# aelf Announces The Launch Of Centralized Asset Management

By Coinness

Canonical URL: https://www.tokenpost.com/news/investing/7317
Published: 2021-03-11T02:56:03.000Z
Updated: 2021-03-11T02:56:03.000Z

Decentralized cloud computing network aelf tweeted to announce "Centralized Asset Management" (CAM) which removes users' asset risks in CEXs.

The aelf CAM is essentially a smart contract on the aelf blockchain. It creates a master address for any given exchange, which will be governed by a CAM contract instead of the exchange itself or anyone else.

Coinness

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