Hoseki, a leader in Bitcoin and blockchain verification solutions, has unveiled Hoseki Verified, a new verification product aimed at enhancing transparency and trust in the cryptocurrency industry, with a focus on spot Bitcoin exchange-traded fund (ETF) asset verification, according to a press release sent to Bitcoin Magazine.
The public dashboard is designed to be a standard in the industry for verifying BTC assets. It will give institutional and retail investors complete visibility of BTC positions held by these funds.
Hoseki Verified It is intended to offer real-time monitoring of the bitcoin held by Bitcoin ETF issuers as well as other entities. financial institutions. According to a press release the dashboard is accessible by all and displays bitcoin holdings verified with custodians including Coinbase BitGo Gemini.
“In the world of institutional investing, transparency isn’t just a value-add; it’s a fundamental necessity,” said Hoseki CEO Sam Abbassi. “As the crypto market matures, investors demand higher standards of clarity and accountability. Hoseki Verified meets this need by providing an unwavering level of digital asset verification, ensuring that every Spot Bitcoin ETF adheres to the highest standards of transparency and integrity.”
Bitcoin ETFs issued by asset management firms Bitwise (BITB)This initiative has been embraced by as its first participant. Bitwise provided the first transparency in regards to its Bitcoin ETF back in January. published The bitcoin addresses for its ETFs are a first step in creating a precedent of asset transparency. Bitwise’s partnership with Hoseki Verified reinforces its commitment to security and investor confidence.
“We deeply care about Bitcoin and its core value propositions, amongst them being audibility and public transparency, which is why we’ve taken the initiative in being public about our on-chain assets and why we are thrilled to be working with Hoseki to make the public transparency work we’ve already done even more robust,” Hong Kim is Bitwise’s CTO.
Hoseki Verified doesn’t just limit itself to Bitwise. Other entities are invited to take part in the initiative and create a transparent Bitcoin investing landscape. Hoseki Verified allows investors to check the authenticity and transparency of various investment instruments, resulting in a safer and more transparent marketplace. financial ecosystem.
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Source: bitcoinmagazine.com