Ceffu's Integrated Institutional Services To Provide Additional Security To Scallop Users’

We are thrilled to announce Scallop’s official onboarding onto the Binance Custody (now known as Ceffu) Institutional Asset Infrastructure Solution to safeguard investors’ funds further. Ceffu provides advanced cold and hot storage security and liquidity solutions that allow institutions to conveniently and safely handle digital assets.

Scallop will liaise with Ceffu 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 Ceffu 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 Ceffu Custody’s capabilities in digital asset security and institutional services to bring our cutting-edge, industry-shaping products to millions of users across the Europe and help them manage their finances securely.”

— Scallop CEO Raj Bagadi.

With a focus on security and insurance coverage, Ceffu employs industry-leading secure MPC (Multi-Party Computing), threshold signing techniques, and offline key-sharing storage, which are critical components in facilitating the protection of users’ digital assets.

Transferring digital asset ownership to Ceffu includes increased security from hackers, malicious elements, and a delegation of authority. Users may avoid asset loss in the event of lost crypto inheritance, private passwords, or any other type of data loss or hack by sharing access with the custodian and delegating this permission.

About Ceffu

Ceffu is a compliant, insured, standalone digital asset custody service providing best-in-class security and liquidity solutions to institutional clients. It uses MPC technology with a customizable multi-approval scheme offering bespoke solutions that allow institutions to manage their crypto assets safely and efficiently via the Ceffu Custody desktop and mobile app platforms. Its core technology solution is ISO 27001/27701 and SOC 2 Type 1 certified.

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