21Shares has integrated Chainlink's proof of reserves system to provide transparency for its Ethereum ETF

2024-07-29 22:17:33

Collection

ChainCatcher news, according to Cointelegraph, 21Shares has integrated Chainlink's Proof of Reserve (PoR) system to provide greater transparency for its core Ethereum ETF "CETH".

Johann Eid, Chief Business Officer of Chainlink Labs, stated in a joint announcement that the transparency brought by the new integration could further drive the adoption of digital assets: "21Shares plays a significant role in supporting the adoption of digital assets, and the Chainlink platform is helping financial institutions realize the vision of seamless tokenization on a global scale."

It is reported that the PoR system will provide real-time reserve data and reserve history in a publicly verifiable manner, with data directly extracted from the Coinbase exchange.

(Source Link)

Related tags

21Shares Chainlink Ethereum ETF

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.