OpenEden Partners Ceffu for First Yield-Bearing Collateral on Binance

OpenEden, a firm specializing in real-world asset (RWA) tokenization, has announced a significant collaboration with Ceffu, introducing the first yield-bearing collateral for institutional clients on Binance. This integration involves OpenEden's yield-bearing token cUSDO with Ceffu’s MirrorRSV platform, enabling institutional clients to use cUSDO as off-exchange collateral for margin trading on Binance while maintaining segregated custody through Ceffu.

The development marks the first instance of yield-bearing collateral being accepted on MirrorRSV, which facilitates off-exchange settlement and margin trading. This integration allows institutional clients to deposit cUSDO into Ceffu’s cold storage via MirrorRSV. A corresponding asset, cUSDOX, is issued by Binance to the client’s Portfolio Margin account in a 1:1 ratio, enabling trading activity without direct on-exchange asset exposure. The underlying cUSDO continues to accrue yield while held in custody, derived from reserve assets comprising tokenized U.S. Treasury Funds, including OpenEden’s TBILL Fund, which has received a Moody’s investment-grade rating.

Jeremy Ng, Founder of OpenEden, highlighted the innovation, stating, “OpenEden’s partnership with Ceffu delivers a much sought-after innovation to institutional trading. With cUSDO as the first yield-bearing collateral on MirrorRSV, institutions can earn yield on collateral assets held in off-exchange custody while retaining full margin trading access on the exchange. This structure mirrors traditional financial markets and is designed to accelerate institutional participation in digital asset investments.”

Ian Loh, CEO of Ceffu, echoed this sentiment, noting, “The integration of yield-bearing collateral represents a fundamental shift in how institutions can optimize their digital asset strategies. Together with OpenEden, we have built a solution that bridges the gap between traditional finance and the digital asset ecosystem. It’s exactly the kind of innovation that will accelerate institutional adoption of digital assets.”

cUSDO is the wrapped version of USDO, a regulated yield-bearing stablecoin issued by OpenEden Digital, a Bermuda-licensed entity. The token complies with the ERC-4626 standard and is intended to facilitate broader composability across decentralized finance (DeFi) and institutional platforms. USDO is fully backed by tokenized U.S. Treasuries, and its reserves are transparently disclosed and independently verified.

While yield-bearing stablecoins and tokenized treasuries are not new to DeFi, their integration into institutional trading workflows remains relatively new. This new integration can appeal to institutional trading firms seeking to reduce counterparty risk and serve as a test case for how yield-generating instruments can operate within compliant, off-exchange frameworks.

OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is redefining financial access through tokenization with a core focus on compliance and innovation.

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Ceffu’s multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions for safely storing and managing digital assets.