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

21Shares has integrated Chainlink's Proof of Reserve (PoR) system to provide greater transparency to its core Ethereum ETF "CETH". Johann Eid, Chief Commercial Officer of Chainlink Labs, said in a joint statement that the transparency resulting from the new integration is likely to further drive the adoption of digital assets: "21Shares plays an important role in supporting the adoption of digital assets, and the Chainlink platform is helping Financial Institution Group achieve its vision of seamless tokenization on a global scale." It is reported that the PoR system will provide real-time reserve data and reserve history in a publicly verifiable manner, pulling data directly from the Coinbase exchange.