slightly nervous that Freetrade is still in crowdfunding stage. Who is custodian for Freetrade? Ultimately we are taking credit risk on the custodian, not Freetrade in case it goes bust.
The custodian for UK stocks is Freetrade Nominees Limited which holds UK stocks and ETFs in CREST.
The US custodian is a SEC registered broker which holds those stocks in the DTCC.
You can see the details here:
I think you’re misunderstanding the point about keeping client stocks and funds separate from FT’s finances. The whole point of that separation is to protect your assets in the event that the broker has problems. So the fact that FT is still funding isn’t particularly relevant.