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Head-to-head · Cryptocurrency Custody Software

Ledger Enterprise vs Kraken Custody

  • Updated Oct 2026
  • Both researched from official sources
  • 5 checks side by side
Higher score Ledger Enterprise #4 in Cryptocurrency Custody Software 8.9/10 Pricing on request ✓ 3 of 4 features Visit Ledger
Kraken Custody #5 in Cryptocurrency Custody Software 8.8/10 Pricing on request ✓ 4 of 4 features Contact Kraken

Ledger Enterprise leads on 0 checks, Kraken Custody on 1, and 4 are even. Who comes out ahead on the 5 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreLedger Enterprise · 8.9/10
  • Most featuresKraken Custody · 4 of 4

Ledger Enterprise scores higher on our rubric for cryptocurrency custody software: 8.9 against 8.8 out of 10; our editors rank them #4 and #5.

Kraken Custody offers mpc wallet support; Ledger Enterprise doesn't.

Ledger Enterprise is the better fit for enterprises seeking governed HSM-based custody. Kraken Custody is the better fit for institutions already using Kraken markets.

  • Ledger Enterprise fits best

    Enterprises seeking governed HSM-based custody

  • Kraken Custody fits best

    Institutions already using Kraken markets

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Ledger Enterprise 8.9/10 Visit ↗ Kraken Custody 8.8/10 Visit ↗
At a glance
Editor score 8.9 8.8
Ranking #4 in Cryptocurrency Custody Software #5 in Cryptocurrency Custody Software
Best for Enterprises seeking governed HSM-based custody Institutions already using Kraken markets
Pricing model Paid Paid
Starting price Pricing on request Pricing on request
Free plan — Not checked yet
Free trial — —
Deployment Cloud, Self-hosted Cloud
Platforms Web Web
Compliance SOC 2 2FA
Built for Enterprise Mid-market, Enterprise
Features Ledger Enterprise 3/4 · Kraken Custody 4/4
MPC wallet support — ✓ (best)
HSM key management ✓ ✓
Approval workflows ✓ ✓
Transaction policy engine ✓ ✓
Specs
Settlement controls Advanced Not checked yet
Supported networks Not checked yet Not checked yet
Our review
Pros
  • Hardware-enforced key management, policies, and transaction approvals
  • Cloud or on-premise HSM deployment with API access
  • Extends beyond custody to staking, trading, tokenization, and settlement
  • Segregated custody vaults with MPC and HSM key management
  • Role-based approval workflows, quorums and transaction policies
  • Integrated Kraken OTC, exchange and Prime connections
Cons
  • No free plan; prospective customers must contact sales
  • Enterprise-focused scope may exceed narrower custody needs
  • Ticket and documentation support channels may not suit teams seeking other options
  • Pricing requires contacting sales
  • Cloud deployment only
  • Staking is available for selected assets
Our verdict

Ledger Enterprise supports institutional digital-asset custody and self-custody operations for banks, custodians, exchanges, asset managers, fintechs, and other organizations. It combines software, firmware, and hardware security modules…

Read the review →

Kraken Custody provides qualified digital-asset custody for institutions and private clients, with a focus on segregated vaults and operational controls. Available through a web interface and APIs, it supports storing, managing,…

Read the review →
  1. Ledger EnterpriseCryptocurrency Custody Software 8.9Pricing on request
  2. Kraken CustodyCryptocurrency Custody Software 8.8Pricing on request

Strengths and trade-offs

  • Ledger Enterprise — where it wins

    • Hardware-enforced key management, policies, and transaction approvals
    • Cloud or on-premise HSM deployment with API access
    • Extends beyond custody to staking, trading, tokenization, and settlement

    Where it doesn't

    • No free plan; prospective customers must contact sales
    • Enterprise-focused scope may exceed narrower custody needs
    • Ticket and documentation support channels may not suit teams seeking other options

  • Kraken Custody — where it wins

    • Segregated custody vaults with MPC and HSM key management
    • Role-based approval workflows, quorums and transaction policies
    • Integrated Kraken OTC, exchange and Prime connections

    Where it doesn't

    • Pricing requires contacting sales
    • Cloud deployment only
    • Staking is available for selected assets
  • Ledger Enterprise8.9/10 · Pricing on request

    A custody platform for enterprises that need hardware-enforced controls and operational breadth.

    Visit LedgerFull verdict →
  • Kraken Custody8.8/10 · Pricing on request

    Institutional custody with layered controls and direct Kraken market integrations.

    Contact KrakenFull verdict →

More comparisons

All cryptocurrency custody software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update