TL;DR
- OpenEden and Ceffu integrated cUSDO as yield-bearing collateral on MirrorRSV, allowing institutional clients to retain margin trading access on Binance.
- Binance issues cUSDOX, a 1:1 representative asset used in margin accounts, while cUSDO continues to generate daily yield backed by tokenized US Treasuries.
- This solution combines secure custody, exchange liquidity, and yield on locked assets, giving institutions a tool that replicates traditional financial practices.
OpenEden and Ceffu announced an integration enabling institutional clients to use cUSDO as yield-generating collateral on the MirrorRSV platform without losing access to margin trading on Binance. It marks the first digital asset with daily yield admitted as off-exchange collateral for trading, improving capital efficiency and reducing counterparty risk for high-volume operators.
The agreement involves cUSDO being held in Ceffu’s segregated cold storage within MirrorRSV. Binance issues a representative asset called cUSDOX, credited to institutional clients’ margin accounts at a 1:1 parity with the actual collateral value. Meanwhile, cUSDO maintains its ability to generate daily yield, as it’s backed by reserves consisting of tokenized US Treasury bonds.
Jeremy Ng, founder of OpenEden, explained that this structure mirrors traditional financial mechanisms, enabling collateral assets to continue producing returns while locked for trading. He pointed out that this setup seeks to drive institutional participation in the crypto market by offering tools equivalent to those available in conventional financial markets.
OpenEden: Moving Toward Regulated Tokenized Assets in DeFi and Institutional Markets
Ceffu CEO Ian Loh described the initiative as a fundamental shift in how institutions can optimize their digital capital management strategies. He highlighted that the integration combines secure custody, exchange liquidity, and yield on staked assets — a structure previously unavailable in this market.
USDO is issued by OpenEden Digital, a Bermuda-regulated entity, fully backed by tokenized US Treasuries, including its Moody’s investment-grade rated TBILL Fund. Meanwhile, cUSDO is a wrapped version of USDO, compliant with the ERC-4626 standard. It accrues returns through price appreciation, making it suitable for integration across both DeFi protocols and institutional platforms.
With the integration of MirrorRSV, OpenEden aims to bring regulated tokenized assets into the DeFi ecosystem and institutional markets without compromising custody and compliance standards required by current regulations
