NEAR Protocol Enhances Its Ecosystem With NEP-141 Integration on Ceffu

2022-11-08

Ceffu, an institutional-grade digital asset custody solution, has added support for the NEAR Protocol and its native NEP-141 $NEAR token. The integration provides secure custody for this growing Layer 1 ecosystem’s native token, opening the door for projects built on the NEAR blockchain to conveniently onboard their NEP-141 compatible tokens with Ceffu.

“We’re very excited to be part of NEAR’s journey as their institutional custody partner,” shares Athena Yu, EVP of Ceffu. “With this integration, $NEAR token holders benefit from our secure, integrated security and liquidity solutions. We welcome any project building on the NEAR protocol to reach out to us to learn how our institutional infrastructure can help them scale with peace of mind.”

Platform security is of the utmost importance for protocols looking to attract investors as well as new projects onto their blockchain. With a focus on creating a developer and user-friendly platform, NEAR’s partnership with Ceffu allows investors to store their $NEAR tokens securely and benefit from liquidity opportunities thanks to the custodian’s integration with the vast Binance ecosystem.

“A core mission for NEAR is building an ecosystem of diverse communities,” says NEAR Foundation CEO Marieke Flament. “With this partnership, NEAR can welcome to the NEAR ecosystem the many financial institutions that have turned to Ceffu as their trusted provider for digital assets custody and settlement solutions.”

Launched in December 2021, Ceffu offers a growing suite of compliant, insured, and audited technology solutions including:

  • Qualified Wallet: institutional-grade cold vault storage solution

  • Prime Wallet: warm wallet infrastructure offering instantaneous transactions between Ceffu and the Binance exchange, with sub-accounts.

  • Binance Mirror: matches an institution’s cold storage custody funds with 1:1 availability on their Binance exchange account to access deep liquidity venues.

  • Cold Convert: trade tokens from cold storage with zero counter-party risk and customized slippage tolerance without compromising on security.

  • More competitive features coming soon

About NEAR

NEAR is a high-performance blockchain built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, NEAR allows anyone to build at scale and deploy at pace. NEAR’s vision is to create a network that enables people to reimagine finance, creativity, and community in new and inclusive ways. With NEAR, blockchain mass adoption is possible. NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures. | https://near.org 

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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