The Good Tech Companies - EOS Network Partners with Ceffu for Institutional Services and Reports Growth Metrics

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. EOS Network partners with CEFU for institutional services and reports growth metrics by Ashan Pandey. The EOS Network Foundation, ENF, has established a partnership with CEFU, Binance's institutional custody platform, to integrate EOS Mainnet support. The integration, announced on December 5, 2024, introduces institutional custody services and C-Defi capabilities through Binance's MirrorX system. The implementation enables institutions to store EOS assets using multi-party computation technology, while incorporating customizable approval processes. Through MirrorX integration,

Starting point is 00:00:42 institutions can access centralized exchange functions combined with decentralized finance mechanisms. This development coincides with EOS's inclusion in the Coinbase Coin50 Index, which tracks performance of 50 digital assets on the Coinbase exchange. This addition indicates shifts in institutional market participation within the EOS ecosystem. Recent metrics from the EOS network demonstrate changes in network participation patterns. The platform's staking program, which allocates $450 million worth of EOS tokens, has resulted in a fourfold increase in staking activity. The staking duration has extended from 4 to 28 days, indicating changes in token holder behavior. The network has

Starting point is 00:01:24 implemented structural modifications to its tokenomics behavior. The network has implemented structural modifications to its tokenomics model. These changes include creation of middleware funding allocation, implementation of the Unicov portal for user onboarding, introduction of new staking reward mechanisms, adjustment of token lockup parameters. The EOS network operates as part of the Antelope framework, focusing on web assembly execution for blockchain transactions. The network's architecture supports multi-chain operations and contributes to infrastructure development through the EOS Network Foundation. CEFU's technical infrastructure incorporates several security certifications. ISO 27001 Certification

Starting point is 00:02:01 ISO 27701 Certification SOC 2 Type 1 attestation. SOC 2 Type 2 attestation. The platform's architecture enables connections between institutional systems and exchange ecosystems through Mirrors Settlement Framework. This integration represents a step toward expanding institutional access to blockchain infrastructure. The ENF, established in 2021, functions as the central organization for EOS network development. The foundation oversees ecosystem funding, community programs, and technology development initiatives. This partnership reflects broader industry movements toward institutional blockchain integration, where custody solutions and regulatory compliance merge with decentralized finance mechanisms. The implementation demonstrates how traditional financial infrastructure requirements intersect with blockchain technology capabilities.

Starting point is 00:02:55 The developments occur during a period of evolution in digital asset custody, where security protocols and institutional requirements shape technological implementations. These changes impact how institutions interact with blockchain networks and influence the development of custody infrastructure. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story,

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The Good Tech Companies - EOS Network Partners with Ceffu for Institutional Services and Reports Growth Metrics

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