TechFlow news, April 24 — According to CoinDesk, Binance has launched a special account service for digital asset managers, allowing fund managers to centrally manage investor funds. The service, called "Fund Accounts," introduces the net asset value (NAV) concept commonly used in traditional finance.
The report states that the target clients for this service are expected to manage assets between $1 million and $20 million. Qualified asset managers must hold relevant licenses in their respective jurisdictions and can create multiple fund accounts, deploying different trading strategies for each fund. This service aims to lower the entry barrier for crypto asset management and streamline operational processes.
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