🔓Proof of Reserves Services

A Brief History of Proof of Reserves

The concept of Proof of Reserves has evolved since the first implementation conceived by Greg Maxwell. In 2013, Maxwell theorized that an exchange could use cryptography to prove custody over customer assets and use Merkle Tree to prove customer liabilities. In 2018, the same concept evolved to proving assets collateralizing a stablecoin and other asset-backed tokens, either monthly or in real-time. In 2020, "off-chain" reserve data was brought onto blockchains via oracle networks (such as Chainlink) to perform an "on-chain" Proof of Reserves.

In all cases, a "liability" issued to another party is intended to be collateralized by assets held in custody. The formfactor of the asset and liability pair depends on the type of instrument issued and collateralized. In all cases, the Issuer's "promise" is that assets held in custody are greater than the amount of liabilities issued.

Proof of Reserve Services offered by The Network Firm

The Network Firm offers services to cover all iterations of Proof of Reserves since the ideation of the concept in 2013.

Merkle Tree Proof of Reserves

Periodic CPA Attestation Reports & Merkle Tree for Customer Verification

For Exchanges, Custodians, and Trading Platforms

Real-Time Reserves

CPA Attestations issued every 30 seconds using real-time data.

For Stablecoin, Asset-backed Token, and Exchange-Traded Product Issuers

On-Chain Proof of Reserves

Off-Chain Data provided on-chain via APIs to Oracle Networks for use in smart contracts

For Stablecoin and Asset-Backed Token Issuers

Conventional Proof of Reserve Attestations

Monthly CPA Attestation Reporting for All Digital Asset Issuers

For All Digital Asset Industry Types

What's the difference between these different types of Proof of Reserves?

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