Binance Unveils Institutional Fund Accounts to Bridge Crypto and Traditional Finance

Binance has introduced a groundbreaking institutional product aimed at seamlessly integrating traditional finance with digital asset management. The new Fund Accounts offer a unified infrastructure for professional fund managers, featuring omnibus accounting and net asset value tracking similar to conventional investment vehicles. This innovation addresses long-standing challenges in crypto fund administration, particularly fragmentation, by providing a streamlined solution for institutional players.

Binance Launches Institutional Fund Accounts for Crypto Asset Management

Binance has rolled out a new institutional product designed to bridge the gap between traditional finance and digital asset management. The exchange’s Fund Accounts provide a consolidated infrastructure for professional fund managers, enabling omnibus accounting and net asset value tracking akin to conventional investment vehicles.

The solution addresses a persistent pain point in crypto fund administration—fragmented investor account management. By centralizing capital pools, Binance aims to reduce operational friction that has historically deterred traditional asset managers from entering the digital asset space.

"This is about removing infrastructure barriers," noted Binance’s VIP & Institutional lead. The plug-and-play system allows fund managers to focus on alpha generation rather than back-office reconciliation, potentially accelerating institutional adoption of crypto assets.

Terra Luna Classic (LUNC) Surges 40% as Token Burn Nears 410 Billion Milestone

Terra Luna Classic’s LUNC token rallied to $0.00006430, marking a 40% rebound from yearly lows as burning mechanisms accelerated. The network has incinerated 408.2 billion tokens since May 2022, with weekly burns exceeding 205 million. Binance’s upcoming monthly burn is expected to push total eliminations past 410 billion by June.

Market momentum aligns with supply contraction. Circulating tokens now stand at 5.45 trillion, down from 6.9 trillion pre-burn initiative. Exchange participation remains critical—Binance alone has destroyed over 72 billion LUNC, demonstrating centralized platforms’ role in decentralized economics.