Bitget to Launch Open Custody Network (OCN)

Odaily reports: According to official news from Bitget, the platform has announced the launch of an open custody network, Open Custody Network (OCN). Centered on the core concept of "Assets in Bank, Tradings on Bitget," it aims to connect professional financial institutions such as banks and custodial companies with Bitget's trading infrastructure. The network integrates core capabilities including independent asset custody, bank and institutional-grade security safeguards, 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 bridges the channel between independent asset custody and trading services, enabling all eligible users to participate in Bitget spot, margin, and futures trading while retaining independent custody rights over their assets, enjoying exchange-grade liquidity and integrated trading services, further lowering the barrier to trading participation and allowing more users to access financial services in a more equitable way.

Bitget CEO Gracy Chen stated that OCN is designed to break the traditional model in which users must entrust their assets to an exchange in order to use its trading services, allowing users to independently choose their asset custody method while enjoying premium liquidity and efficient capital utilization, making financial services more open and inclusive.