Label Foundation and LBL Tokens Now Supported by Ceffu

We are pleased to announce Ceffu now supports Label Foundation and LBL tokens. Label Foundation will use Ceffu’s institutional-grade cold storage solution to protect and manage its digital assets.

Beyond providing world-class Multi-Party Computation based cold storage, Ceffu enables institutional clients to govern their asset portfolio efficiently by setting up designated authority roles.

Hyung Soon Choi, Chief Security Officer of Label Foundation, commented "Choosing Ceffu was a no-brainer because of its robust institutional-grade secure cold storage. Label Foundation seeks to revolutionize the music industry through Web3 technology, and the integration with Ceffu will allow us to secure LBL with the best digital asset management infrastructure, bringing another level of security. We plan to explore further strategic collaborations with Ceffu and the wider Binance ecosystem."

About Label Foundation

LABEL Foundation’s goal is to revolutionize the music industry by attracting well-known IPs to its platform. Its profit-sharing system is developed with the artist’s best interests in mind, helping them eliminate the burden of intermediary fees that significantly reduce the amount of revenue made by the artist. It also allows direct peer-to-peer investments that go towards funding prospective musicians, and all of this is done in a decentralized and permission-less state. Label's founding team has previously worked on Opentrack Music, where users can access classes from world-class grammy awarded musicians and producers. Label Foundation is scheduled to launch their NFT Marketplace running on BNB Chain in July and is currently onboarding artists for future NFT drops. 

Learn more about Label Foundation:
Website:  https://label.foundation/
Twitter:  @LableFoundation

About Ceffu

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions. Its multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets through its insured, segregated cold storage solution, Qualified Wallet. Institutions also benefit from Ceffu’s secure gateway to a wide range of liquidity products within the Binance ecosystem as Binance’s institutional custody partner.

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