Scallop Neobank Chooses Ceffu’s Integrated Institutional Services
Scallop, a regulated on-chain banking app, is partnering with Ceffu to offer institutional-grade security for its users’ digital assets. In addition to our multi-party computation (MPC)-backed cold storage solutions that support its native token $SCLP, Scallop will also benefit from Ceffu's seamless integration with the vast Binance ecosystem to access deep institutional liquidity venues.
“We are really excited about our long-term partnership,” shares Scallop CEO, Raj Bagadi. “We’ll be leveraging Ceffu’s capabilities in digital asset security and institutional services to bring our cutting-edge, industry-shaping products to millions of users across the UK and Europe and help them manage their finances securely.”
To provide its innovative suite of on-chain banking products, it was paramount that Scallop chooses a digital asset infrastructure of the highest security standards. Ceffu addresses this with insured and compliant custodial solutions that also offer institutional clients a unique gateway to liquidity solutions through its innovative Mirror and Cold Convert features.
Scallop Chain is a Byzantine fault tolerance blockchain with a core KYC & AML module included in the consensus mechanism at a protocol level. Its regulated, licensed interoperable infrastructure provides a suite of banking products built to empower millions of retail & business customers worldwide. For more information, visit www.scallopx.com
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.