21.co Integrates Chainlink Reserve Proof On Solana And Ethereum Mainnet

According to BlockBeats, cryptocurrency asset management company 21.co, the parent company of 21Shares, has announced the integration of industry-standard Chainlink reserve proof on both the Solana and Ethereum mainnets. This move aims to enhance the transparency of 21.co's packaged version of Bitcoin, known as 21BTC. The integration of Chainlink's reserve proof is expected to provide a higher level of trust and verification for users and investors. By leveraging Chainlink's decentralized oracle network, 21.co can offer real-time proof of reserves, ensuring that the assets backing 21BTC are verifiable and transparent. This development is part of 21.co's ongoing efforts to improve the reliability and security of its cryptocurrency products. The implementation on both Solana and Ethereum mainnets signifies a significant step towards greater transparency in the cryptocurrency industry. Solana and Ethereum are two of the most widely used blockchain platforms, and integrating Chainlink's reserve proof on these networks underscores 21.co's commitment to adopting industry best practices. This initiative is likely to set a precedent for other companies in the sector to follow, promoting a more transparent and trustworthy environment for digital asset management. Overall, the integration of Chainlink reserve proof on Solana and Ethereum mainnets by 21.co represents a crucial advancement in the quest for enhanced transparency and security in the cryptocurrency space. As the industry continues to evolve, such measures are essential in building confidence among users and investors, ultimately contributing to the broader adoption of digital assets.