Core Insights - Binance has launched Crypto-as-a-Service (CaaS), a white-label infrastructure solution aimed at helping regulated financial institutions and brokerages integrate crypto trading for their clients [1][2] - The pilot program is set to begin on September 30, with early access granted to select banks and financial firms, while broader availability is anticipated later in the year [1] Platform Features - The CaaS platform offers back-end trading, custody, settlement, and compliance tools, allowing institutions to maintain control over their front-end systems and client relationships [2] - A key feature is internalised trading, enabling institutions to match client orders within their own network, with the option to route trades to Binance's global order books if internal liquidity is insufficient [3] - The platform includes a management dashboard for real-time insights into client onboarding, asset flows, trading volumes, and commission structures, with API connectivity for integration into existing systems [4] Custody and Compliance - Integrated custody and compliance functions include asset segregation, unique deposit addresses, and settlement tools, along with APIs for know-your-customer (KYC) and transaction monitoring, supporting regulatory requirements across jurisdictions [5] Market Context - The launch aligns with growing institutional interest in digital assets, as banks and asset managers seek ways to offer cryptocurrency exposure while managing regulatory and operational risks [6] - White-label solutions like CaaS provide an alternative to proprietary systems, allowing institutions to outsource infrastructure to established service providers [6] Demand for Digital Assets - Catherine Chen, head of VIP and institutional at Binance, highlighted the accelerating demand for digital assets among traditional finance, emphasizing that the service aims to lower barriers to entry for institutions and expand access to crypto markets [7]