Binance integrates Tokenized Real-World Assets USYC and cUSDO into Off-Exchange Settlement Solutions
Largest crypto exchange will waive banking triparty fee and absorb institutional custody partner Ceffu's MirrorX and MirrorRSV service fees until 2026
DUBAI, UAE, July 24, 2025 /CNW/ -- Binance, the world's leading blockchain ecosystem behind the largest cryptocurrency exchange by trading volume and user base, is pleased to announce it will support tokenized yield-bearing assets USYC and cUSDO through Binance Banking Triparty as well as through its institutional custody partner Ceffu, giving institutional users the additional choice of holding USYC and cUSDO off-exchange while simultaneously enjoying seamless access to the Binance platform and receiving yield on their pledged collateral.
This integration expands the range of supported collateral for institutional users beyond traditional assets such as fiat currencies and Treasury bills on Binance Banking Triparty, and beyond native crypto assets such as bitcoin on Ceffu.
Tokenization of real-world assets excluding stablecoins has increased to $24 billion in June 2025 from $15.2 billion in December 2024, and is projected to reach up to 30% of traditional finance assets worth over $400 trillion by 2034, indicating a potential exponential growth of over 100x for crypto which currently has a market cap of $3 trillion.
"Our integration of tokenized real-world assets demonstrates our continued focus to enhance user experience on Binance. By supporting USYC and cUSDO on Binance Banking Triparty as well as through our custody partner Ceffu, we are offering our institutional clients more choices to optimize their capital efficiency while balancing risk control requirements," said Catherine Chen, Head of Binance VIP & Institutional. "Tokenization of real-world assets enables users to benefit from the inherent properties of digital assets, such as faster and cheaper settlement, 24/7 availability, and on-chain transparency, and will unlock further crypto adoption."
"This collaboration with Binance marks a meaningful advancement in how institutions can engage with tokenized real-world assets," said Kash Razzaghi, Chief Business Officer at Circle. "By making USYC available as off-exchange collateral with yield potential, we're bringing capital efficiency and risk-managed optionality to institutional investors—bridging traditional finance and blockchain-powered markets."
"We're entering a new phase of institutional crypto adoption, where compliance focused, yield-bearing assets like cUSDO are becoming central to how capital is deployed on-chain," said Jeremy Ng, Founder and CEO of OpenEden. "cUSDO's integration into Binance Banking Triparty and their custody partner Ceffu showcases how institutional-grade RWAs can deliver the capital efficiency and security needed to drive meaningful participation from institutions."
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. The Fund offers near-instant redemption into USDC. USYC will also be natively issued on BNB Chain, increasing its on-chain accessibility to more users.
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.
Binance's Global and Growing Banking Triparty Coverage
Binance was the first crypto exchange to introduce a triparty banking solution modeled after traditional finance in 2023, enabling institutional clients to custody their trading collateral under their own corporate account with a network of regulated banking partners, while enjoying seamless access to Binance's full suite of institutional solutions and unparalleled deep liquidity.
To meet demand, Binance has expanded its network of triparty bank partners to enable institutional clients worldwide to meet their risk controls and confidently enter crypto while scaling for growth. With Binance Banking Triparty, clients can scale their trading activity on Binance in line with their capital, directly enhancing liquidity on the exchange to benefit all users.
From now until 2026, Binance is waiving banking triparty fees and will also absorb Ceffu's MirrorX and MirrorRSV service fees to help more institutions accelerate their adoption. Users interested in Binance's off-exchange solutions can visit Binance Banking Triparty and Ceffu, or contact their Binance VIP & Institutional representative.
Disclaimer
USYC is a digital asset token. Each USYC token serves as a digital representation of a share of the Hashnote International Short Duration Fund Ltd. (the "Fund"), a Cayman Islands registered mutual fund. The Fund has appointed Circle International Bermuda Limited ("CIBL"), a Bermuda Monetary Authority licensed digital asset business, as its token administrator, responsible for the management of USYC on behalf of the Fund.
Shares of the Fund and USYC are only available to non-U.S. Persons, as defined under the Securities Act of 1933, as amended. Additional eligibility restrictions may apply. For additional details or to request Fund documentation, please contact [email protected].
References to the digital assets (USDO and its wrapped version cUSDO) in this communication herein are for information purposes only and are not intended to and do not constitute an offer to sell or the solicitation of an offer to buy, or an invitation to purchase, exchange or subscribe for USDO or cUSDO. USDO and cUSDO are digital assets issued by OpenEden Digital, a digital asset issuer licensed by the Bermuda Monetary Authority and have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended, and may not be offered or sold in the US or such other restricted jurisdictions, including jurisdictions where such offer or sale is in contravention of applicable law, except pursuant to an applicable exemption from registration. No public offering of USDO and cUSDO is being made in the US or restricted jurisdictions. To learn more, please visit https://openeden.com/
Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. 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 and Risk Warning.
About Binance
Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 280 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.
For more information, visit: https://www.binance.com
SOURCE Binance
Share this article