The ARK Bitcoin ETF (ARKB) asset managers, 21Shares and Ark Investment, have partnered with Chainlink to improve transparency and security in tokenized assets. This collaboration aims to set a new standard by utilizing Chainlink’s Proof of Reserve (PoR) solution to verify the Bitcoin reserves backing the ARKB ETF. By accessing Coinbase’s data feeds, Chainlink’s PoR will automatically update the on-chain reference contract with the total value of ARKB’s Bitcoin holdings. This integration offers investors frequent updates on collateralization, eliminates manual verification, and enhances security by ensuring reliable on-chain updates. The transparency provided by Chainlink’s PoR enables independent verification of asset collateralization. Ophelia Snyder, 21 Shares US co-founder, highlighted the collaboration's commitment to transparency and security in digital asset management. Bitcoin's current price is $67,960, slightly down from a recent high of $70,000. Read more AI-generated news on: https://app.chaingpt.org/news