21Shares US LLC, an affiliate of 21Shares AG, has integrated the industry-standard Chainlink Proof of Reserve on the Ethereum mainnet to enhance the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (ticker CETH).

CETH is physically backed by Ether and tracks ETH’s performance.

21Shares selected Chainlink as the firm’s preferred decentralized computing platform because of Chainlink’s proven history of enabling over $12 trillion in total value for on-chain markets, according to the release.

"Through the integration of Chainlink's Proof of Reserve solution, 21Shares offers clear visibility into the underlying ETH reserves of CETH, providing investors with increased assurances and confidence that CETH is backed by underlying ETH holdings," the release said. …