21.co Enhances Transparency with Chainlink Proof of Reserve for Wrapped Bitcoin

21.co, a leading provider of wrapped Bitcoin solutions, has integrated Chainlink’s Proof of Reserve on both Solana and Ethereum. This integration significantly enhances the transparency of 21BTC, a wrapped Bitcoin token issued by 21.co, by providing verifiable proof of its full Bitcoin collateralization.

\n

Chainlink Proof of Reserve allows independent auditors and users to confirm that every 21BTC token in circulation is backed by an equivalent amount of Bitcoin held in secure custody. This independent verification adds a crucial layer of trust and confidence for users of 21BTC, assuring them that their holdings are fully secured and backed by real Bitcoin.

\n

This integration marks a significant step forward in the development of wrapped Bitcoin solutions, demonstrating 21.co’s commitment to providing a secure, transparent, and reliable platform for users to interact with Bitcoin across various blockchains.

\n

The use of Chainlink’s Proof of Reserve reinforces 21.co’s dedication to providing a secure and trustworthy environment for users to interact with wrapped Bitcoin. This integration sets a new standard for transparency and accountability within the wrapped Bitcoin market, further solidifying 21.co’s position as a leading innovator in the space.