The BeInCrypto Institutional 100 awards include a ‘Best Crypto Corporate Governance’ category. This recognizes companies that demonstrate strong governance practices for digital assets, based on factors like their public accountability, banking regulations, board oversight, auditing processes, and how they handle crises.
Here’s a list of 15 companies, presented in alphabetical order – they aren’t ranked. We’ll announce a smaller selection in May 2026, and the ultimate winner will be revealed at Proof of Talk in Paris on June 2nd and 3rd, 2026.
- Long list: 15 firms across listed crypto companies, federal crypto banks, regulated custody firms, TradFi banks, and public-market digital asset platforms
- Order: Listed alphabetically, not ranked
- Initial pool: More than 30 firms screened; 15 advanced to the long list
- Scoring: 20% quantitative data · 80% Expert Council
- Criteria assessed: Public-market discipline, banking charter strength, board independence, audit maturity, incident response, disclosure quality, leadership credibility
- Data sources: OCC, SEC EDGAR, NYDFS, FCA, FINMA, BaFin, MAS, MiCA-CASP registers, audited reports, company disclosures, PitchBook, Tracxn, and Crunchbase
| Firm | Governance Sub-Segment | HQ | Reach | Top Listing / Charter | Representative Work |
|---|---|---|---|---|---|
| Anchorage Digital | Federally chartered crypto bank | SF / NY / Sioux Falls / Singapore / Porto | $4.2B valuation
Backed by a16z, GIC, Goldman Sachs, KKR, Visa, Tether |
Long-tenured public company governance record
Spiral continues Bitcoin open-source funding |
OCC-supervised bank holding structure
Prior OCC AML order resolved after remediation |
| BitGo | Public + federally chartered custody | Sioux Falls / Palo Alto | $104B+ AUC
$2.08B valuation at IPO |
NYSE: BTGO
OCC final national trust bank charter |
NYSE IPO completed Jan 2026
First public federally chartered digital asset infrastructure firm |
| Block | Public fintech with Bitcoin surface | San Francisco, USA | Cash App + Square ecosystem
57M Cash App monthly actives |
NYSE: XYZ
Public since 2015 |
NYSE listing brought a public governance framework
Tom Farley leads as CEO |
| BNY | Global bank with crypto custody | New York, USA | $55.8T AUC/A
Oldest US bank and securities firm |
NYSE: BK
OCC-regulated bank |
Co-custodian for Morgan Stanley Bitcoin Trust |
| Bullish | Public institutional exchange | George Town, Cayman Islands | Institutional spot and derivatives venue
Public-market exchange governance |
NYSE: BLSH
Listed via SPAC in Aug 2025 |
Charter approved Dec 2025
Inherits the Fidelity institutional governance framework |
| Circle Internet Group | Public stablecoin issuer | Boston / NYC | USDC $73B market cap
Monthly Deloitte reserve attestations |
NYSE: CRCL
OCC conditional national trust charter |
First public stablecoin issuer after IPO
Conditional charter granted Dec 2025 |
| Coinbase | Public crypto-native platform | Wilmington / SF | S&P 500 inclusion
Deloitte auditor and SOX framework |
NASDAQ: COIN
Public since Apr 2021 |
SEC enforcement action dismissed in Feb 2025
Board includes leading technology investors and operators |
| Fidelity Digital Assets, NA | Asset-manager operated federal trust | Boston, USA | Backed by Fidelity’s $15T+ AUA platform
Custody for FBTC and FETH |
OCC conditional national trust bank charter
Conversion from the New York State trust |
Confidential SEC IPO filing in Nov 2025
Deutsche Börse made a $200M strategic share purchase |
| Galaxy Digital | Public multi-product crypto firm | New York / Delaware | Trading, asset management, investment banking, mining
US public-market framework |
NASDAQ: GLXY
Re-domiciled from Toronto to Delaware |
Nasdaq uplisting completed in May 2025
Shifted into a full US-listed governance regime |
| Kraken (Payward) | Multi-charter crypto bank + IPO track | San Francisco, USA | Profitable with positive EBITDA
Krak app across 130 countries |
Wyoming SPDI charter
OCC trust application filed May 2026 |
Closed Bitstamp acquisition in Jun 2025
WonderFi acquisition expanded Canada’s presence |
| Robinhood Markets | Public broker with crypto stack | Menlo Park, USA | 26M funded customers
Bitstamp adds global crypto licences |
NASDAQ: HOOD
Public since Jul 2021 |
Long-running public company disclosure regime
Bitcoin treasury model governed through public filings |
| Securitize | SEC-regulated tokenization infrastructure | Miami, USA | $4B+ tokenized assets
Partners include BlackRock, Apollo, BNY |
SEC-registered broker-dealer, ATS, transfer agent, ERA
NASDAQ SPAC planned |
SPAC merger announced at $1.25B valuation
NYSE selected Securitize for tokenized securities platform |
| Standard Chartered | Global bank with digital asset stack | London, UK | $900B assets
170+ year banking history |
LSE: STAN and HKEX: 2888
Multi-jurisdiction bank governance |
Digital asset custody through SC Ventures and Zodia
Hong Kong stablecoin licence candidate |
| Strategy (MicroStrategy) | Public Bitcoin treasury company | Tysons Corner, Virginia | Largest corporate BTC holder
Public since 1998 |
NASDAQ: MSTR
Rebranded from MicroStrategy in 2025 |
Long-running public-company disclosure regime
Bitcoin treasury model is governed through public filings |
| Sygnum | Swiss-licensed crypto bank | Zurich, Switzerland | 2,000+ institutional clients
$5B+ AUM and unicorn valuation |
FINMA banking licence
MAS, Liechtenstein, ADGM permissions |
Reached unicorn status in Jan 2025
Sygnum Connect and Sygnum Protect live |
About This List
The BeInCrypto Institutional 100 is a list of companies with strong governance practices that build trust in the crypto market. This initial ‘long list’ for 2026 simply identifies these firms alphabetically – it’s not a ranking.
This group includes companies built around cryptocurrency, officially licensed crypto banks, traditional banks involved in digital assets, and private companies providing crypto infrastructure that follow strict regulations. We didn’t include companies with significant, unresolved issues with how they’re run, even if they’re large.
Methodology
This category’s score is determined using the BeInCrypto Institutional 100 methodology’s Track C, which weighs quantitative data at 20% and relies on assessments from our Expert Council for the remaining 80%.
The evaluation focuses on seven key areas: how well the company follows public market rules and provides clear financial reporting; the strength of its banking license or regulatory oversight; the independence of its board of directors; the effectiveness of its internal checks and balances; how it handles security breaches or regulatory issues; its openness and honesty; and the trustworthiness of its leaders.
Before evaluating companies, we first screen for any serious, outstanding issues with their governance. Companies with these unresolved problems are automatically excluded from initial consideration.
We confirmed the information by checking official records from sources like national trust banks, the SEC, financial regulators in New York, the UK, Switzerland, Germany, and Singapore, as well as databases like PitchBook, Tracxn, and Crunchbase. We also reviewed audited reports and company statements.
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2026-05-12 02:58