21Shares has officially integrated the industry-standard Chainlink Proof of Reserve (PoR) on the Ethereum mainnet to enhance the transparency of the underlying Bitcoin reserves of ARK 21Shares Bitcoin ETF.
Johann Eid, Chief Business Officer at Chainlink Labs, stated, “We are thrilled to collaborate with 21Shares. They are revolutionizing the application of tokenized assets and extending their reach to a broader user base. In this context, Chainlink Proof of Reserve can provide immutable real-time data on Bitcoin reserves, not only enhancing the security and transparency of ARK 21Shares Bitcoin ETF but also instilling greater confidence in institutional and market participants to engage in on-chain finance.”
Ophelia Snyder, Co-Founder and President of 21Shares US, commented, “With the integration of the industry-leading Chainlink Proof of Reserve, we are setting a new standard for transparency and security in digital asset management. This integration allows us to provide unprecedented insights and security for ARKB investors, further fulfilling 21Shares' commitment to leading secure and transparent asset management services.”