The Singapore fintech platform Cake DeFi has released a Merkle tree proof of reserves

ChainCatcher news, according to Cointelegraph, the Singapore fintech platform Cake DeFi has used Merkle trees to publish proof of reserves. This feature allows the public to access the Merkle tree proof of reserves on its website, enabling users to verify their assets as well as the company's liabilities. Cake DeFi will also allow users to see how yields are generated and provide real-time on-chain data regarding customer funds. (Source link)