21Shares has integrated Chainlink’s proof-of-reserve （PoR） system to enhance transparency for its Core Ethereum exchange-traded fund （ETF）. This move aims to support the broader adoption of digital assets by providing real-time reserve data.
Points
- Enhanced Transparency: Real-time reserve data through Chainlink’s PoR system.
- Support for Digital Asset Adoption: Facilitates seamless tokenization on a global scale.
- Potential for Broader ETF Launches: Opens possibilities for more crypto ETFs globally.
21Shares has taken a significant step towards enhancing the transparency of its Core Ethereum exchange-traded fund （ETF） by integrating Chainlink’s proof-of-reserve （PoR） system. This system will provide real-time reserve data and a historical reserve feed that can be publicly verified, sourcing data directly from the Coinbase exchange.
Johann Eid, Chief Business Officer of Chainlink Labs, highlighted the importance of this integration in supporting the adoption of digital assets. He emphasized that 21Shares is playing a crucial role in bridging traditional finance and decentralized finance （DeFi）, helping financial institutions realize the potential of seamless tokenization on a global scale.
The recent approval of the first batch of US spot Ether ETFs is seen as a historic moment for cryptocurrency adoption. This approval is expected to pave the way for more crypto ETFs, including potential launches in other jurisdictions such as Japan, pending regulatory frameworks.
Ophelia Snyder, co-founder and president of 21Shares, noted that the US approval of a spot Ethereum ETF is a significant milestone, demonstrating the growing momentum and global adoption of cryptocurrencies. This development aligns with 21Shares’ mission to bridge the gap between traditional finance and DeFi, fostering a more integrated financial ecosystem.
解説
- Transparency Boost: The integration of Chainlink’s PoR system provides enhanced transparency, crucial for investor confidence.
- Adoption of Digital Assets: Facilitates broader acceptance and integration of digital assets in traditional finance.
- Future ETF Launches: The approval of US Ether ETFs may lead to similar products in other global markets, expanding investment opportunities.