A first-of-its-kind attestation dashboard that delivers a new
era of transparency in financial markets for digital assets
- Hoseki introduces Hoseki Verified, revolutionizing Spot
Bitcoin ETF Verification, aiming to elevate
verification standards and trust among retail and institutional
investors
- Bitwise (BITB) continues to embrace transparency with Hoseki
Verified
- Hoseki has released a public dashboard showcasing verified
Bitcoin held in custody by Spot ETF Issuers, inviting
entities to contribute towards a more dependable investment
environment
MIAMI, May 1, 2024
/PRNewswire/ -- Hoseki, a leader in
Bitcoin and blockchain verification technology, is
excited to announce the launch of Hoseki Verified, a first of its
kind Spot Bitcoin ETF verification product designed to
ensure transparency and integrity in the
cryptocurrency investment space. Bitwise (BITB), a
premier asset management firm, has joined as the first participant
in this innovative initiative to demonstrate their commitment to
transparency and investor protection.
Hoseki Verified aims to set new standards in the verification
processes for Spot Bitcoin ETFs, providing a robust
framework that enhances trust and transparency for institutional
and retail investors. By leveraging advanced blockchain technology,
Hoseki Verified offers an unparalleled level of transparency and
verification that is critical in today's evolving financial
landscape. Additionally, Hoseki has released a publicly accessible
dashboard that provides real-time representation of the spot
Bitcoin held in custody, with custodians such as
Coinbase, BitGo, and Gemini, for all participating
Bitcoin ETF issuers. Until now, there has been no
publicly accessible third-party resource to affirm and reflect the
Bitcoin that the Issuers hold in custody as required
for the Spot ETF instrument.
Bitwise recognizes the importance of transparency with their
Bitcoin ETF (BITB). In January, Bitwise published the
bitcoin addresses of its Bitcoin ETF
holdings, becoming the first Bitcoin ETF Issuer to do
so. By partnering with Hoseki Verified, Bitwise continues its
commitment to providing investors with confidence and assurance
regarding the ownership of their Bitcoin holdings.
Hong Kim, CTO of Bitwise,
elaborated on the evolution of their work with Hoseki stating, "we
deeply care about Bitcoin and its core value
propositions, chief amongst them being auditability 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."
Leveraging this innovative verification solution, Bitwise aims
to set a new standard in attestation for Spot Bitcoin
ETFs, ensuring that investors can trust in the integrity and
transparency of their investment vehicles. This collaboration not
only enhances Bitwise's reputation as a leader in the industry but
also showcases its dedication to fostering trust and compliance
among retail and institutional investors alike.
Sam Abbassi, CEO of Hoseki,
emphasized the importance of this launch, stating, "In the world of
institutional investing, transparency isn't just a value-add; it's
a fundamental necessity. 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."
Hoseki Verified supports any enterprise that holds digital
assets and is now inviting other entities in the
cryptocurrency and financial sectors to join this
initiative and contribute towards a more transparent and reliable
investment landscape.
About Hoseki
Hoseki is a leader in blockchain
verification solutions and is dedicated to enhancing transparency
and trust in the cryptocurrency market. With both
institutional and consumer-level products, Hoseki is committed to
delivering cutting-edge technology and robust verification
standards that meet the complex needs of modern investors.
For media inquiries, please contact:
partnerships@hoseki.app
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SOURCE Hoseki