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21Shares Integrates Chainlink Proof of Reserve

Twitter icon  •  Published il y a 1 mois  •  Hassan Maishera

21Shares has integrated the Chainlink Proof of Reserve on the Ethereum mainnet to enhance the transparency of the Bitcoin reserves backing the ARK 21Shares Bitcoin ETF.

Chainlink announced via X on Wednesday that 21Shares has integrated the Chainlink Proof of Reserve on the Ethereum mainnet to enhance the transparency of the Bitcoin reserves backing the ARK 21Shares Bitcoin ETF.

21Shares said they chose Chainlink PoR because it has a proven history of enabling $9T+ in total value for decentralized markets and securely delivering 11.8B+ data points onchain. 

Additionally, Chainlink Proof of Reserve is their recommended service for tokenized asset issuers looking to bring reserve data onchain because of its ease of integration and ubiquitous adoption across the blockchain ecosystem.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 4% over the past 24 hours and is trading at $19.897 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.