EOS Network partners with Binance’s Ceffu for institutional custody

EOS Network Foundation has partnered with Binance’s institutional custody platform Ceffu to improve security and CeDeFi opportunities for EOS token holders.

The collaboration allows institutions to store EOS cryptocurrency through Ceffu’s custody services, which include advanced security features and access to Binance’s MirrorX platform.

Custody services like Ceffu play a critical role in the cryptocurrency ecosystem. They provide institutions with secure storage solutions for large digital asset holdings by offering features such as multi-party calculation and customizable confirmation schemes.

For EOS (EOS) token holders, this partnership offers opportunities to explore CeDeFi, or decentralized finance, which combines the enhanced asset security and convenience of centralized exchanges with the innovation of decentralized platforms.

EOS 🤝 Ceffu

#EOS Network Foundation is pleased to announce: @CeffuGlobalcorporate custody partner @Binancenow supports EOS mainnet.

This partnership offers enterprise-grade custody and unlocks CeDeFi opportunities $EOS Owners via Binance… pic.twitter.com/QRJGOtQstW

— EOS Network (@EOSNetworkFDN) December 5, 2024

Binance’s liquidity

Through Binance’s MirrorX, institutional fund managers can implement CeDeFi strategies by leveraging Binance’s liquidity and trading features. This integration offers access to enhanced return opportunities tailored to institutional needs and is aligned with EOS’ strategy to attract more institutional investors.

EOS is gaining traction among institutional investors with its inclusion in the Coinbase COIN50 Index, which tracks the top 50 digital assets. The blockchain platform has introduced significant updates, including a $450 million staking reward program and tokenomic improvements such as extended token locking periods and the launch of the Unicove portal to facilitate user onboarding.

EOS Network Foundation CEO Yves La Rose highlighted the partnership’s potential to scale enterprise participation in the EOS ecosystem. “Ceffu’s integration with EOS represents a significant step in creating the infrastructure necessary to support enterprise engagement at scale,” they said.

The partnership underscores the growing importance of enterprise-grade infrastructure in the evolving crypto economy and underscores EOS’s position as a blockchain platform aiming for wider adoption.