2024-07-29
On July 29, 2024, 21Shares announced
that it has integrated Chainlink’s Proof of Reserve (PoR) to the 21Shares Core
Ethereum ETF (CETH). This integration aims to provide additional transparency
and trust in the ETF’s Ethereum holdings.
By using Chainlink PoR, 21Shares allows
for onchain verification of the ETF’s reserves, which can be independently
verified by anyone in real-time.
This move further solidifies 21Shares’
commitment to providing secure and transparent investment vehicles for
cryptocurrency assets.
Previously on February, 21Shares has integrated
Chainlink Proof of Reserve on the Ethereum mainnet for their ARK 21Shares
Bitcoin ETF (ARKB). This integration allows for increased visibility into the
Bitcoin reserves backing the ETF, ensuring that ARKB is fully backed by actual
Bitcoin holdings.
The Proof of Reserve (PoR) feed is a
type of off-chain reserves feed that pulls reserve data directly from the
source, which has direct access to the accounts or vaults holding the reserve
assets. It calculates the total value of reserves and reports the data on-chain
via Chainlink oracles.
