Ceffu joined hands with the EOS Network Foundation (ENF) to provide institutional-grade custodial services for EOS token holders.
Ceffu, the institutional custody partner of Binance, has recently joined hands with the EOS Network Foundation (ENF) to provide institutional-grade custodial services for EOS token holders, along with unlocking new CeDeFi opportunities.
With its advanced custody infrastructure, Ceffu provides institutions with a secure solution for safeguarding their EOS assets using multi-party computation (MPC) and customizable approval schemes.
Additionally, by using Binance’s MirrorX integration, institutional fund managers can implement CeDeFi strategies. This helps to combine the benefits of both decentralized finance (DeFi) and centralized exchanges (CEXs).
Furthermore, by leveraging Binance’s liquidity and trading mechanisms, EOS token holders can access innovative yield solutions designed specifically for institutional investors. Speaking on the development, Yves La Rose, Founder & CEO of the EOS Network Foundation, said:
“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 institutional-grade custody platform featuring its unique multi-party computation (MPC) technology. This combines a customizable multi-approval scheme while offering bespoke solutions that allow institutional clients to safely store and manage their digital assets.
EOS has recently become part of the newly launched COIN50 Index, which is an S&P 500 equivalent for the crypto industry representing the top 50 digital assets listed on Coinbase. This shows that there’s growing institutional interest in EOS recently. It also reinforces EOS’s standing as a leading blockchain platform and a significant player in the evolving crypto economy.
The recent performance improvements of EOS are driven by community-approved enhancements to its tokenomics. Key updates include a dedicated funding bucket for middleware and the introduction of the Unicove portal, which streamlines the onboarding process and enhances the user experience.
Additionally, the active staking rewards program, which has distributed $450 million worth of EOS over the past five months, has boosted staking participation by four times. The program also extended the token lockup period from 4 to 28 days. These tokenomics changes collectively strengthen the EOS ecosystem, increasing its appeal and robustness.
Earlier this September, the EOS Network successfully completed its major upgrade to Spring 1.0, introducing the Savanna consensus algorithm. This upgrade ushers in a new era of enhanced performance, reliability, and speed for the network
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
