8 hours ago
OpenEden, a steadfast focused connected real-world plus (RWA) tokenization, has announced the integration of its yield-bearing token cUSDO with Ceffu’s MirrorRSV platform. The collaboration enables organization clients to usage cUSDO arsenic off-exchange collateral for borderline trading connected Binance portion maintaining segregated custody done Ceffu.
The improvement introduces the archetypal lawsuit of yield-bearing collateral being accepted connected MirrorRSV, which facilitates off-exchange colony and borderline trading.
Yield-Bearing Collateral
The integration allows organization clients to deposit cUSDO into Ceffu’s acold retention via MirrorRSV. A corresponding asset, cUSDOX, is issued by Binance to the client’s Portfolio Margin relationship successful a 1:1 ratio, enabling trading enactment without nonstop on-exchange plus exposure.
The underlying cUSDO continues to accrue output portion held successful custody. That output is derived from reserve assets comprising tokenized U.S. Treasury Funds, including OpenEden’s TBILL Fund, which has received a Moody’s investment-grade rating.
“OpenEden’s concern with Ceffu delivers a overmuch sought-after innovation to organization trading,” said Jeremy Ng, Founder of OpenEden. “With cUSDO arsenic the archetypal yield-bearing collateral connected MirrorRSV, institutions tin gain output connected collateral assets held successful off-exchange custody portion retaining afloat borderline trading entree connected the exchange. This operation mirrors accepted fiscal markets and is designed to accelerate organization information successful integer plus investments.”
“The integration of yield-bearing collateral represents a cardinal displacement successful however institutions tin optimize their integer plus strategies,” said Ian Loh, CEO of Ceffu. “Together with OpenEden, we person built a solution that bridges the spread betwixt accepted concern and the integer plus ecosystem. It’s precisely the benignant of innovation that volition accelerate organization adoption of integer assets.”
Regulated Yield-Bearing Stablecoin
cUSDO is the wrapped mentation of USDO, a regulated yield-bearing stablecoin issued by OpenEden Digital, a Bermuda-licensed entity. The token complies with the ERC-4626 modular and is intended to facilitate broader composability crossed decentralized concern (DeFi) and organization platforms.
USDO is afloat backed by tokenized U.S. Treasuries, and its reserves are transparently disclosed and independently verified.
While yield-bearing stablecoins and tokenized treasuries are not caller to DeFi, their integration into organization trading workflows remains comparatively new. But with accrued attraction connected hazard absorption and superior efficiency, this caller integration tin entreaty to organization trading firms seeking to trim counterparty risk, and service arsenic a trial lawsuit for however yield-generating instruments tin run wrong compliant, off-exchange frameworks.
About OpenEden
OpenEden operates a starring real-world plus (RWA) tokenization platform, renowned for its unmatched absorption connected regulatory standards and precocious fiscal technology. Founded successful 2022, OpenEden bridges accepted and decentralized concern by providing, done its regulated entities successful the BVI and Bermuda, secure, transparent, and compliant on-chain entree to tokenized RWA. OpenEden is redefining fiscal entree done tokenization with a halfway absorption connected compliance and innovation. To larn more, sojourn www.openeden.com.
About Ceffu
Ceffu is simply a compliant, institutional-grade custody level offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions for safely storing and managing integer assets.
The station OpenEden and Ceffu Introduce First Yield-Bearing Collateral for Institutional Clients connected Binance appeared archetypal connected CryptoSlate.
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