TechFlow news: Binance has announced a tri-party agreement with banking partners, launching a cryptocurrency tri-party arrangement. This is the first time the crypto industry has adopted a solution based on traditional financial market frameworks, aimed at addressing counterparty risk.
Institutional investors can now store trading collateral in over-the-counter transactions with third-party bank partners, and allocate crypto assets according to their risk tolerance for better risk management. Collateral may include fiat equivalents such as treasury bills, offering the added benefit of yield-generating assets.
Binance is actively engaging in discussions with banking partners and institutional investors to expand this service.
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