A leading crypto firm is making use of the leading blockchain oracle service in an effort to increase transparency.
According to a new announcement from 21Shares, the firm’s Ethereum (ETH) exchange-traded fund (ETF) is utilizing Chainlink’s (LINK) Proof-of-Reserve (POR).
“Exciting news! 21Shares has integrated Chainlink Proof of Reserve (PoR) on Ethereum to increase the transparency of the 21Shares Core Ethereum ETF’s (CETH) reserves.
This integration of Chainlink’s Proof of Reserve ensures investors have real-time visibility into the Ethereum reserves backing CETH and aims to set new standards in digital asset transparency and security.”
Chainlink’s POR allows anyone to verify the ETF’s reserve data and reserve history.
Chainlink’s POR integration comes only a week after the first Spot Ethereum ETF launched in the United States.
Last Tuesday morning, ETFs from BlackRock, Fidelity, 21Shares, Invesco,…
