Bitget Introduces Open Custody Network, Redefining the Relationship Between Custody and Trading

VICTORIA, Seychelles, Nov 6 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has announced the launch of the Open Custody Network (OCN), a new network connecting banks and institutional-grade custodians with Bitget’s trading infrastructure for all eligible users.

The initiative addresses a longstanding structural characteristic of the cryptocurrency exchange industry: the concentration of asset custody and trading activities within a single platform. Under the traditional centralized exchange model, users typically transfer their assets to an exchange to access the trading capabilities, concentrating custody and execution within the same venue.

Bitget OCN aims to address this shift by uniting custody independence, banking and institutional-grade security, integrated exchange trading, capital efficiency, and connected liquidity. Through Bitget OCN, users can maintain custody of their assets with participating external providers while accessing trading opportunities on Bitget, without requiring the underlying assets to be held directly in exchange custody. It also aims to provide traders with a more integrated experience, lower barriers to entry for everyone, and more equitable access to financial services.

OCN connects independent custody with Bitget’s spot, margin, and futures markets through asset mirroring, allowing eligible users to trade while keeping assets with their selected provider. For market makers, asset managers, and other institutions, the solutions offer a practical way to manage custody concentration risk while putting externally held assets to work across trading strategies. The result is greater custody flexibility and the ability to deploy externally held assets across trading strategies.

"We challenge the assumption that users must place their assets in an exchange’s custody to access its trading capabilities," said Gracy Chen, CEO of Bitget. "Our proposition, ‘Assets in Bank, Tradings on Bitget.’, puts custody choice at the centre of that approach. For the first time, users can leverage world-class liquidity and capital efficiency with lower barriers and zero compromise on custody.”

For more information, visit here.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | X | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/490757e9-ea5c-475b-a728-6eebdcc4e3fe

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

SeenThis Studio MCP takes video ads from prompt to live with everyday AI tools

SeenThis Studio MCP connects Claude, ChatGPT and other AI tools to SeenThis Studio, letting agencies and brands build, version, approve and deliver video ads for the open web and social platforms from a single brief

STOCKHOLM, Nov 6 (Bernama-GLOBE NEWSWIRE) -- SeenThis, the video advertising partner, today announced the early access launch of SeenThis Studio MCP. Teams share a brief with the AI tool they already use, and it builds editable video ads in SeenThis Studio, ready for approval and delivery across the open web and social platforms.

Building video ads across multiple digital channels, and especially for the open web, requires specialist expertise, from creative adaptation and tracking setup to ad server and DSP configurations. The MCP puts that expertise directly into the hands of the teams who own the brief.

The AI tools teams already work with hold their brand guidelines, data and ways of working, which is why SeenThis chose to connect SeenThis Studio to them. The AI tool brings the knowledge of the brand, and SeenThis Studio brings the video expertise.

The AI tool builds and animates video ads in every required format, using supplied copy and brand styling. It creates versions for different markets, languages and offers, connects product feeds and shares previews for client sign-off. Early tests show production time reduced by more than 90%, meaning complex video ads that would take most of a working day to build can now be ready in under an hour.

“Frontier AI models now work the way a motion designer does, in real creative tools: they storyboard, set keyframes, time the type to the voice and cut to the beat. So why should ad video work any differently?” said Mark Pasternak, Chief Product and Technology Officer at SeenThis. “Your AI tool knows your brand. Our engine knows how an ad has to work. The more SeenThis Studio can do, the more your AI tool can do.”

Behind every build is the expertise of SeenThis's technical producers, who turn what they know about how video ads perform into the templates and guidance the AI tool follows, and who support teams with complex builds.

The MCP signs in with each user’s SeenThis Studio account. Teams then push the approved ads directly from the SeenThis Studio interface to DV360 and to social platforms like Meta and TikTok.

“AI is changing how every agency works, and video advertising is next. SeenThis has always built the technology behind the ad, from creation to delivery, and SeenThis Studio MCP puts that technology to work for the AI tools agencies already rely on. It means more brands can run great video across the open web, faster and at scale,” said Jesper Benon, CEO of SeenThis.

Availability

SeenThis Studio MCP is available now in early access to a limited group of agencies and brands. It works with AI tools supporting MCP (Model Context Protocol), the open standard for connecting AI tools to other software. Request access here.

