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Binance successfully pilots first three-party cryptocurrency agreement

Binance has announced that it has successfully executed the world's first cryptocurrency tripartite agreement with a third-party banking partner. This solution enables institutional investors to custody assets with a third-party banking partner in the form of legal equivalents such as treasury bills, and also allows them to earn additional asset income.Binance stated that it is currently the only cryptocurrency exchange that provides such a solution. The 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 seen in traditional financial markets, allowing investors to allocate cryptocurrency assets in proportion to their risk tolerance.

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