Ceffu Partners with EOS Network Foundation for Institutional Custody Services
Ceffu, the institutional custody partner of Binance, has partnered with the EOS Network Foundation (ENF) to offer custodial services for EOS token holders and create new CeDeFi opportunities.
Ceffu's custody infrastructure utilizes multi-party computation (MPC) and customizable approval schemes to secure EOS assets for institutions. Through Binance’s MirrorX integration, institutional fund managers can execute CeDeFi strategies that merge decentralized finance (DeFi) and centralized exchanges (CEXs).
By utilizing Binance's liquidity and trading options, EOS token holders gain access to innovative yield solutions tailored for institutional investors. Yves La Rose, Founder & CEO of the EOS Network Foundation, stated:
“Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale. By partnering with Ceffu, we are creating new pathways for institutions to securely participate in the EOS ecosystem and benefit from its evolving opportunities.”
Ceffu is an ISO-compliant custody platform that features unique MPC technology, allowing a customizable multi-approval scheme and bespoke solutions for institutional clients to manage their digital assets securely.
Ceffu Caters to Growing EOS Market Dominance
EOS has been included in the newly launched COIN50 Index, akin to the S&P 500 for crypto, highlighting increasing institutional interest. This solidifies EOS's position as a leading blockchain platform within the crypto economy.
Recent performance enhancements for EOS stem from community-approved updates to its tokenomics, including a funding allocation for middleware and the Unicove portal to improve onboarding and user experience.
The active staking rewards program has distributed $450 million worth of EOS over five months, quadrupling staking participation and extending the token lockup period from 4 to 28 days. These changes enhance the EOS ecosystem's appeal and stability.
In September, the EOS Network completed its major upgrade to Spring 1.0, introducing the Savanna consensus algorithm, which improves the network's performance, reliability, and speed.