PANews reports that over 91% of the underlying assets of tokenized U.S. stocks are custodied by Alpaca; four institutions, including Figure and Securitize, jointly petitioned the SEC to promote the modernization of transfer agent rules.
Bitget announced that it will launch the Open Custody Network OCN, which aims to connect banks and custodial institutions with their trading infrastructure to enable spot, leveraged, and contract trading under independent asset custody.
PANews reports that Coinbase Institutional responded on X to the attention drawn by Binance's hot wallet incident, outlining five measures including cold storage, fund flow verification, 1:1 holding, and regulatory arrangements.