Ceffu Partners with EOS to Embark on Advanced Custody and CeDeFi New Opportunities

[Calgary, Alberta, Canada, December 5, 2024] – The EOS Network Foundation (ENF) is pleased to announce that Binance's institutional custody partner Ceffu now supports the EOS mainnet. This collaboration provides institutional-grade custody services for EOS holders and, through Binance's MirrorX integration, unlocks a new realm of CeDeFi opportunities.

Utilizing Ceffu's advanced custody infrastructure, institutions can securely store and manage their EOS assets through multi-party computation (MPC) technology and customizable approval schemes. Furthermore, through MirrorX, institutional fund managers can deploy CeDeFi strategies, leveraging the benefits of centralized exchanges (CEX) and decentralized finance (DeFi). With Binance's liquidity and advanced trading mechanisms, EOS holders can access innovative yield solutions tailored to institutional needs.

EOS has been included in the Coinbase COIN50 Index (a global benchmark representing the top 50 digital assets listed on the Coinbase exchange), highlighting institutional interest and recognition of the growing ecosystem. This recognition underscores EOS's position as a leading blockchain platform and a key player in the rapidly evolving crypto economy.

Yves La Rose, Founder and CEO of the EOS Network Foundation, stated: "The integration of Ceffu with EOS represents a significant step in building the infrastructure necessary to support large-scale institutional participation. Through our collaboration with Ceffu, we have paved the way for institutions to securely engage with the EOS ecosystem and benefit from its evolving opportunities."

EOS's performance has significantly improved due to the community-approved tokenomics upgrade. The new tokenomics strategy includes a reserve pool for middleware-specific funding, the introduction of the streamlined Unicove portal for user onboarding, greatly enhancing the user experience. Additionally, the $4.5 billion EOS staking reward program has been running for five months, leading to a 4x increase in staking participation, while extending the token lock-up period from 4 days to 28 days. These tokenomics initiatives collectively strengthen the EOS ecosystem, showcasing its growing resilience and appeal.

EOS Network Overview

The EOS Network is a third-generation blockchain platform running on the EOS Virtual Machine (EOS VM). EOS VM is a low-latency, high-performance, scalable WebAssembly engine designed to achieve nearly feeless transactions, built to provide the optimal Web3 user and developer experience. EOS is the flagship chain and financial hub of the Antelope framework, driving multi-chain collaboration and public goods development, with tooling and infrastructure funding support provided by the EOS Network Foundation (ENF).

EOS Network Foundation Introduction

The EOS Network Foundation (ENF) envisions a thriving decentralized future. Through the participation of key stakeholders, community initiatives, ecosystem funding support, and the advancement of an open technical ecosystem, ENF is driving the transition to Web3. Established in 2021, ENF is the core hub of the EOS network, dedicated to providing a comprehensive framework, tools, and libraries for blockchain deployment. Together with the community, we are committed to fostering innovation and building a more robust future.

Ceffu Introduction

Ceffu is a compliant institutional-grade custody platform that offers custody and liquidity solutions. It is ISO 27001 and 27701 certified, and has achieved SOC2 Type 1 and Type 2 attestations. Our Multi-Party Computation (MPC) technology, combined with customizable multi-approval schemes, provides institutional clients with bespoke solutions for securely storing and managing their digital assets. Additionally, through MirrorX—a solution for off-exchange settlements—Ceffu offers institutional clients a secure gateway to access liquidity products from the world's largest crypto exchanges, while also tapping into a wide range of liquidity products from other trading ecosystems.

Contact Information

Tristan Dickinson

EOS Network Foundation

[email protected]