X @Wu Blockchain

Partnerships & Services - Binance is partnering with BBVA, Spain's third-largest bank, to offer offline custody services [1] - Client assets will be held at BBVA in the form of U.S Treasuries [1] - U.S Treasuries will be used by Binance as collateral [1] Risk Management - The structure aims to prevent another "FTX-like" collapse [1]