Binance Expands Support for Tokenized Yield-Bearing Assets: An In-Depth Look
Binance, recognized globally as the leading cryptocurrency exchange platform, has announced its decision to support tokenized yield-bearing assets, specifically USYC and cUSDO. This strategic move is facilitated through Binance Banking Triparty and its institutional custody partner, Ceffu. The announcement, initially reported by Finbold on July 24, marks a significant development in the cryptocurrency sector.
Enhanced Opportunities for Institutional Users
The integration of these assets provides institutional users with the flexibility to manage their holdings off-exchange while still benefiting from the Binance platform. Users can now receive yields on their pledged collateral, expanding the asset support beyond traditional financial instruments such as fiat currencies and Treasury bills through Binance Banking Triparty, and native crypto assets via Ceffu. To encourage adoption, Binance has decided to waive the banking triparty fees and cover Ceffu’s MirrorX and MirrorRSV service fees until 2026.
Advertisement Banner
The Growing Trend of Asset Tokenization
The tokenization of real-world assets, excluding stablecoins, has witnessed substantial growth, reaching $24 billion by June 2025, a significant increase from $15.2 billion in December 2024. Analysts predict this trend could encompass up to 30% of traditional financial assets, potentially valuing over $400 trillion by 2034. This projection underscores the transformative impact of tokenization in integrating traditional finance with the blockchain ecosystem.
Executive Perspectives
Catherine Chen: Enhancing User Experience
Catherine Chen, the Head of Binance VIP & Institutional, emphasized Binance’s commitment to enhancing the user experience by broadening institutional client options to optimize capital efficiency while adhering to risk management protocols. She stated, “Our integration of tokenized real-world assets demonstrates our continued focus on enhancing user experience on Binance. By supporting USYC and cUSDO on Binance Banking Triparty and through our custody partner Ceffu, we provide our institutional clients with more choices to optimize their capital efficiency while balancing risk control requirements.” Chen also highlighted that tokenization enables users to benefit from digital assets’ inherent properties, such as faster and more cost-effective settlements, 24/7 availability, and on-chain transparency, driving further crypto adoption.
Kash Razzaghi: Bridging Finance and Blockchain
Kash Razzaghi, Chief Business Officer at Circle, highlighted the collaboration’s significance for institutional engagement with tokenized assets, stating, “This collaboration with Binance marks a meaningful advancement in how institutions can engage with tokenized real-world assets. 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.”
Jeremy Ng: Compliance and Yield-Bearing Assets
Jeremy Ng, Founder and CEO of OpenEden, emphasized the shift toward compliance-focused, yield-bearing assets in institutional crypto adoption. He remarked, “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. 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.”
The Nature of USYC and cUSDO
USYC signifies interests in the Hashnote International Short Duration Yield Fund Ltd, a tokenized money market fund registered in the Cayman Islands, which primarily invests in reverse repurchase agreements backed by U.S. government securities.
On the other hand, cUSDO is a wrapped version of OpenEden OpenDollar, a rebasing yield-bearing stablecoin issued by OpenEden Digital, with reserves supported by U.S. Treasury bills and reverse repurchase agreements.
“`
This revised content has been expanded for SEO purposes, with added context and details to provide a comprehensive overview. It includes structured HTML headings and incorporates relevant keywords to enhance visibility and readability.
