custody

According to Axios, the Bitcoin custody platform Onramp has completed a $12.5 million Series A funding round, bringing the company's valuation to $135 million. Early Riders led the round, with participation from its private clients and external angel investors.Onramp focuses on helping large Bitcoin holders diversify their assets across multiple institutions, allowing users to avoid reliance on a single custodian and not having to manage private keys themselves.

According to official news, Consensys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) stating that the SEC's latest interpretive framework for crypto assets may leave regulatory gaps, creating compliance uncertainty for self-custody wallet providers like MetaMask.Consensys requests that the SEC clarify through a targeted safe harbor or other exemption measures that self-custody, user-led interfaces that only support the trading of non-security crypto assets potentially attached to investment contracts do not need to register as broker-dealers.Consensys stated that this move aims to ensure that U.S. users can continue to use open, neutral peer-to-peer blockchain tools.

According to Crowdfund Insider, Bank of New York Mellon (BNY) announced that it will launch compliant institutional-grade digital asset custody services in the Abu Dhabi Global Market (ADGM), promoting Abu Dhabi as a global digital financial center, aiming to provide institutional clients with highly secure and scalable digital asset custody solutions.It is reported that the initial services will support custody for Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWA), and more regulated digital financial products. The project still requires final agreement confirmation and relevant regulatory approvals.

Payward (the parent company of Kraken) has applied to the OCC for a national trust company license, planning to establish Payward National Trust Company (PNTC). This entity will provide regulated, bank-like digital asset custody and trust services to institutional and individual clients.Previously, Coinbase and Ripple have received conditional approvals for similar licenses, indicating that crypto institutions are accelerating their alignment with the compliant financial system.

The on-chain analysis platform Bubblemaps posted on platform X, indicating that the token MYSTERY may have experienced highly concentrated control behavior during its initial launch, describing it as a "textbook scam."Bubblemaps disclosed data showing that about 90 created wallets seized approximately 90% of the supply when MYSTERY launched and continued to sell off in subsequent stages, having cashed out over $100,000 while still holding about 40% of the token supply. Additionally, there were obvious characteristics of "bundled distribution" and centralized control during the launch phase of the token, and some KOLs promoting the token were also accused of engaging in paid promotion activities.

According to Crowdfund Insider, Swiss financial market infrastructure provider SIX has obtained approval from the Swiss Financial Market Supervisory Authority (FINMA) to directly integrate its digital central securities depository (CSD, formerly operated by SIX Digital Exchange AG) into the existing SIX SIS AG division. At the same time, FINMA has authorized SIX to provide cryptocurrency custody services through the merged central securities depository.Previously, SIX maintained separate infrastructures for traditional markets and blockchain-based assets for many years. This integration eliminates that boundary, creating a single platform to support end-to-end post-trade operations across asset classes. Financial institutions can manage cryptocurrency custody using the same security framework as traditional instruments like stocks and bonds under the FINMA regulatory framework.Rafael Moral Santiago, Head of Securities Services and Executive Committee Member at SIX, stated that the goal is to provide financial institutions with a single secure entry point into digital assets, combining innovation with the stability of existing systems. This initiative is part of SIX's long-term plan to build a comprehensive post-trade solution across Europe by 2030.SIX is headquartered in Switzerland and is owned by approximately 120 financial institutions, with operations covering exchanges, post-trade services, financial information, and payment infrastructure.

According to official news, the asset tokenization platform Securitize has announced that it has received approval from the Financial Industry Regulatory Authority (FINRA) to expand its brokerage proprietary business through its subsidiary Securitize Market. This allows it to conduct tokenized securities custody business within the framework of traditional brokerages, enabling on-chain atomic swaps and clearing settlements between tokenized securities and stablecoins, as well as participating in the primary and secondary issuance underwriting and sales of tokenized securities.

According to CoinDesk, Kraken's parent company Payward submitted a second amended complaint to the U.S. District Court for the District of Colorado, suing former custody partner Etana Custody and its CEO Dion Brandon Russell, accusing them of misappropriating over $25 million in customer funds and operating a "Ponzi scheme."Payward claims that Etana mixed custodial assets with its own funds to pay for operational expenses and high-risk investments, and covered up the funding gap with false account reports.In April 2025, when Kraken attempted to withdraw about $25 million in reserve funds, Etana delayed the process citing false reconciliation issues and relied on new deposits to fill the gap. Among these, at least $16 million was invested in a promissory note from Seabury Trade Capital, which later defaulted.Colorado regulators subsequently issued a cease and desist order against Etana, which entered liquidation proceedings in November 2025 and is currently managed by a court-appointed receiver. Kraken is seeking at least $25 million in damages and triple civil theft damages.

MARA has launched the MARA Foundation to enhance Bitcoin's defense capabilities against security threats, covering risks such as quantum computing, while expanding the accessibility of self-custody and providing educational resources.

Blockchain.com announced the launch of perpetual contract trading features supported by Hyperliquid in its non-custodial DeFi wallet, allowing users to conduct leveraged trading directly within their own wallets without the need to transfer assets to third-party exchanges, achieving full self-custody.

