Binance integrates tokenised real-world assets
28 July 2025 US
Image: sornram/stock.adobe.com
Binance, a cryptocurrency exchange, has confirmed it will support tokenised yield-bearing assets USYC and cUSDO through Binance Banking Triparty, as well as through its institutional custody partner Ceffu.
The move aims to allow institutional users the additional choice to hold either asset off-exchange while accessing the Binance platform, and receiving yield on their pledged collateral, the firm says.
USYC is the digital representation of tokenised money market fund Hashnote International Short Duration Yield Fund 鈥� which invests primarily in reverse repo backed by US government securities.
cUSDO is a wrapped version of OpenEden OpenDollar (USDO), a rebasing yield-bearing stablecoin issued by OpenEden Digital.
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, the firm says, and beyond native crypto assets such as bitcoin on Ceffu.
Catherine Chen, head of Binance VIP & Institutional, comments: 鈥淥ur integration of tokenised real-world assets demonstrates our continued focus to enhance user experience on Binance.
鈥淏y 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 optimise their capital efficiency while balancing risk control requirements.鈥�
According to Chen, tokenisation 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 鈥渨ill unlock further crypto adoption鈥�.
Kash Razzaghi, chief business officer at Circle, says: 鈥淭his collaboration with Binance marks a meaningful advancement in how institutions can engage with tokenised real-world assets.
鈥淏y making USYC available as off-exchange collateral with yield potential, we're bringing capital efficiency and risk-managed optionality to institutional investors 鈥� bridging traditional finance and blockchain-powered markets.鈥�
The move aims to allow institutional users the additional choice to hold either asset off-exchange while accessing the Binance platform, and receiving yield on their pledged collateral, the firm says.
USYC is the digital representation of tokenised money market fund Hashnote International Short Duration Yield Fund 鈥� which invests primarily in reverse repo backed by US government securities.
cUSDO is a wrapped version of OpenEden OpenDollar (USDO), a rebasing yield-bearing stablecoin issued by OpenEden Digital.
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, the firm says, and beyond native crypto assets such as bitcoin on Ceffu.
Catherine Chen, head of Binance VIP & Institutional, comments: 鈥淥ur integration of tokenised real-world assets demonstrates our continued focus to enhance user experience on Binance.
鈥淏y 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 optimise their capital efficiency while balancing risk control requirements.鈥�
According to Chen, tokenisation 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 鈥渨ill unlock further crypto adoption鈥�.
Kash Razzaghi, chief business officer at Circle, says: 鈥淭his collaboration with Binance marks a meaningful advancement in how institutions can engage with tokenised real-world assets.
鈥淏y making USYC available as off-exchange collateral with yield potential, we're bringing capital efficiency and risk-managed optionality to institutional investors 鈥� bridging traditional finance and blockchain-powered markets.鈥�
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