21Shares has integrated Chainlink Proof of Reserve into the Ethereum mainnet! 🎉 This move reinforces investor confidence by increasing the transparency of the 21Shares Core Ethereum ETF (CETH).
The Zurich-based financial institution stated that this step is in line with its goals of expanding its US product range and strengthening its presence in the US market.
Chainlink's proven track record and ability to support $12 trillion worth of on-chain markets influenced 21Shares in choosing this platform.
This integration allows investors to independently verify CETH's collateralization, eliminating central points of failure and providing continuous updates. 🚀