Bitget to Launch Open Custody Network (OCN), Redefining the Relationship Between Asset Custody and Trading

TechFlow news, November 05: According to official Bitget information, the platform announced it will launch the Open Custody Network (OCN). With the core concept of 'Assets in Bank, Tradings on Bitget', it aims to connect professional financial institutions such as banks and custodians with Bitget's trading infrastructure. The network integrates core capabilities including independent asset custody, bank- and institutional-level security, exchange-integrated trading services, and capital efficiency, breaking the traditional centralized exchange model that concentrates asset custody and trading on the same platform.

Through an asset mapping mechanism, OCN connects independent asset custody and trading services, enabling all eligible users to retain independent custody of their assets while participating in Bitget spot, margin, and futures trading. Users can enjoy exchange-level liquidity and integrated trading services, further lowering barriers to trading participation and allowing more users to access financial services in a more equitable manner.

Bitget CEO Gracy Chen said that OCN aims to break the traditional model in which users must have their assets custodied on an exchange to use its trading services, allowing users to choose their own asset custody arrangements while enjoying high-quality liquidity and efficient capital usage, making financial services more open and inclusive.

Source: TechFlow