21Shares Integrates Chainlink Proof of Reserve to Enhance Transparency

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21Shares US LLC, a subsidiary of 21Shares AG, has implemented the industry-standard Chainlink Proof of Reserve on the Ethereum mainnet to increase the visibility of the Ethereum reserves supporting the 21Shares Core Ethereum ETF (CETH).

CETH is backed by Ether and closely follows its performance. After conducting research, 21Shares chose Chainlink as its preferred decentralized computing platform due to the platform’s track record of enabling over $12 trillion in value for on-chain markets.

The integration of Chainlink’s Proof of Reserve improves the transparency of the underlying ETH reserves for CETH, providing investors with greater confidence in the fund’s assets.