Binance has introduced Binance Fund Accounts, a new solution designed to streamline crypto portfolio management for fund managers. According to the company’s announcement, the tool will allow fund managers to consolidate client assets into omnibus accounts, making investment administration more efficient and transparent.
Binance Fund Accounts Offer Institutional-Grade Solutions
The Binance Fund Accounts feature enables fund managers to create multiple sub-accounts for different trading strategies. This structure reduces administrative costs, improves transparency in net asset value (NAV) calculations, and provides access to Binance’s full suite of APIs and ecosystem tools.
“Fund Accounts allow fund managers to work with crypto assets as efficiently as they do with traditional financial instruments,” Binance stated. “We see this as the future of institutional crypto management.”
To access the new feature, fund managers must complete Binance’s registration and compliance process. Once approved, they can efficiently manage various client portfolios under a unified framework.
Binance Eyes Institutional Growth Through Fund Accounts
The launch of Binance Fund Accounts is expected to attract hedge funds and asset managers who were previously hesitant to invest in crypto due to the administrative complexity of handling multiple client accounts.
In a related update, Binance also announced tighter compliance requirements for South African traders starting April 30. Traders from South Africa will need to provide additional information about senders and recipients when making crypto deposits or withdrawals.
By addressing both operational efficiency and regulatory compliance, Binance aims to solidify its position as the leading platform for institutional crypto investment.
