TechFlow news, August 8 — According to the Financial Times, Binance has reached a custody services partnership with BBVA, Spain's third-largest bank. This arrangement allows Binance users to hold assets in U.S. Treasuries held by BBVA and use these Treasuries as collateral for trading.
The collaboration aims to separate trading activities from underlying funds to reduce counterparty risk. In the event of an incident involving Binance, user funds will remain securely held in U.S. Treasuries controlled by BBVA.




