Ceffu, the trusted digital asset manager for Binance, has expanded its support to include the NYM utility token in both the native Cosmos-based format and the ERC-20 standard. The local Cosmos format and global ERC-20 standard secure Binance assets. The strategic choice influences the adoption of NYM coins and institutional support.
Ceffu facilitates NYM token integration and complies with fund requirements and industry standards
The fund requirements require Ceffu to include the NYM utility currency. Funds work with custodians to maintain digital assets and comply with industry standards. Thanks to Ceffu, NYM is now accepted by recognized financial institutions.
Institutions and wealthy individuals trust Ceffu to custody and liquidate their digital assets. Ceffu uses secure cold storage to protect digital assets and increase transaction efficiency for investors, institutions and organizations in the ever-changing cryptocurrency market.
In addition to technology, Ceffu also supports the NYM utility token. Decentralized cryptocurrency and well-regulated traditional finance are smoothly integrated. Ceffu allows regulated funds to securely manage digital assets and comply with industry standards in the rapidly changing digital ecosystem. This is critical for institutional investors exploring digital assets and seeking trust and compliance.
Ceffu paves the way for DeFi assets in traditional finance
On Ceffu, NYM combines institutional finance and decentralized finance (DeFi) assets. NYM will join the regulated financial system and allow institutions to invest, trade and use the token’s features. Ceffu’s native and ERC-20 NYM support increases its availability. Inclusivity is crucial for the NYM utility token to gain acceptance in regulated financial circles and enable institutions to use NYM efficiently.
The custodian’s reputation and position as a custodian of Binance increases the institutional acceptance of the NYM utility token. Ceffu’s approval of the NYM utility token is an important step towards integrating DeFi assets into the financial world. This strengthens the security and accessibility of NYM and encourages the development of institutional digital assets. Custodians like Ceffu will connect traditional and decentralized financial markets, impacting Web3 adoption in regulated financial firms.