About SeenThis

SeenThis is the video advertising partner for the open web, capturing more attention and exceptional results with cost-effective video. Since 2017, SeenThis has served billions of streams for 5,000+ brands across 50+ countries. SeenThis Studio, its creative platform, lets agencies and brands build and deliver video ads themselves. www.seenthis.co.

Media contact:

Emilie Ekengren
emilie@seenthis.se

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/20e1625c-d99d-498d-b35e-6587cf026c4b

SOURCE: Seenthis AB

--BERNAMA

DENODO NAMED GARTNER LEADER IN DATA INTEGRATION TOOLS FOR SEVENTH STRAIGHT YEAR

KUALA LUMPUR, Nov 5 (Bernama) -- Data management company, Denodo has been named a Leader in research firm Gartner’s Magic Quadrant for Data Integration Tools for the seventh consecutive year.

The 2026 report, published on Nov 2, analysed 19 vendors. Denodo said it believes the recognition reflects the strength of its support for agentic artificial intelligence (AI) and the loyalty of its customers.

“We are extremely proud that Gartner has once again recognised Denodo as a Leader in the Magic Quadrant for Data Integration Tools, as Gartner has done for the previous six years,” said Denodo Senior Vice President and Chief Marketing Officer Ravi Shankar.

In a statement, he said data integration was increasingly driven by the needs of AI agents, which require data that is integrated, governed and supported by business context.

Gartner said in the report that by 2028, 60 per cent of data integration tasks will be completed autonomously, freeing up 20 per cent of data engineers’ time.

Since last year’s report, Denodo has released two updates to its platform. Denodo Platform 9.4, released in March, enables AI systems and users to access live data within governance boundaries, while version 9.5, released in July, adds features to support AI agents.

The Denodo Platform has an average rating of 4.6 out of 5 from 337 user ratings on the Gartner Peer Insights platform, as of November 2026.

-- BERNAMA

GUOCOLAND NAMED BEST DEVELOPER, UOL TOPS PROPERTYGURU SINGAPORE AWARDS

KUALA LUMPUR, Nov 3 (Bernama) -- GuocoLand was named Best Developer at the 16th PropertyGuru Asia Property Awards (Singapore), while UOL Group Limited was the most awarded company of the night.

It was the fifth time GuocoLand has won the top honour in the awards’ history, with its Springleaf Residence, developed with Hong Leong Holdings, and River Modern projects also winning across design, development and sales categories. More than 40 awards were presented at a gala dinner at The St Regis Singapore.

“Singapore is unique. With limited land and fierce competition, this market demands precision, innovation, and foresight like nowhere else,” said PropertyGuru Asia Property Awards and Events general manager, Jules Kay in a statement.

UOL Group was named Best Residential Developer, Best Sustainable Developer and Best Hospitality Developer, and also won design and development awards for NoMad Hilton Singapore. Its joint ventures behind Skye at Holland and Thomson Reserve also won multiple awards.

Frasers Property Singapore won Best Luxury Developer, and Jean Yip Developments was named Best Landed Developer, while SingHaiyi Group won both Best Lifestyle Developer and Best Condo Developer. Soon Hock Enterprise Holding was named Best Industrial Developer, and The Assembly Place won Best Co Living Operator.

Wee Hur Holdings executive chairman and managing director, Goh Yeow Lian was named Real Estate Personality of the Year, while SingHaiyi Group and Tang Organization Group chief executive officer (CEO), Gallant Tang received the Rising Star award.

The new Best Selling Awards, based on sales data, went to City Developments Limited for Newport Residences, GuocoLand for River Modern and Sim Lian JV (Tampines 7) for Rivelle of Tampines, as well as the developers of Tengah Garden Residences and the Skye at Holland joint venture. Pinery Residences by Hoi Hup Sunway Tampines Residential won Best Selling Mixed Use Development.

The competitively judged categories were decided by an independent panel chaired by FollowTrade CEO, Roy Ling, with HLB supervising the judging. Top Singapore winners in eligible categories may advance to the Grand Final in Bangkok on Dec 11 to compete for the Best in Asia titles.

