Crypto Finance integrates Chainlink's proof of reserve for encryption asset ETP

Odaily News Crypto Finance, which is part of the Deutsche Börse Group, announced that it has launched Chainlink Proof of Reserve, with the first application partner being the crypto asset ETP issuer nxtAssets. This move enables investors to independently verify the Bitcoin and Ether spot reserves held by Crypto Finance on-chain, enhancing transparency and security. The reserve data is provided by Chainlink decentralized oracle and published on the Arbitrum network. The official statement noted that this mechanism offers higher transparency and security compared to traditional periodic disclosure methods, providing a clearer basis of trust for investors, regulators, and auditors.