Binance announces launch of bank tripartite agreement pilot project for institutional investors

Odaily News Binance announced the successful execution of the world’s first pilot project for a tripartite arrangement for a cryptocurrency bank. This solution allows institutional investors to keep trading collateral in custody with third-party banking partners rather than within the trading platform. The arrangement mimics a framework commonly seen in traditional financial markets, allowing investors to allocate crypto assets based on their risk tolerance. Collateral held with banking partners can be fiat-equivalent assets, such as Treasury bills, which also brings the added benefit of yielding assets.