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2026 Proof of Custody. Published by Onramp Bitcoin. Editorial Independence.PrivacyTermsproofofcustody.io
Matrix · 12 platforms · records as of 2026-02-18

Which bitcoin lenders survived, and who holds collateral?

The registry's largest era of losses was lending. Rehypothecation and who holds collateral decide. It depends on what the holding has to survive: a single point of failure can be excellent at everything else and still lose everything at once, so read that column first, then the fees against your size.

Proof of Custody is published by Onramp Bitcoin, which appears in this table and is scored by the same methodology as every other platform.

Bitcoin custodians and multi-key providersExchanges and brokeragesBitcoin IRA providersSpot bitcoin ETFsHardware walletsStablecoin issuers and custodiansTokenized treasuries, gold and real-world assetsLending and yield
PlatformScoreCustody modelSingle point of failureIndependenceInsuranceRegulatoryQualified custodianFeesMinimumIncidentsAs of
Onramp Lendingpublisher83Multi-Institution CollateralNo2/4Not disclosedNot publishedn/sVaries by loan$100K02026-02-18
Unchained Lending80Collaborative Multisig CollateralNo1/4Not disclosedNot publishedn/s11-14% APR$002026-02-18
Debifi70Multisig CollateralNo0/4Not disclosedNot publishedn/sVaries by lender$002026-02-18
Xapo Bank65Licensed BankYes0/4Not disclosedNot publishedn/s0.1% BTC buy/sell$150K02026-02-18
Ledn62Single CustodianYes0/4Not disclosedNot publishedn/sVaries by product$002026-02-18
Hodl Hodl61Multisig EscrowNo0/4Not disclosedNot publishedn/s0.5-0.6% per trade$002026-02-18
Arch (Bitcoin-Backed Loans)59Qualified Custodian CollateralYes0/4Not disclosedNot publishedn/s7-12% APR$100K02026-02-18
Swan Force58CustodialYes0/4Not disclosedNot publishedn/sEmployer plan fees$002026-02-18
Strike Rewards57CustodialYes0/4Not disclosedNot publishedn/sFree$002026-02-18
Nexo53Single CustodianYes0/4Not disclosedNot publishedn/sVaries by tier$002026-02-18
Coinbase Earn49Single CustodianYes0/4Not disclosedNot publishedn/sVariable yield$002026-02-18
SALT Lending49Single CustodianYes0/4Not disclosedNot publishedn/sVaries by LTV$002026-02-18

Facts are from each provider's own documents and public filings with the date the record was last checked; "n/s" means not stated by the provider. Scores are Proof of Custody's judgement on the published methodology. Coverage is selected, not exhaustive; absence is not evidence of safety. As data: /data/matrix.json. Dispute a cell through corrections.

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