CoinCover
CoinCover is a Cardiff-based digital asset protection company providing Lloyd's-of-London-backed wallet disaster recovery and real-time fraud protection to exchanges, custodians, wallets, and financial institutions, embedded across 50+ partner platforms.
- Company typePrivate
- Founded2018
- HeadquartersCardiff, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What CoinCover does
CoinCover (legally Digital Asset Services Ltd) is a Cardiff, Wales-based digital asset protection company founded in 2018 that provides wallet disaster recovery, transaction protection, and risk monitoring for cryptocurrency exchanges, custodians, wallet providers, and financial institutions. The company's core technology stack consists of a risk engine for real-time fraud detection and a multi-layered recovery infrastructure that supports hot and cold storage, biometric identity verification, automated key material provisioning, and black-box key generation. All protected transactions are backed by insurance underwritten at Lloyd's of London, allowing CoinCover to compensate customers if a covered transaction proves malicious. The firm has built a partner-driven distribution model embedding its protection technology into 50+ platforms including Fireblocks, BitGo, Ledger, Safe, Cobo, and Digital Asset's Canton Network, protecting over 22 million wallets and 600+ businesses with a claimed 100% recovery success rate since inception.
CoinCover generates revenue through a combination of recurring subscription contracts with institutional clients (exchanges, custodians, financial institutions), per-transaction protection fees, and tiered premium security offerings, with pricing set on a quote-based annual basis. The product portfolio includes CoinCover Recover (consumer wallet recovery), CoinCover Recover for Institutions (enterprise-grade hot/cold storage, CoinCover Control, CoinCover Certified), Stablecoin Recover, and a sub-product contribution to Ledger Recover as one of three independent backup providers. Go-to-market relies on enterprise field sales, channel partners, and API-first integration rather than direct consumer acquisition. CoinCover has raised $41.6 million across five funding rounds since 2018, with a $30 million Series A led by Foundation Capital in February 2023 and a follow-on equity round in February 2026 that coincided with the appointment of Silicon Valley veteran Jeremy Verba as CEO, replacing co-founder David Janczewski who transitioned to an advisory role.
CoinCover firmographics
Firmographics- Name
- CoinCover
- Legal name
- Digital Asset Services Ltd
- Website
- https://coincover.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CoinCover is a Cardiff-based digital asset protection company providing Lloyd's-of-London-backed wallet disaster recovery and real-time fraud protection to exchanges, custodians, wallets, and financial institutions, embedded across 50+ partner platforms.
- Ownership category
- akta.pro rank
CoinCover industry classification
Industry- Product category
- Digital Asset Protection
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Stablecoin Risk, Monitoring & Analytics (Peg/Reserve/Flow) (FSADADAK)
- akta.pro secondary industries
- Compliance, Attestations, Proof-of-Reserves & Reporting (Stablecoins) (FSADADAI), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
Keywords
Where CoinCover is headquartered
LocationHeadquarters
- HQ city
- Cardiff
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
CoinCover business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription-based Protection Services: Recurring subscription revenue from providing digital asset protection services to exchanges, wallets, and financial institutions. Services include wallet disaster recovery, transaction protection, and risk monitoring underwritten at Lloyd's of London.
- Transaction-based Protection: Per-transaction fees for warranty-backed transaction protection services, where platforms can charge customers for enhanced fraud protection and coverage.
- Premium Security Subscriptions: Tiered premium security offerings with improved fraud protection and additional features, allowing platforms to offer differentiated security tiers to their customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing based on institution size and protection requirements |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
CoinCover product offering
Product offeringCore offering
CoinCover provides a risk engine technology and wallet disaster recovery infrastructure that protects digital assets from loss, cyber threats, and operational failures. The company offers subscription-based protection services including wallet recovery, transaction fraud monitoring, and Lloyd's of London-backed insurance guarantees to exchanges, wallets, custodians, and financial institutions. Its platform protects over 22 million wallets and 600+ businesses globally.
Product overview
CoinCover is a digital asset protection company offering a portfolio of recovery-focused products for both consumers and institutional clients. The core platform consists of CoinCover Recover (consumer wallet recovery), CoinCover Recover for Institutions (enterprise-grade business solution with hot/cold storage, CoinCover Control, and CoinCover Certified), and Stablecoin Recover (stablecoin-specific protection). Ledger Recover is a sub-product where CoinCover acts as a backup provider for Ledger hardware wallet users, enabling secure seed phrase recovery. The company also operates a risk engine technology that provides real-time fraud protection and transaction monitoring. All offerings are backed by insurance and aim to address the risk of permanent asset loss due to forgotten keys, lost seed phrases, or wallet failures.
Differentiator
Problem solved
Functional benefit
Products and services
- CoinCover Recover Wallet disaster recovery service for individual consumers that helps restore wallet access when users lose access to their crypto assets due to lost private keys or seed phrases. Provides 24/7 human support alongside technical recovery capabilities.
- CoinCover Recover for Institutions Enterprise-grade wallet disaster recovery solution for businesses, financial institutions, and exchanges. Provides hot and cold storage options, 24/7 human support, CoinCover Control, and CoinCover Certified features for institutional-grade protection.
- Stablecoin Recover Specialized recovery solution designed specifically for stablecoin assets, protecting against loss of access to stablecoin holdings and supporting institutional treasury management.
- Ledger Recover Self-custody seed phrase recovery service for Ledger hardware wallets where CoinCover acts as one of three independent backup providers, splitting the user's Secret Recovery Phrase into encrypted shares stored securely for restore capability.
