EOS Network Foundation Boosts Crypto Security With Binance Custody Platform

Key Points:

• The EOS Network Foundation has partnered with Binance’s Ceffu to enhance institutional asset security and expand CeDeFi opportunities.
• EOS’s inclusion in the Coinbase COIN50 Index highlights its increasing institutional adoption and prominence in the crypto economy.

The EOS Network Foundation has announced a strategic collaboration with Ceffu, Binance’s institutional custody platform, to strengthen the security of assets and expand CeDeFi opportunities for the holders of the EOS token.

Read more: Tether Strategic Transition Implemented With EOS and Algorand Support Dropped From June 24 

EOS Network Foundation Partners with Ceffu to Enhance Institutional Security

By partnering with Ceffu, a part of Binance institutional custody, the EOS Network Foundation seeks to bring together the strengths of CeFi and DeFi toward the creation of innovative solutions tailored for institutional investors.

With its advanced custody infrastructure, which includes multi-party computation (MPC) and customizable approval schemes, Ceifu provides institutions with a strong foundation for securing their EOS assets. The new integration through MirrorX enables fund managers to deploy CeDeFi strategies using Binance’s liquidity and advanced trading mechanisms to deliver superior yield solutions.

EOS has been added to the Coinbase COIN50 Index, a benchmark of the top 50 digital assets on Coinbase Exchange.

Innovations Power Up EOS Ecosystem with Better Tokenomics

The EOS Network is a third-generation blockchain that runs on the EOS Virtual Machine. It’s designed for high-speed, low-cost transactions. The architecture supports seamless Web3 experiences for both developers and users, further solidifying its appeal.

EOS tokenomics improvements have contributed to a performance booster, such as the $450 million staking rewards program, which quadrupled the participation of staking and extended the token lock-up period from 4 to 28 days.

For EOS token holders, this partnership between Ceffu and EOS would be one major milestone in the marriage of very secure asset safety across the networks and further investigations into groundbreaking financial methodologies in the continuing series by EOS to solidify its standing as a blockchain par excellence.