Backing – Bitcoin Platform https://bitcoinplatform.com Breaking Crypto News and Blockchain updates Fri, 18 Sep 2026 20:05:52 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1.1 https://bitcoinplatform.com/wp-content/uploads/2026/09/cropped-fevi-18-32x32.png Backing – Bitcoin Platform https://bitcoinplatform.com 32 32 OpenEden Expands Tokenized High-Yield Bonds to BNB Chain With BNY Backing https://bitcoinplatform.com/openeden-expands-tokenized-high-yield-bonds-to-bnb-chain-with-bny-backing/ https://bitcoinplatform.com/openeden-expands-tokenized-high-yield-bonds-to-bnb-chain-with-bny-backing/#respond Fri, 18 Sep 2026 20:05:52 +0000 https://bitcoinplatform.com/openeden-expands-tokenized-high-yield-bonds-to-bnb-chain-with-bny-backing/ In the world of decentralized finance, institutional bond strategies are making their mark, with OpenEden leading the charge by bringing its tokenized HYBOND credit fund to the $BNB Chain. This move allows investors to access tokenized high-yield bonds on-chain, backed by a real fixed-income strategy managed by a major Wall Street asset manager and priced through verified oracle data from RedStone.

Key takeaways from this development include OpenEden extending its tokenized HYBOND credit fund to the $BNB Chain for the first time, giving qualifying investors access to the Global Short-Dated High Yield Bond strategy run by BNY Investments. RedStone’s oracle will deliver HYBOND’s net asset value in a smart-contract-readable format on the $BNB Chain, providing transparency and reliability to investors.

This expansion marks the first time HYBOND has operated outside of Ethereum, showcasing the growing trend of tokenized fixed-income products moving across different blockchain networks. BNY Investments manages the underlying assets for HYBOND, ensuring that the fund’s performance is tied directly to a professionally managed bond portfolio.

RedStone plays a crucial role in providing pricing and settlement infrastructure for HYBOND on the $BNB Chain. Its oracle infrastructure enables the publication of HYBOND’s administrator-determined net asset value in a smart contract-readable format, ensuring trust and accuracy in the valuation process. Additionally, RedStone plans to introduce RedStone Settle, a service that enables same-day settlement by connecting HYBOND holders with KYC-verified liquidity providers.

The move of HYBOND into high-yield credit territory represents a shift towards more complex financial products in the DeFi space. This expansion tests the scalability of infrastructure built for simple tokenized products and indicates a growing appetite among asset managers to explore tokenization with credit products. Developers and DeFi platforms now have access to a building block for products tied to professionally managed bond exposure on the $BNB Chain, opening up new possibilities for innovation and integration.

In conclusion, the introduction of HYBOND on the $BNB Chain represents a significant milestone in the evolution of tokenized credit funds in the DeFi space. With the support of RedStone’s pricing and settlement infrastructure, investors can access high-yield bond exposure in a transparent and efficient manner. This development paves the way for further innovation and collaboration in the tokenized credit market, showcasing the potential for decentralized finance to revolutionize traditional finance practices.

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MEXC’s September 2026 Proof of Reserves Reaffirms Full Backing of User Assets, BTC Reserve Ratio Increases to 297% https://bitcoinplatform.com/mexcs-september-2026-proof-of-reserves-reaffirms-full-backing-of-user-assets-btc-reserve-ratio-increases-to-297/ https://bitcoinplatform.com/mexcs-september-2026-proof-of-reserves-reaffirms-full-backing-of-user-assets-btc-reserve-ratio-increases-to-297/#respond Tue, 15 Sep 2026 12:43:13 +0000 https://bitcoinplatform.com/mexcs-september-2026-proof-of-reserves-reaffirms-full-backing-of-user-assets-btc-reserve-ratio-increases-to-297/

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Mutsamudu, Comoros, September 15, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its September 2026 Proof of Reserves (PoR) report, audited by Hacken, confirming that user assets remain fully backed across all major reserve assets. The BTC reserve ratio increased to 297%, up from 288% in August. MEXC continues to disclose reserve data on a monthly basis, aiming to enhance transparency and safeguard the security of user funds.

 

According to the audited report, dated as of the September 10, 2026 snapshot, reserve ratios for all disclosed assets are as follows:

BTC: 297%. Reserves of 12,202.13 BTC cover 4,106.57 BTC in user holdings.

USDT: 119%. Reserves of 1,818,202,910.24 USDT cover 1,526,526,878.38 USDT in user holdings.

USDC: 111%. Reserves of 299,925,929.77 USDC cover 269,894,125.25 USDC in user holdings.

ETH: 111%. Reserves of 58,917.60 ETH cover 53,243.98 ETH in user holdings.

MEXC verifies its reserves through Merkle Tree technology, allowing individual users to confirm their balances are included in the total reserve calculation without exposing other users’ data. For this month’s audit, Hacken conducted a comprehensive evaluation of MEXC’s reserves, covering Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a PoR Assessment. Hacken confirmed that MEXC’s reserves exceed a 1:1 ratio across all in-scope assets, fully covering user liabilities.

 

“Protecting user assets and earning their trust are fundamental responsibilities, not optional commitments,” said Vugar Usi, CEO of MEXC. “In an industry where confidence has been tested time and again, transparency must be demonstrated through actions that users can independently verify. That is why we publish verifiable Proof of Reserves every month, giving users the ability to validate their asset data at any time rather than simply relying on our assurances. Our commitment is to continue raising the standard for transparency, accountability, and asset protection, and to build the kind of trust that is earned consistently over time.”

 

To further protect user assets, MEXC maintains the Futures Insurance Fund, which absorbs losses from liquidations triggered by extreme market conditions. The fund held a balance of approximately 798 million USDT as of press time. MEXC also operates The Guardian Fund, a dual-reserve structure combining USDT and BTC holdings that offers full compensation coverage for platform-related issues. It held a balance of $101 million as of press time and plans to expand to $500 million within two years.

 

To view the latest Proof of Reserves snapshot and audit report, please visit the MEXC Proof of Reserves page.

 

About MEXC

Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.

 

With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.

 

MEXC Official Website| X | Telegram |How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: media@mexc.com

 

Risk Disclaimer:

This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

 

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