Quantifiable outcome
- 100% recovery success rate for all wallet access recovery attempts since 2018
- +2 more outcomes
Companies that use CoinCover
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
CoinCover technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability1 record
Feature8 records
CoinCover partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- OnrampcoreOnramp's multi-institution custody platform built with partners BitGo, CoinCover, and Tetra Trust distributes key control across several regulated custodians. CoinCover provides institutional recovery solutions as part of Onramp's platform.
- SafecoreSafe, the leading smart wallet infrastructure provider, collaborated with Sygnum Bank and CoinCover to launch Safe{RecoveryHub}, offering curated crypto recovery options. CoinCover serves as a trusted third-party recoverer enabling users to recover access through institutional safeguards while maintaining user control.
- FireblockscoreFireblocks, a leading crypto infrastructure provider, partnered with CoinCover to provide disaster recovery and real-time fraud protection for their customers. CoinCover's risk engine technology is integrated into the Fireblocks platform to enhance asset security.
- BitGocoreBitGo, a leading digital asset custodian, integrates CoinCover's protection technology into their custody solutions, providing customers with wallet recovery and protection against lost access.
- LedgercoreLedger partnered with CoinCover to power Ledger Recover, a self-custody seed phrase recovery service. CoinCover provides the recovery infrastructure including share distribution, identity verification, and secure storage across multiple backup providers. The partnership underwent extensive security audits by Ledger's internal Donjon team and external pentesters.
- CobocoreCobo, the largest digital asset custodian and blockchain infrastructure provider in APAC, strengthened its partnership with CoinCover in February 2025 to enhance protection capabilities for its customers across the Asia Pacific region.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
CoinCover competitors and assessment
Company assessmentDirect peers
- Casa: Casa offers self-custodial Bitcoin wallets with collaborative multi-key recovery and inheritance, directly comparable to CoinCover's consumer-facing Recover product and disaster-recovery positioning.
- Anchorage Digital: Anchorage is a federally chartered digital asset bank providing institutional custody with key management and recovery infrastructure, competing with CoinCover Recover for Institutions for the same institutional custody clients.
- Unchained Capital: Unchained offers collaborative custody and recovery services for Bitcoin with multi-institution key distribution, overlapping directly with CoinCover's institutional recovery model and partner Onramp's multi-institution custody approach.
- Ledger: Ledger is both a core partner (powering Ledger Recover via CoinCover) and a competitor offering self-custody hardware wallets with its own recovery feature, targeting the same digital asset protection problem from a different layer of the stack.
Broad incumbents
- Fireblocks: Fireblocks is a major institutional digital asset infrastructure platform that integrates CoinCover for recovery but also offers its own custody, security, and operational tooling — making it both a partner and a broad incumbent competing for wallet protection budget.
- BitGo: BitGo is a leading institutional digital asset custodian that integrates CoinCover's recovery technology while also offering its own custody, key management, and security suite, positioning it as a broad incumbent competing for the same institutional protection spend.
- Coinbase Custody: Coinbase Custody is a large institutional digital asset custodian with built-in key management and security, overlapping with CoinCover's institutional recover-for-institutions offering as part of a much broader custody product portfolio.
- Gemini Custody: Gemini operates institutional cold storage custody for digital assets and is both a CoinCover customer and a broad incumbent offering its own insured, regulated custody and recovery solutions.
Emerging players
- Cypherock: Cypherock offers self-custody hardware with distributed key sharding and recovery, an emerging alternative to CoinCover's consumer Recover product focused on individual asset holders rather than institutions.
- Ngrave: Ngrave provides hardware wallets with secure key generation and recovery workflows, competing with CoinCover's consumer and Ledger Recover offerings at the wallet security and key recovery layer for individual holders.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
CoinCover social profiles
Digital presenceCoinCover compliance and trust
Trust signalCompliance4 records
CoinCover financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoinCover leadership team
Management profileNumber of profiles
Profiles6 records
CoinCover funding detail
Funding detailFunding overview
Funding rounds5 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoinCover M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoinCover
What does CoinCover do?
CoinCover provides a risk engine technology and wallet disaster recovery infrastructure that protects digital assets from loss, cyber threats, and operational failures. The company offers subscription-based protection services including wallet recovery, transaction fraud monitoring, and Lloyd's of London-backed insurance guarantees to exchanges, wallets, custodians, and financial institutions. Its platform protects over 22 million wallets and 600+ businesses globally.
Is CoinCover a public or private company?
CoinCover is a private company. It is classified as venture growth investor backed and is currently operating.
When was CoinCover founded?
CoinCover was founded in 2018. It employs 51 to 100 people.
Where is CoinCover based?
CoinCover is headquartered in Cardiff, United Kingdom, in the Europe region.
How does CoinCover make money?
Three revenue lines are on record. Subscription-based Protection Services are the primary driver. The others are transaction-based Protection and premium Security Subscriptions.
Who are CoinCover's main competitors?
Direct peers on record are Casa, Anchorage Digital, Unchained Capital and Ledger. Broad incumbents are Fireblocks, BitGo, Coinbase Custody and Gemini Custody. Emerging players are Cypherock and Ngrave.
Does CoinCover have an API?
No public API is recorded for CoinCover.
What industry is CoinCover in?
CoinCover's product category is Digital Asset Protection. Its primary akta.pro industry code is FSADADAK, Stablecoin Risk, Monitoring & Analytics (Peg/Reserve/Flow), with a secondary code of FSADADAI, Compliance, Attestations, Proof-of-Reserves & Reporting (Stablecoins). Its SIC code is 6199.