Binance Custody has added support for the NEAR Protocol and its native NEP-141 $NEAR token. The integration provides secure custody for this growing Layer 1 ecosystem’s native token, opening the door for projects built on the NEAR blockchain to conveniently onboard their NEP-141 compatible tokens with Binance Custody.
“We’re very excited to be part of NEAR’s journey as their institutional custody partner,” shares Athena Yu, EVP of Binance Custody. “With this integration, $NEAR token holders benefit from our secure, integrated security and liquidity solutions. We welcome any project building on the NEAR protocol to reach out to us to learn how our institutional infrastructure can help them scale with peace of mind.”
With a focus on creating a developer and user-friendly platform, NEAR’s partnership with Binance Custody allows investors to store their $NEAR tokens securely and benefit from liquidity opportunities thanks to the custodian’s integration with the vast Binance ecosystem.
“A core mission for NEAR is building an ecosystem of diverse communities,” says NEAR Foundation CEO Marieke Flament. “With the Binance partnership, NEAR can welcome to the NEAR ecosystem the many financial institutions that have turned to Binance as their trusted provider for digital assets custody and settlement solutions.”
