OpenEden and Ceffu Unveil First Institutional Yield-Bearing Collateral
OpenEden announces its partnership with Ceffu, incorporating cUSDO and unveiling new prospects for institutional clients.
On July 15, 2025, OpenEden, a Singapore-based RWA token investment platform, unveiled its partnership with Ceffu. This collaboration enables institutional clients to utilize cUSDO as yield-producing collateral on the MirrorRSV platform, while maintaining access to margin trading on Binance. This development marks the first digital asset with a daily yield recognized as off-exchange collateral for trading, thereby enhancing capital efficiency and minimizing counterparty risk for high-volume traders.
The Yield-Bearing Collateral
The arrangement involves storing of cUSDO in Ceffu’s separate cold storage system within MirrorRSV. Binance then issues a corresponding asset, known as cUSDOX, which is credited to the margin accounts of institutional clients at a 1:1 ratio with the actual collateral value, thereby facilitating trading activity without direct exposure to assets on the exchange.
In the meantime, cUSDO, supported by reserves comprising tokenized US Treasury bonds, continues to yield daily returns. The integration aims to optimize capital utilization while ensuring that safety and liquidity remain accessible.
Statements from OpenEden and Ceffu
“OpenEden’s partnership with Ceffu delivers a much sought-after innovation to institutional trading,” said Jeremy Ng, Founder of OpenEden. “With cUSDO as the first yield-bearing collateral on MirrorRSV, institutions can earn yield on collateral assets held in off-exchange custody while retaining full margin trading access on the exchange.
The structure mirrors traditional financial markets, and creators expect it to accelerate institutional participation in digital asset investments.
“OpenEden’s collaboration with Ceffu introduces a highly desired advancement for institutional trading,” stated Jeremy Ng, Founder of OpenEden. “With cUSDO serving as the inaugural yield-generating collateral on MirrorRSV, institutions can accrue yield on collateral assets securely held in off-exchange custody, while maintaining complete margin trading capabilities on the exchange. This arrangement emulates conventional financial markets and may boost institutional engagement in digital asset investments.”
OpenEden Digital, a Bermuda-regulated entity, issues USDO. It is fully supported by tokenized US Treasuries, including its Moody’s investment-grade rated TBILL Fund. cUSDO, the tokenized version of USDO, is compliant with the ERC-4626 standard. It accrues returns through price appreciation, making it suitable for integration across both decentralized finance (DeFi) protocols and institutional platforms.
Although yield-generating stablecoins and tokenized government bonds are common in DeFi, their incorporation into institutional trading processes is still a recent development.
However, as the focus on risk management and capital efficiency intensifies, this fresh integration could attract institutional trading companies aiming to minimize counterparty risk, and act as a practical example of how yield-producing instruments work within compliant, off-exchange models.
