21Shares integrates Chainlink's proof-of-reserve system to provide transparency to its Ethereum ETF
2024-07-29 14:09:46
21Shares has integrated Chainlink's Proof of Reserve (PoR) system to provide greater transparency to its core Ethereum ETF "CETH". Johann Eid, Chief Commercial Officer of Chainlink Labs, said in a joint statement that the transparency resulting from the new integration is likely to further drive the adoption of digital assets: "21Shares plays an important role in supporting the adoption of digital assets, and the Chainlink platform is helping Financial Institution Group achieve its 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, pulling data directly from the Coinbase exchange.
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