This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is expanding its institutional off-exchange settlement services by adding support for two tokenized real-world assets (RWAs): USYC and cUSDO.
Institutions can now use these yield-bearing, tokenized stable assets as collateral via Banking Triparty and MirrorRSV, enabling secure trading on Binance while retaining off-exchange custody and optimizing capital efficiency.
About Banking Triparty and MirrorRSV
Banking Triparty: Binance Banking Triparty is a custody solution modeled after TradFi that allows institutions to trade on Binance while holding their collateral securely with a regulated third-party bank under their own corporate account. This structure helps mitigate counterparty risk and aligns with institutional governance and compliance frameworks.
MirrorRSV: MirrorRSV is an off-exchange custody solution developed by Ceffu, Binance’s institutional crypto custody partner. It allows users to trade on Binance while assets remain in segregated cold wallets, fully verifiable on-chain. This gives institutions enhanced transparency and auditability while retaining access to Binance’s liquidity.
About the Supported Assets
USYC
USYC is the digital representation of interests in Hashnote International Short Duration Yield Fund Ltd, a tokenized money market fund (TMMF) registered in the Cayman Islands (the “Fund”). The Fund invests primarily in reverse repurchase agreements backed by U.S. government securities. It offers near-instant redemption into USDC. USYC will also be natively issued on BNB Chain, increasing its on-chain accessibility to more users.
cUSDO
cUSDO is a wrapped version of OpenEden OpenDollar ("USDO"), a rebasing yield-bearing stablecoin issued by OpenEden Digital, a Bermuda-licensed and regulated entity. cUSDO and USDO let holders earn yield generated from reserves backed by U.S. Treasury bills and reverse repurchase agreements.
Key Benefits
New RWA Support: USYC and cUSDO — tokenized Real-World Assets can now be pledged as off-exchange collateral.
Flexible Custody Options: Choose between Banking Triparty (custody with a regulated third-party bank) or MirrorRSV (segregated cold wallets with on-chain visibility via Ceffu, Binance’s institutional custody partner).
Capital Efficiency: Use high-quality, yield-bearing assets as productive capital. Earn yield while reducing counterparty risk.
Zero Service Fee Until End of 2025
To enhance accessibility to our suite of institutional-grade off-exchange settlement solutions, Binance is waiving all service fees for Banking Triparty and absorbing the fees for Ceffu’s off-exchange settlement solutions. This initiative provides institutions with a seamless, low-friction path to adoption.
Why It Matters
This integration brings real-world asset collateral into Binance’s off-exchange infrastructure, giving institutions new ways to participate in crypto markets with assets that align with traditional portfolio mandates. As demand for exposure to tokenized quality assets such as Treasury bills continues to grow, Binance is enabling institutions to go beyond holding, and start using these assets within secure, compliant capital strategies.
Learn More
To explore how you can start using tokenized assets as off-exchange collateral, contact your Binance VIP or Institutional representative, or fill out the contact form below.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2025-07-24
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use, VIP Loan Terms of Use and Risk Warning.
Content from Ceffu is presented to you on an "as is" basis for general information purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. Features and benefits of USDO and cUSDO are subject to OpenEden’s Terms of Use, and OpenEden may modify or terminate the terms and/or services without notice. Yield and token performance are not guaranteed and may be affected by market conditions. USDO and cUSDO tokens are not registered with, or approved by, any securities regulator and may not be available in all jurisdictions. Features and benefits of MirrorRSV are governed under separate legal agreements, including fees and restrictions. Ceffu and Binance may modify or terminate the terms and/or services without notice. Clients should review the legal agreements and seek independent advice before transactions. For details, refer to OpenEden's Terms of Use, the MirrorRSV agreements, or contact support.
