Hello, the third-party fund custody of P2P platform refers to the flow of funds to the bank account running in the third-party custody company without going through the platform. It is a trend of P2P industry development in the future. The platform itself does not participate in the flow of funds during the transaction. Banks or third-party custody companies directly manage the whereabouts and uses of investment funds in the transaction process, and these investment funds can only be used by designated investors. In this mode, the platform can't get in touch with investors' investment funds, which greatly reduces the risk of running.

But some platforms are fake hosting, so we should carefully distinguish them. The easiest way is to register the platform yourself. After registering the platform account, see if it is necessary to register the account of a third-party payment institution. If you can invest after registering the platform account, then 100% of the platform has no third-party fund custody.