Ark Invest and 21Shares Enhance Transparency for ARKB ETF with Chainlink Integration
Asset managers Ark Invest and 21Shares have announced a collaboration to enhance transparency for their ARK 21Shares Bitcoin ETF (ARKB) by integrating Chainlink’s Proof of Reserve platform to verify holdings data.
Announced Wednesday, the Chainlink integration aims to provide investors with real-time, verifiable insights into the ETF’s holdings.
Crypto ETF issuer @21shares_us has integrated #Chainlink Proof of Reserve on @ethereum to increase the transparency of ARK 21Shares Bitcoin ETF’s (ARKB) reserves with @ARKInvest.
Explore how PoR provides transparency for both onchain and offchain assets: https://t.co/uauB02irKm
— Chainlink (@chainlink) February 28, 2024
Ophelia Snyder, co-founder and president at 21Shares, highlighted the significance of this collaboration, stating that it allows for an unmatched level of insight and safety for investors’ holdings in ARKB.
“By integrating Chainlink, the industry leader in Proof of Reserves for tokenized assets, we’re setting a new standard for combining transparency and security in digital asset management.”
21Shares ensures a balance of security and transparency in its operations. Through the integration of Chainlink’s Proof of Reserve solution, 21Shares provides clear visibility into ARKB’s Bitcoin reserves.
Enhanced security measures, including segregated wallets, multi-sig protocols, and cold storage, ensure transparent yet secure holdings, maintain asset integrity, and build investor trust.
Investors in ARKB can now verify that Bitcoin holdings fully back the ETF, as the underlying Bitcoin reserve and reserve history, is publicly available through Chainlink Proof of Reserve (PoR).
T his off-chain reserves feed, sourced directly from Coinbase, enables the on-chain
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