Binance successfully trialed the first cryptocurrency tripartite agreement

ChainCatcher news, Binance announced that it has successfully executed the world's first cryptocurrency tripartite agreement in collaboration with a third-party banking partner. This solution allows institutional investors to custody assets with third-party banking partners in the form of fiat equivalents such as treasury bonds, while also earning additional asset returns.

Binance stated that it is currently the only cryptocurrency exchange in the industry offering such a solution. This solution connects the traditional market and the cryptocurrency market, directly addressing the counterparty risk issues that institutional investors are most concerned about. It replicates the framework commonly found in traditional financial markets, enabling investors to allocate cryptocurrency assets proportionally based on their risk tolerance.