21Shares has integrated Chainlink's Proof of Reserve (Por) System to provide greater transparency in its Core Ethereum ETF.
It was stated that the aim of the integration is to create more transparency for 21Shares' Ethereum ETF and create more trust among investors.
Johann Eid, chief operating officer of Chainlink Labs, said in the statement that the transparency created by the new integration could further advance the path of digital asset adoption:
“21Shares plays a key role in supporting the adoption of digital assets, and the Chainlink platform helps financial institutions realize the vision of seamless tokenization on a global scale.”
21Shares previously integrated Chainlink's PoR solution for spot Bitcoin ETFs.
*This is not investment advice.