Binance has announced an expansion of its institutional off-exchange settlement services, introducing support for two tokenized real-world assets, USYC and cUSDO, which can now be pledged as collateral.
According to Binance’s official announcement on their support portal, institutional users can utilize yield-bearing tokenized stable assets USYC and cUSDO as off-exchange collateral through both Banking Triparty and MirrorRSV custody structures. These solutions allow institutions to trade securely on Binance while retaining off-exchange custody and enhancing capital efficiency. The integration reflects Binance’s efforts to bridge traditional finance and digital asset markets through compliant, institutional infrastructure.
Tokenization of real-world assets excluding stablecoins grew from approximately $15.2 billion in December 2024 to $24 billion by June 2025, signaling rapid institutional adoption of tokenized Treasury-backed instruments, according to RWA.xyz data cited by Binance and external media. This represents a nearly 58% increase in just six months and underscores growing demand for yield-bearing collateral among institutional participants. Analysts project tokenized RWAs could capture up to 30% of traditional finance assets—over $400 trillion—by 2034 if current growth persists.
Circle’s USYC is described as a digital representation of interests in a Cayman-registered tokenized money market fund that invests primarily in reverse repo agreements backed by U.S. government securities, offering near-instant redemption into USDC and on-chain issuance on BNB Chain for enhanced accessibility. Meanwhile, cUSDO is a wrapped version of OpenEden’s yield-bearing stablecoin backed by U.S. Treasury bills and reverse repos, compliant with Bermuda-regulated frameworks and compatible with institutional custody flows via MirrorRSV and Banking Triparty. Through OpenEden’s collaboration, cUSDO gains expanded integration into Binance’s institutional off-exchange ecosystem, reinforcing trust, auditability, and yield generation for institutions.
Binance is the leading global blockchain ecosystem and operator of the world’s largest cryptocurrency exchange by trading volume and user base, serving over 280 million users in more than 100 countries with products including trading, custody, institutional settlement, finance and Web3 tools. It is committed to building inclusive financial access through crypto innovation.
