Cryptocurrency

Bitwise is the first to join Hoseki’s new spot Bitcoin ​​ETF transparency dashboard.

Hoseki, a leader in Bitcoin and blockchain verification solutions, has launched a new verification product that aims to increase transparency and trust in the cryptocurrency industry with a focus on verifying physical Bitcoin exchange-traded fund (ETF) assets. The product, Hoseki Verified, was released. A press release was sent to Bitcoin Magazine.

This public dashboard aims to provide both retail and institutional investors with full visibility into their funds’ BTC holdings, setting a new industry standard for verification.

Image via press release

Hoseki Verified plans to provide real-time verification of Bitcoin held by spot Bitcoin ETF issuers and other financial institutions. A public dashboard that anyone can access displays verified Bitcoin holdings held by custodians such as Coinbase, BitGo, Gemini, and others, providing a level of trading never before possible in the industry. Provides transparency.

“In the world of institutional investing, transparency is not just an added value. This is a fundamental need,” said Hoseki CEO Sam Abbassi. “As the cryptocurrency market matures, investors demand greater levels of clarity and accountability. Hoseki Verified meets these needs by providing a robust level of digital asset verification, ensuring that all spot Bitcoin ETFs adhere to the highest standards of transparency and integrity.”

Bitwise (BITB), an asset management company and spot Bitcoin ETF issuer, has adopted the initiative as the first participant. Last January, Bitwise was the first to provide transparency for Bitcoin ETFs by disclosing the Bitcoin addresses of ETF holdings, leading the way in setting a new precedent for asset transparency among ETF issuers. Bitwise is strengthening its commitment to investor trust and security through its partnership with Hoseki Verified.

“We care deeply about Bitcoin and its core value proposition, especially listenability and public transparency. That’s why we’re excited to lead the way in releasing on-chain assets and working with Hoseki to make it happen. We have already done even stronger public transparency work,” explained Bitwise CTO Hong Kim.

Hoseki Verified is not limited to Bitwise. We welcome and invite other Bitcoin players to join this initiative to create a more transparent Bitcoin investment environment. Hoseki Verified allows investors to verify the integrity and transparency of these investment vehicles, ultimately contributing to a healthier and more trustworthy financial ecosystem.

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