The world’s largest cryptocurrency exchange has expanded its trusted custody services to 4 more altcoins. The announcements came today from Binance Custody’s official Twitter account.
Binance Custody adds 3 new cryptocurrencies
Solana (SOL), STEPN (GMT), Raydium (RAY) are among the latest altcoins added to the exchange’s custody services. “Custody” protects cryptocurrencies on cold storage devices, protecting them from malicious access.
#Binance Custody now supports the #Solana Network.
Assets such as $SOL, $GMT, $RAY, and more can now be stored in our offline cold wallets with high protection.
➡️ https://t.co/tcbeDizu3z pic.twitter.com/tnuE1FWeg0
— Binance Custody (@BinanceCustody) August 15, 2022
Binance’s Custody service provides much-needed capabilities specifically for DAOs. Sensitive requests at Custody require multilateral approval. This ensures that central risks are eliminated and further protects funds. As a DAO project, Maker is the last altcoin project added to the Custody list. Binance announced the DAO Maker partnership in a separate tweet.
Binance’s listing on DAO Maker
Binance Custody has announced a custody partnership to improve the security of DAO Maker. Binance Custody also supports the DAO token, providing the best protected storage options for DAOs. Binance’s Custody service complies with all regulations and covers the platform’s custody services. Custody offers liquidity alternatives through Cold Convert, Binance Mirror and Share Wallet. Through the collaboration, DAO Maker and its community have access to the latest security and cryptocurrency management technologies with Binance Custody.
We are pleased to announce @TheDaoMaker chooses #Binance Custody to provide secure custody for its digital assets.
With Binance Custody, DAO Maker and its community have access to institutional-grade MPC custody and liquidity solutions.
Learn more ➡️ https://t.co/7Z101f3lNy pic.twitter.com/iFyQ85jcX8
— Binance Custody (@BinanceCustody) August 16, 2022
About Binance Custody
The Binence ecosystem is fully connected with Binance Custody, which is managed and guaranteed. Due to its multi-party computing (MPC) technology, it provides customized solutions to customers by the digital asset custody business. The software offers multiple approval processes that allow institutions to keep their cryptocurrencies in check without compromising security. Meanwhile, Custody’s core technology is accredited with ISO 27001 and 27701, two of the most widely used quality management standards for information security and privacy protection.
About DAO Maker
Having started over 100 projects and funded $30 million, DAO Maker is a popular lauchpad. DAO Maker aims to rethink venture capital specifically by making it more mainstream. At the same time, it is on track to perform KYC with members from 158 different countries and more than 170,000 people. Market-leading projects such as Alice, Step App or XCAD are constantly added to the platform by DAO Maker, creating trends in every market environment.
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