OpenEden and Ceffu Introduce First Yield-Bearing Collateral for Institutional Purchasers on Binance
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OpenEden, a agency targeted on real-world asset (RWA) tokenization, has introduced the combination of its yield-bearing token cUSDO with Ceffu’s MirrorRSV platform. The collaboration permits institutional purchasers to make use of cUSDO as off-exchange collateral for margin buying and selling on Binance whereas sustaining segregated custody by way of Ceffu.
The event introduces the primary occasion of yield-bearing collateral being accepted on MirrorRSV, which facilitates off-exchange settlement and margin buying and selling.
Yield-Bearing Collateral
The mixing permits institutional purchasers to deposit cUSDO into Ceffu’s chilly storage through MirrorRSV. A corresponding asset, cUSDOX, is issued by Binance to the consumer’s Portfolio Margin account in a 1:1 ratio, enabling buying and selling exercise with out direct on-exchange asset publicity.
The underlying cUSDO continues to accrue yield whereas held in custody. That yield is derived from reserve property comprising tokenized U.S. Treasury Funds, together with OpenEden’s TBILL Fund, which has obtained a Moody’s investment-grade score.
“OpenEden’s partnership with Ceffu delivers a a lot sought-after innovation to institutional buying and selling,” mentioned Jeremy Ng, Founding father of OpenEden. “With cUSDO as the primary yield-bearing collateral on MirrorRSV, establishments can earn yield on collateral property held in off-exchange custody whereas retaining full margin buying and selling entry on the trade. This construction mirrors conventional monetary markets and is designed to speed up institutional participation in digital asset investments.”
“The mixing of yield-bearing collateral represents a basic shift in how establishments can optimize their digital asset methods,” mentioned Ian Loh, CEO of Ceffu. “Along with OpenEden, now we have constructed an answer that bridges the hole between conventional finance and the digital asset ecosystem. It’s precisely the sort of innovation that may speed up institutional adoption of digital property.”
Regulated Yield-Bearing Stablecoin
cUSDO is the wrapped model of USDO, a regulated yield-bearing stablecoin issued by OpenEden Digital, a Bermuda-licensed entity. The token complies with the ERC-4626 commonplace and is meant to facilitate broader composability throughout decentralized finance (DeFi) and institutional platforms.
USDO is totally backed by tokenized U.S. Treasuries, and its reserves are transparently disclosed and independently verified.
Whereas yield-bearing stablecoins and tokenized treasuries aren’t new to DeFi, their integration into institutional buying and selling workflows stays comparatively new. However with elevated consideration on danger administration and capital effectivity, this new integration can attraction to institutional buying and selling companies in search of to scale back counterparty danger, and function a take a look at case for the way yield-generating devices can function inside compliant, off-exchange frameworks.
About OpenEden
OpenEden operates a number one real-world asset (RWA) tokenization platform, famend for its unmatched concentrate on regulatory requirements and superior monetary expertise. Based in 2022, OpenEden bridges conventional and decentralized finance by offering, by way of its regulated entities within the BVI and Bermuda, safe, clear, and compliant on-chain entry to tokenized RWA. OpenEden is redefining monetary entry by way of tokenization with a core concentrate on compliance and innovation. To be taught extra, go to www.openeden.com.
About Ceffu
Ceffu is a compliant, institutional-grade custody platform providing custody and liquidity options which are ISO 27001 & 27701 licensed and SOC2 Kind 1 & Kind 2 attested. Our multi-party computation (MPC) expertise, mixed with a customizable multi-approval scheme, offers bespoke options for safely storing and managing digital property.
