Cordial Systems
Self-custody and policy infrastructure for institutions
About
Cordial Systems builds institutional self-custody and key-management infrastructure focused on policy-driven governance, secure signing and operational controls. Founded by former Coinbase Custody engineers, it targets exchanges, custodians and large treasuries needing programmable, auditable custody.
Stablecoins
Key products
Chains
- Founded
- 2022
- HQ
- USA
- Stage
- Private (Seed)
- Funding
- Seed funding
Related companies
Anchorage Digital
First federally chartered crypto bank; stablecoin issuer and custodian
Anchorage Digital is the only federally chartered US crypto bank, providing qualified custody plus turnkey, federally regulated infrastructure for minting, redeeming and managing stablecoin issuance. It issues USDtb (with Ethena, reserves in BlackRock's BUIDL), acquired USDM issuer Mountain Protocol, and serves as a regulated issuance partner for stablecoin programs.
Aquanow
Digital asset liquidity and infrastructure for institutions
Aquanow is a digital-asset liquidity and infrastructure provider serving 300+ institutional clients across 50 countries with trading, custody, payments and stablecoin settlement through a single backend integration. Its Pay product enables crypto and stablecoin payments and cross-border settlement, and the company holds a VARA VASP license in Dubai.
BitGo
Qualified custodian and digital asset infrastructure
BitGo is a pioneering institutional custodian with a long Bitcoin custody track record, operating OCC and state trust charters. It provides multisig and MPC custody, off-exchange settlement (Go Network), wallet infrastructure and stablecoin issuance (USDS via World Liberty / WBTC custody). BitGo completed the first crypto custodian IPO in January 2026.
Cobo
Custody and wallet-as-a-service platform
Cobo provides full-suite stablecoin payment operations combining MPC custody, payment APIs and Wallet-as-a-Service across 80+ chains. It launched a stablecoin payment solution for cross-border business and integrated Plasma early, positioning as a qualified custodian and orchestration layer for stablecoin treasury and payments.
Cogni / FV Bank
Regulated digital banking and custody platform for stablecoins
FV Bank is a U.S.-chartered (Puerto Rico) digital bank offering integrated banking, digital-asset custody and stablecoin settlement, and was the first U.S.-chartered depository institution to offer stablecoin invoicing (accepting USDC and PYUSD). It has expanded into a unified fintech platform with stablecoin cross-border payments, API-managed accounts and agentic virtual cards. Cogni is a digital-banking/neobank brand operating in the same orbit, having pioneered an in-app noncustodial Web3 wallet.
Coinbase
Largest US crypto exchange and USDC co-issuer
Coinbase is the largest US-listed crypto exchange and a primary stablecoin trading venue. It co-founded USDC with Circle via the Centre consortium and earns a share of USDC reserve revenue, while operating Base (its L2), Coinbase Wallet, custody and on/off-ramp services. In 2026 it is positioning around stablecoins, Base, and an 'everything exchange' strategy.