers, liquidity providers, on-chain FX and remittance for more than 60 currencies. More than 40 providers joined at launch, including Bridge, Circle, dLocal, OpenPayd, Yellow Card and Zerohash. source	Clients in more than 100 countries, more than 1,770 supported digital assets and about USD 81.6 billion in assets on platform, all as of 31 December 2025. source
Payout and collection methods	Funds move between internal vaults, whitelisted addresses, exchanges, fiat providers, contract wallets and Fireblocks Network connections, each governed by Policy Engine rules. More than 30 exchanges and fiat providers are connected to the Fireblocks Network, which authenticates deposit addresses automatically. source	Go Accounts can be funded in USD by ACH debit and domestic or international wire, in EUR by SEPA Instant and SEPA, and in USD or SGD in Singapore by FAST and international wire, as well as over the Go Network. ACH deposits carry a five business day hold on moving the principal. source
Licences and regulation	Fireblocks Trust Company, LLC is chartered by the New York State Department of Financial Services as a limited purpose trust company for virtual currency business and offers digital asset custody (NMLS ID 2734330). Fireblocks LLC is a FinCEN-registered Money Services Business (NMLS ID 2066055) holding US state money transmission licences. source	BitGo Bank & Trust, National Association is a national trust bank regulated by the OCC: BitGo Trust Company received OCC approval to convert on 12 December 2025, and BitGo announced final OCC approval to operate as a national trust bank in January 2026. BitGo is a qualified custodian in New York and Germany. BitGo Europe GmbH is a MiCA crypto-asset service provider supervised by BaFin, and other subsidiaries hold a MAS Major Payment Institution licence, Dubai VARA licences and a FINTRAC MSB registration. source
Company (founded, HQ, listed or funding)	Co-founded by Michael Shaulov (CEO), Pavel Berengoltz (CTO) and Idan Ofrat (CPO), who were at Check Point when they investigated the 2017 thefts from South Korean exchanges. Fireblocks LLC and Fireblocks Trust Company, LLC give their US address as 5 Penn Plaza, 23rd Floor, New York, NY 10001. source	BitGo Holdings, Inc. Class A shares trade on the New York Stock Exchange as BTGO, from 22 January 2026, after an IPO that closed in January 2026. BitGo launched BitGo Trust Company in 2018 and describes its core focus since 2013 as delivering trust to clients. source
How you hold and fund balances	Stablecoins sit in vault accounts the company controls. For client money, an omnibus setup uses intermediate vault accounts per end client for deposits, a central omnibus deposits vault where funds are swept, and withdrawal pool vaults that can be grouped into a Wallet Pool to send from as one source. source	Wallets use multisignature or MPC (threshold signature scheme), with a user key, a backup key and a BitGo key, and normal transactions sign 2 of 3. With self-custody wallets BitGo never has access to the user or backup keys. Go Accounts are a further wallet type, and all wallets support transaction policies, whitelists and approval requirements. source
Balance and reporting APIs	GET /v1/vault/accounts/{vaultAccountId}/{assetId} returns one vault's balance for an asset, with total, available (blockchain balance minus locked amounts), pending, frozen, lockedAmount and staked. The Viewer role, which has no signing rights, can call it. source	GET /api/v2/{coin}/wallet/{walletId} returns a wallet with its balances, and GET /api/v2/wallet/balances lists total balances across wallets. The SDK exposes balance, confirmed balance and spendable balance, and wallet users carry permissions such as admin, view and spend. source
Public pricing	Published. The Essentials plan costs USD 999 per month for up to 6 months and includes USD 1,000,000 of quarterly outbound volume, a 0.20% overage rate, 2 workspaces and 5 users. Pro, Enterprise and Enterprise+ plans start at USD 36,000 per year (pricing page, October 2026). source	Not published. BitGo's 10-K says it charges recurring account and custody fees plus transaction fees for certain asset movements, and that client-to-client movements over the Go Network are generally free of charge. source

Which to shortlist

Fireblocks: Choose Fireblocks if you want to keep stablecoin float in MPC vaults you control, route it to payment providers on the Fireblocks Network for Payments, and start on a published monthly plan.
BitGo: Choose BitGo if you want the option of qualified custody under an OCC-regulated national trust bank, with Go Accounts funded over ACH, wire, SEPA or FAST and generally free client-to-client movements on the Go Network.

Running both

Many payment companies use more than one provider per market. Polynopsis reads every partner, bank and wallet into one live position, so each balance, prefund and transfer in flight sits in one place whichever providers you choose.

Frequently asked questions

Who controls the keys?

With Fireblocks, the customer stays the owner and controller of its assets, and the MPC-CMP protocol never assembles a full private key. With BitGo self-custody wallets, BitGo never has access to the user or backup keys; transactions sign 2 of 3 with the user, backup and BitGo keys.

Can a monitoring tool read balances without signing rights?

On Fireblocks, the Viewer role can call the vault asset balance endpoint without signing rights. On BitGo, wallet users are assigned permissions such as view, spend and admin.

Is either a regulated custodian?

Fireblocks Trust Company, LLC is a New York limited purpose trust company chartered by NYDFS. BitGo Bank & Trust, N.A. is a national trust bank regulated by the OCC, and BitGo is a qualified custodian in New York and Germany.

Do Fireblocks or BitGo publish pricing?

Fireblocks does: Essentials is USD 999 per month for up to 6 months with USD 1,000,000 of quarterly outbound volume, and custom plans start at USD 36,000 per year. BitGo does not publish a price list; it charges account, custody and certain transaction fees.

Can I fund a BitGo account with fiat?

Yes. Go Accounts take USD by ACH debit and wire, EUR by SEPA Instant and SEPA, and USD or SGD in Singapore by FAST and international wire.

Other comparisons

Sources

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