{"id":94458,"date":"2024-09-23T18:34:51","date_gmt":"2024-09-23T22:34:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=94458"},"modified":"2024-09-23T18:39:56","modified_gmt":"2024-09-23T22:39:56","slug":"21-co-adds-chainlink-proof-of-reserves-for-wrapped-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/21-co-adds-chainlink-proof-of-reserves-for-wrapped-bitcoin\/","title":{"rendered":"21.co Adds Chainlink Proof of Reserves for Wrapped Bitcoin"},"content":{"rendered":"\n

21.co, the parent company of 21Shares, uses Chainlink Proof-of-Reserve to make its wrapped Bitcoin<\/a> more transparent.<\/p>\n\n\n\n

\"21.co
21.co Adds Chainlink Proof of Reserves for Wrapped Bitcoin<\/figcaption><\/figure>\n\n\n\n

21.co plans to utilize Chainlink's proof of reserves service on the Ethereum and Solana mainnets, per a press announcement dated September 23. <\/p>\n\n\n\n

The integration aims to make reserves for 21.co's wrapped Bitcoin, or 21BTC, more transparent. Early in September 2024, 21BTC debuted on Ethereum and Solana. The coin has a 1:1 backing from cold storage and institutionally owned BTC reserves<\/a>.\u00a0<\/p>\n\n\n\n

Chainlink's service will broadcast on-chain the reserves for users to confirm. 21.co will use the PoR through Onyx, the business's digital asset management platform, according to the press release. <\/p>\n\n\n\n

Users will have access to real-time 21BTC reserve verification thanks to this partnership. Throughout the minting process, proof-of-reserves\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> will strengthen asset and user security as well. <\/p>\n\n\n\n

According to Chainlink Labs Chief Business Officer Johann Eid, secure minting is a step toward further tokenization expansion. <\/p>\n\n\n\n

Beyond openness, the Chainlink collaboration improves 21BTC's overall decentralization on the Ethereum and Solana chains. <\/p>\n\n\n\n

This aligns with the larger goal of the cryptocurrency business, which is to create a decentralized ecosystem emphasizing global trade, gaming, real-world assets<\/a>, and decentralized banking.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

21.co, the parent company of 21Shares, uses Chainlink Proof-of-Reserve to make its wrapped Bitcoin more transparent. 21.co plans to utilize Chainlink’s proof of reserves service on the Ethereum and Solana mainnets, per a press announcement dated September 23. The integration aims to make reserves for 21.co’s wrapped Bitcoin, or 21BTC, more transparent. Early in September […]<\/p>\n","protected":false},"author":43,"featured_media":94459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21988,852,12969],"class_list":["post-94458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-21-co","tag-chainlink","tag-proof-of-reserves-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/croc_1727126171714.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=94458"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/94459"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=94458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=94458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=94458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}