-- BERNAMA

YYFORCE SAYS MARKET VALUE AT A TENTH OF NET ASSETS

KUALA LUMPUR, Nov 3 (Bernama) -- YYForce Inc (YYForce) announced its shares are trading at a steep discount to book value, with its market capitalisation at about a tenth of its reported net assets.

The workforce solutions and facility management services provider put its estimated market value at about US$2.1 million as of Oct 30, 2026, against net assets of about US$21.9 million as of June 30, a discount of about 90.4 per cent. (US$1 = RM4.06)

The company’s total assets stood at about US$38 million, according to its Form 6-K filing on Sept 25.

The company cautioned that the comparison uses rounded figures from different dates. It added that book equity does not represent unrestricted cash, tangible net assets, liquidation proceeds or an estimate of intrinsic value.

“We believe the difference between our reported book equity and public market capitalisation warrants investors’ attention. Our responsibility is to provide clear financial information and execute our commercial strategy,“ said YYForce Chief Executive Officer, Mike Fu.

In a statement, Fu said the company would evaluate each investment against customer demand, available liquidity, capital requirements and expected returns.

YYForce’s priorities include deploying service robots integrated with hospitality and enterprise workflows. It is also developing AI-enabled digital platforms to support workforce coordination, shift delivery and facility operations.

YYForce’s priorities include deploying service robots integrated with hospitality and enterprise workflows. It is also developing digital platforms powered by artificial intelligence to support workforce coordination, shift delivery and facility operations.

The company said future commercial progress remains subject to operational execution, customer adoption and broader market conditions.

-- BERNAMA

SOUTH KOREA’S KB INSURANCE RATINGS AFFIRMED EXCELLENT - AM BEST

KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has affirmed South Korea’s KB Insurance Co Ltd (KBI) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.

These credit ratings (ratings) reflect KBI’s strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management, as well as support from its parent, KB Financial Group Inc (KB Group), AM Best said in a statement.

KBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio, while its local solvency ratio is largely in line with the industry average and demonstrates an adequate buffer above the minimum regulatory requirements.

AM Best calculated KBI’s adjusted financial leverage at 8.2 per cent as of June 2026 and said the company has good access to capital markets and a conservative investment strategy.

KBI’s return on equity and combined ratios are broadly in line with domestic peers, but profitability in its main long-term insurance business remains under pressure from rising medical claims and competition. Its auto insurance business recorded underwriting losses in 2025 because of base rate cuts and stronger competition.

KBI is South Korea’s fourth-largest non-life insurer, with a stable market share of approximately 13 per cent, while its overseas operations remain modest, and it plans to explore further international opportunities with a measured approach to diversify earnings and sustain long-term growth.

As a wholly owned subsidiary and the only non-life insurer in KB Group, one of South Korea’s largest financial holding companies, KBI is strategically important to its parent and has received explicit capital support since joining the group in 2015.

AM Best said the ratings could be lowered if KBI’s balance sheet weakens significantly or if support from KB Group is reduced and could be raised if its operating performance consistently outperforms industry peers.

-- BERNAMA

AM BEST SEES RESILIENT ASIA PACIFIC INSURANCE SECTOR

 

KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has published its analysis of 17 insurance markets in Asia Pacific, assessing the economic, political and financial system risks in each, to coincide with the Singapore International Reinsurance Conference.

AM Best’s Singapore operations managing director and co-chief executive officer, Rob Curtis said geopolitical and trade realignment is reshaping how risk is priced and transferred, natural catastrophes continue to test underwriting and reinsurance capacity, and new risk-based capital rules are raising the bar for capital management.

“Overall, the Asia Pacific insurance industry continues to demonstrate strong resilience through ample capital buffers, disciplined underwriting and solid economic growth engines,” he said in a statement.

The report also covers regulatory developments and natural catastrophe and climate risks in each market and benchmarks AM Best-rated companies, including reinsurers, mutual insurers and captive insurers.

AM Best said country risk is factored into its ratings on a case-by-case basis, as it can affect an insurer’s ability to meet its financial obligations.

The report also includes an overview of AM Best’s assessments of delegated underwriting firms, such as managing general agents and coverholders.

The credit rating agency will hold its annual insurance market briefing for conference delegates at the event on Nov 3.

-- BERNAMA