21Shares integrates Chainlink's reserve proof system to provide transparency for its Ethereum ETF

PANews reported on July 29 that, according to Cointelegraph, 21Shares has integrated Chainlink's Proof of Reserve (PoR) system to provide greater transparency for its core Ethereum ETF "CETH". Johann Eid, Chief Business Officer at Chainlink Labs, stated in a joint statement that the new integration could further promote the adoption of digital assets: "21Shares plays an important role in supporting the adoption of digital assets and Chainlink platform is helping financial institutions realize their vision of seamless tokenization globally." It is reported that the PoR system will provide real-time reserve data and historical records in a publicly verifiable manner, directly extracting data from Coinbase exchange.