HosekiHoseki Verified, a leader in Bitcoin and blockchain verification solutions, will reportedly focus on spot Bitcoin exchange traded fund (ETF) asset verification, with the aim of increasing transparency and trust in the cryptocurrency industry. The company has announced a new verification product called Hoseki Verified. The release was sent to Bitcoin Magazine.
This public dashboard aims to set a new industry standard for verification, giving both retail and institutional investors full visibility into these funds’ BTC holdings.
Hoseki certified We plan to provide real-time verification of Bitcoin held by Spot Bitcoin ETF issuers and other financial institutions. According to the release, the publicly accessible dashboard will display verified Bitcoin holdings from custodians such as Coinbase, BitGo, and Gemini, providing a level of transparency previously unavailable in the industry. That’s what it means.
“In the world of institutional investing, transparency is not just an added value; it is a fundamental necessity,” said Sam Abbasi, CEO of Hoseki. “As the crypto market matures, investors are demanding higher standards of transparency and accountability. Hoseki Verified addresses this need by providing an unwavering level of digital asset verification, ensuring every spot bit We ensure that the Coin ETF adheres to the highest standards of transparency and integrity.”
Asset management company and spot Bitcoin ETF issuer Bit unit (BITB)accepted the initiative as the first participants. Bitwise first provided transparency about its Bitcoin ETF in January. published Bitcoin aligns with ETF holdings and takes the lead in setting new precedents for asset transparency among ETF issuers. By partnering with Hoseki Verified, Bitwise strengthens its commitment to investor trust and security.
“We take Bitcoin and its core value proposition very seriously, and that includes audibility and public transparency. That’s why we take the initiative to be transparent about our on-chain assets. And working with Joseki further strengthens our existing commitment to public transparency,” explained Bitwise CTO Hong Kim.
Hoseki Verified is not limited to Bitwise. We welcome and invite other Bitcoin entities 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.
