Ceffu, Binance's compliant institutional custodian and OTC partner, today announced the launch of its third institutional wallet solution - the "Co-Signing Wallet." This innovative product enhances institutional users' control over transaction approvals by requiring signatures from two-thirds of all shared private keys, with one key bound to a user's personal device selected during wallet setup.
Enhanced Security & Faster Transactions
This co-signing mechanism enables:
- Immediate transaction approvals for significantly improved speed
- Maintained highest security standards through Multi-Party Computation (MPC) technology
- Asset segregation benefits while preserving individual wallet addresses
Ceffu's Wallet Ecosystem
The new offering complements Ceffu's existing institutional solutions:
| Wallet Type | Key Features | Ideal For |
|---|---|---|
| Qualified Wallet | Cold storage foundation | Basic custody needs |
| Prime Wallet | Hybrid hot/cold elements | Trading firms needing connectivity |
| Co-Signing Wallet | Shared key governance | Collaborative asset management |
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Mirror Integration & Strategic Advantages
The Co-Signing Wallet seamlessly integrates with Ceffu's flagship OTC settlement product Mirror, creating a tripartite arrangement between:
- Ceffu
- The client
- Binance exchange
This integration allows institutional investors to:
- Access global liquidity pools
- Execute volume-based trading
- Maintain OTC asset segregation
"After months of development incorporating client feedback, we're proud to introduce this compromise solution that enables secure key-sharing without compromising accessibility. Combined with Mirror functionality, this becomes an exceptionally competitive custody product."
— Athena Yu, Ceffu VP
Operational Benefits for Institutions
Users gain:
- Greater control over transaction signing
- Arbitrage opportunities through faster cross-exchange transfers
- Complex strategy execution with efficient asset deployment
Getting Started
Institutions interested in the Co-Signing Wallet can:
- Complete the simplified application form
- Connect with Ceffu's account management team
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FAQ Section
Q: How does the co-signing mechanism improve security?
A: By requiring 2/3 shared key approvals with one device-bound key, it prevents single-point vulnerabilities while maintaining operational efficiency.
Q: Can existing Qualified Wallet users access Mirror functionality?
A: Yes, Mirror features are available across all Ceffu wallet solutions.
Q: What makes this solution different from traditional multisig wallets?
A: The MPC-based approach eliminates single points of failure while providing faster transaction speeds compared to blockchain-native multisig.
Q: Is there insurance coverage for assets held in Co-Signing Wallets?
A: Like all Ceffu solutions, these enjoy the platform's comprehensive insurance protections.
About Ceffu
As an ISO 27001 & 27701 certified, SOC Type 1 & 2 tested institutional custody platform, Ceffu provides:
- Insured cold storage
- Customizable multi-approval frameworks
- Staking services
- OTC trading solutions
Connect With Us:
- LinkedIn: Ceffu
- Twitter: @CeffuGlobal
- Media Inquiries: [email protected]