• Ceffu, the institutional crypto custodian and partner of Binance, announced the release of its newest off-exchange settlement solution, MirrorX.
• MirrorX provides institutional investors with instantaneous access to most products available in the Binance ecosystem without needing to move assets to the exchange.
• Digital assets remain in Ceffu’s independent custody at all times and are automatically settled off-chain.
Ceffu Launches New Off-Exchange Settlement Solution
Ceffu, a leading institutional crypto custodian and partner of Binance – the world’s largest cryptocurrency exchange by trading volume – announced today the release of its newest off-exchange settlement solution, MirrorX. This innovative custody solution provides institutional investors with instantaneous access to most products available in the Binance ecosystem without needing to move their assets to the exchange. Digital assets used with MirrorX remain in Ceffu’s independent custody at all times and are automatically settled off-chain.
Benefits for Institutional Investors
MirrorX offers an attractive solution for institutions as it combines on-exchange trading with off-exchange capital on one of the world’s most liquid cryptocurrency exchanges. It helps institutions maximize capital efficiency and reduce counterparty risk while providing them with access to high liquidity across various digital asset markets. Catherine Chen, head of VIP and Institutional at Binance said “We bring an added layer of risk management that allows our clients to diversify their exposure while still maintaining access to our liquidity.”
Positioned At The Forefront Of Institutionalizing The Digital Asset Ecosystem
The launch of MirrorX marks a significant leap forward in the institutionalization of digital asset ecosystems. Ian Loh, President of Ceffu said “Regardless of how markets move, institutions need innovative solutions that combine security and ease of access to liquidity.” Through this partnership between Ceffu and Binance they are able provide these solutions that meet high standards required by institutional clients which positions them at forefront of this space.
Compliant And Attested Custody Solutions
Ceffus’s custody solutions offer ISO 27001 certified security measures as well as SOC type one and type two attestation which provides peace mind for shareholders handling large amounts or digital assets or funds who require full compliance from their custodians when storing digital assets securely.
This launch reinforces both companies commitments towards delivering quality custody solutions which meet industry standards for security while also providing fast efficient gateways into global digital asset markets giving investors better ways manage digital asset portfolios efficiently .