custody

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...).

According to Arkham data, at 22:00, 4,860 ETH (worth approximately $9.65 million) was transferred from Fidelity Custody to an anonymous address (starting with 0xeD88...).

The Web3 asset data platform RootData recently organized Coinbase's business partner network in the cryptocurrency field, systematically presenting its complete business landscape from institutional custody services to on-chain developer ecosystem building.Coinbase's client base shows a significant trend towards institutionalization:BlackRock uses Coinbase Prime as its primary custodian for its Bitcoin and Ethereum spot ETFs;Franklin Templeton issues tokenized money market funds on the Base network;Traditional banks such as Citibank and JPMorgan have also connected to Coinbase's infrastructure, laying out stablecoin payments and fiat currency clearing;Payment giants like Stripe, PayPal, and Shopify complete merchant-side settlement integration through USDC on Base and Coinbase Commerce.On the supplier side, Coinbase tends to adopt robust blockchain technology services:Optimism provides the OP Stack underlying architecture for Base, Chainlink is responsible for price feeds, and Safe handles account abstraction;The compliance layer is jointly formed by three leading monitoring agencies: Chainalysis, Elliptic, and TRM Labs;KYC identity verification is handled regionally by several service providers such as Jumio and Onfido.In terms of the developer ecosystem, Coinbase gathers AI Agent clients through the CDP (Developer Platform), with Firecrawl, Fereai, and Questflow leveraging the x402 protocol or CDP server wallets for on-chain autonomous payments, marking Coinbase's extension towards "AI payment infrastructure." Related collection: 【Coinbase Crypto Partner Network Collection (Continuously Updated)】Cryptocurrency projects actively showcase their partner networks, which has become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 projects to claim data and continues to track and open more project business relationship disclosure channels. The platform has released three consecutive issues of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Stripe, and Coinbase.If you wish to nominate your project in future ecosystem maps, please fill out the 【RootData 2026 Industry Ecosystem Mapping】 form to supplement your important clients and partners.

According to Arkham data, at 03:12, 30,900 SOL (worth approximately $2.65 million) was transferred from Fireblocks Custody to Binance.

According to Arkham data, at 01:58, 38,700 SOL (worth approximately $3.3672 million) was transferred from an anonymous address (starting with 4AK83Vf8...) to Fireblocks Custody.

According to Arkham data, at 22:31, 435.88 BTC (worth approximately 12.15 million USD) was transferred from NYDIG Custody to multiple addresses, including an anonymous address (starting with 1CiRR2...).

According to Arkham data, at 23:43, 6,969,400 TRUMP (worth approximately $23.14 million) was transferred from Fireblocks Custody to an anonymous address (starting with 6Rk5uwxJ...).

According to Arkham data, at 04:59, 12,300 ETH (worth approximately 26.49 million USD) was transferred from an anonymous address (starting with 0x7CbC...) to Fidelity Custody.

Lombard and Bitwise Asset Management announced a partnership at the Digital Asset Summit in New York, offering a solution for institutions to earn yields and collateralize BTC lending without moving assets out of custody, targeting the scale of BTC assets under institutional custody.Bitwise will develop yield strategies that combine DeFi lending with tokenized real-world assets, while the decentralized lending protocol Morpho will provide the infrastructure for BTC collateralized lending. The platform uses Bitcoin-native tools such as partially signed transactions and time locks to verify collateral, allowing positions to be represented on-chain without transferring or re-collateralizing the underlying assets.Phillips stated that Bitcoin Smart Accounts can simultaneously reduce custody, cross-chain bridge, and counterparty risks. This solution is aimed at high-net-worth individuals, asset management firms, and corporate treasuries, with plans to launch in the second quarter of 2026 and will add more custodians and protocols to expand coverage.Lombard estimates that approximately $500 billion in BTC is under institutional custody; DefiLlama data shows that the total locked value of BTC in DeFi is about $2.93 billion, with a market cap of approximately $1.4 trillion; as of the time of writing, Babylon Protocol's total locked value is about $2.8 billion, and Lombard's is approximately $744 million.

According to ZDNET, the Korean National Tax Service plans to select a private custody company in the first half of the year to manage seized virtual assets.Previously, the National Tax Service leaked mnemonic phrases when announcing the results of on-site searches of delinquents, leading to the theft of seized virtual assets twice. As a result, it was decided to shift from self-custody to entrusting professional custody companies. The National Tax Service will select custody companies based on criteria such as security requirements, company size, and whether they are insured according to the "Virtual Asset User Protection Act."The relevant work will be handled by the "Virtual Asset Management System Upgrade Task Force," which was established on the 11th of this month. This task force also plans to improve the comprehensive workflow manual for the entire process of seizure, custody, and sale, and to expand professional training. The National Tax Service is also preparing to establish a new "Digital Asset Management Division," which will be responsible for the seizure, custody, sale, and taxation of virtual assets. The head of the task force stated that this is a method mainly adopted by developed countries and will be implemented in the first half of the year after consulting with experts.

According to Arkham data, at 11:22, 201 BTC (worth approximately 14.11 million USD) was transferred from Fidelity Custody to an anonymous address (starting with bc1qc5wnz...).

According to BBX data, yesterday global listed companies made breakthrough progress in the fields of "financial diversification" and "compliance custody," with the core data as follows:$10 million cryptocurrency purchase plan: Acurx Pharmaceuticals (NASDAQ: $ACXP) board officially approved the allocation of $10 million for the purchase of Bitcoin yesterday. As a biopharmaceutical company, ACXP clearly stated that this move aims to leverage the anti-inflation properties of BTC to hedge against the depreciation risk of long-term R&D funding.10% cash asset allocation: Enfusion (NYSE: $ENFN) announced an update to its financial guidelines, planning to allocate 10% of redundant cash on its balance sheet in batches to BTC and ETH. This financial software giant plans to use crypto assets to enhance the overall risk-adjusted return of its treasury.$5 million increase: Nature's Miracle (NASDAQ: $NMHI) confirmed the launch of its first $5 million Bitcoin strategic treasury plan yesterday, marking the formal acceptance of crypto assets as reserve currency by companies in the agricultural technology sector.40% custody growth: Bakkt (NYSE: $BKKT) Q4 forecast data shows that its enterprise-level crypto asset custody scale has increased by 40% year-on-year. This reflects a significant increase in the reliance of non-native crypto companies on compliant third-party custody institutions when entering the market to purchase cryptocurrencies.