Scallop integrates with Binance Custody to provide additional security to Scallop users’ funds. The Binance Custody Institutional Asset Infrastructure Solution is safeguarding Scallop’s investors’ funds further.
Binance Custody provides advanced cold and hot storage security and liquidity solutions that allow institutions to conveniently and safely handle digital assets. Scallop will liaise with Binance Custody to use its highly secure cold storage service . The integration will ramp up the existing security of users’ assets. The new integration enables direct support for the $SCLP token via Binance Custody meaning that SCLP tokens will now be supported and stored in the institutional and insured cold storage facility. “We are excited about our long-term partnership. “We’ll be leveraging Binance Custody’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.”— Scallop CEO Raj Bagadi. With a focus on security and insurance coverage, Binance Custody employs industry-leading secure MPC (Multi-Party Computing). Threshold signing techn...