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21Shares Integrates Chainlink Proof of Reserve on Solana and Ethereum for Wrapped Bitcoin Transparency

Sep 23, 2024, 04:53 PM

21.co has integrated Chainlink's Proof of Reserve (PoR) on the Ethereum and Solana blockchains to enhance transparency and security for its 21BTC Wrapped Bitcoin product. This integration ensures that 21BTC is fully backed 1:1 by Bitcoin in cold storage, providing real-time verification and securing the minting process. The move is aimed at building a reliable framework for tokenization, ensuring secure minting and transparency in the process. 21Shares, the parent company of 21.co, announced the integration on September 23, 2024.