Binance rolls out Fund Accounts for asset managers, bridging crypto-TradFi gap
Binance has launched Fund Accounts, a new fund management solution aimed at simplifying asset management for portfolio managers. This tool allows managers to consolidate externally-raised investor assets into one or multiple omnibus accounts, reducing operational complexity and enhancing trading efficiency. The program is available only to eligible fund managers who must meet Know Your Customer and Know Your Business requirements and be licensed in their jurisdictions. Binance, the largest crypto exchange by trading volume, is facilitating the merging of traditional finance solutions with cryptocurrency, reflecting increased institutional involvement in the digital asset space. Institutional investors are entering the market due to the launch of Bitcoin ETFs, real-world asset tokenization, and attractive yield opportunities in onchain lending. Additionally, onchain trading infrastructure provider Theo has raised $20 million to expand its institutional-grade trading platform for retail investors.
