BlockBeats news, on July 18, according to an official announcement, Binance announced that its third-party bank custody has become a formally launched and fully operational solution. The third-party custody is a custody solution aimed at institutions that can hold fiat and traditional financial (TradFi) collateral in regulated third-party banks, while allowing users to trade on Binance. The latest version lowers the entry threshold, with no trading volume commitments required, and waives service fees on staked funds until December 31, 2025.
According to reports, Binance's third-party bank custody is a high-trust custody framework designed for institutions. It allows clients to hold more traditional collateral assets (such as fiat and U.S. Treasury bonds) in dedicated corporate accounts at third-party regulated banks without having to transfer these assets to the trading platform. Meanwhile, clients can still obtain equivalent trading limits on Binance to facilitate trading.