Crypto Finance integrates Chainlink Proof of Reserve for crypto asset ETP

ChainCatcher news, part of Deutsche Börse Group's Crypto Finance, announced that it has launched Chainlink Proof of Reserve, with the first application partner being the crypto asset ETP issuer nxtAssets.

This move allows investors to independently verify the Bitcoin and Ethereum spot reserves held by Crypto Finance on-chain, enhancing transparency and security. The reserve data is provided by Chainlink's decentralized oracle and published on the Arbitrum network. The official statement indicated that this mechanism offers higher transparency and security compared to traditional periodic disclosure methods, providing a clearer trust foundation for investors, regulators, and auditors.