According to on-chain analyst Yu Jin's monitoring, 8.253 million TRUMP were transferred from a BitGo custody wallet to OKX 10 minutes ago, worth 23.44 million USD. By tracing back, it can be seen that these TRUMP originated from a team wallet two months ago.

The UK's Financial Conduct Authority (FCA) has released the final draft of the crypto asset framework. This new regulation is set to bring most crypto activities under the regulation of the Financial Services and Markets Act by October 25, 2027.According to the proposal, any institution that holds customer crypto assets for more than 24 hours or has the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license. Validators and node operators that provide value-added features such as yield or reward reinvestment will lose their technical exemptions. In addition, stablecoin issuers within the UK must control the entire lifecycle from issuance to redemption. Relevant institutions must submit authorization applications between September 30, 2026, and February 28, 2027.

According to the Wall Street Journal, trading and investment platform eToro announced the acquisition of self-custody crypto wallet provider Zengo, with the specific acquisition amount undisclosed.The acquisition aims to combine eToro's global multi-asset platform and distribution channels with Zengo's non-custodial wallet technology, supporting Zengo's next phase of growth while expanding eToro's digital asset capabilities.

According to Theblock, institutional payment giants Visa and Stripe, as well as Zodia Custody under Standard Chartered Bank, have become early validators of Tempo.It is reported that Tempo is an Ethereum-compatible Layer 1 built for high-throughput payments and stablecoin settlements. The project is incubated by Stripe and Paradigm and launched on a private testnet in September. At the same time, Tempo also launched a proxy payment protocol aimed at enabling transactions through software proxies.

According to official news, Tether has announced the launch of tether.wallet, a self-custody digital wallet that puts Tether's global financial infrastructure directly in the hands of users.With the launch of tether.wallet, this funding distribution network is now open directly to end users for the first time. This release marks a further extension of Tether's efforts in building an open financial system and expands its capabilities into products for everyday use.

At around 2-3 AM today, the price of FF surged 137% from $0.072 to $0.171. At 3:30 AM, 115 million FF (approximately $15.81 million) was transferred from a BitGo custody wallet, and currently, 68.51 million FF (approximately $8.32 million) has entered Binance and Bybit. The price of FF has also dropped from $0.171 to around $0.1 now.

According to on-chain analyst Yu Jin's monitoring, from 2 AM to 3 AM, FF (Falcon Finance) rose 137% from $0.072 to $0.171. At 3:30 AM, 115 million FF, worth $15.81 million, was transferred from the BitGo custody wallet (0x078...E74). Currently, 68.51 million FF, worth $8.32 million, has been transferred to Binance and Bybit. The price of FF has fallen from $0.171 back to $0.1.

According to Bloomberg, Standard Chartered Bank plans to bring the client custody business of its Zodia Custody back under its Corporate and Investment Banking (CIB) digital assets division, with an announcement expected as early as this month. After the restructuring, Zodia will operate solely as an independent custody technology software as a service (SaaS) platform.Standard Chartered Bank established Zodia Custody in late 2020 in partnership with Northern Trust through its innovation division SC Ventures, subsequently attracting a few equity investors such as SBI Holdings, National Australia Bank, and Emirates NBD. It currently has about 150 employees across seven offices worldwide.

According to BBX data, yesterday global listed companies released strong fundamental signals in "traditional finance entry" and "small and mid-cap dollar-cost averaging":$20 million insurance capital entry: Corebridge Financial (NYSE: $CRBG) disclosed yesterday that the board has approved a $20 million Bitcoin allocation plan. As one of the largest retirement and life insurance providers in the U.S., this move marks the beginning of risk-averse "insurance capital" incorporating BTC into long-term reserves.100% monthly retention: Iris Energy (NASDAQ: $IREN) released its unaudited production report for March yesterday, confirming that its monthly output of 450 BTC has been fully transferred to cold wallets, officially joining the "zero-sale mining company" club.5% cash flow conversion: Beyond Inc. (NYSE: $BYON) (formerly Overstock) updated its corporate treasury guidelines yesterday, announcing that it will convert 5% of its free cash flow at the end of each quarter into Bitcoin, reviving its hard asset strategy as an early crypto payment evangelist in North America.Bond issuance to acquire 50 BTC: Cathedra Bitcoin (TSX-V: $CBIT) announced yesterday the completion of a $4 million priority secured bond issuance, with the raised funds fully used during the trading day to purchase 50 BTC at market price.Century-old institution launches custody: State Street (NYSE: $STT) officially opened its enterprise-level digital asset custody vault to Nasdaq and NYSE listed companies yesterday. The implementation of this compliant infrastructure directly removes the audit barriers for hundreds of conservative companies to purchase cryptocurrency.

According to Arkham data, at 22:02, 35,000 SOL (worth approximately $2.9 million) was transferred from Fireblocks Custody to an anonymous address (starting with GiK5d...).