Hoseki Launches Spot Bitcoin ETF Verification Tool: Hoseki Verified

May 01, 2024

Hoseki Launches Spot Bitcoin ETF Verification Tool: Hoseki Verified

ETF Issuers and any other entity can selectively attest to their bitcoin balances through Hoseki Verified.

Hoseki, the digital asset authentication and verification platform, is proud to announce the launch of Hoseki Verified. With this tool, anyone who owns shares in a Bitcoin ETF can verify their issuers on-chain Bitcoin balance in real-time.

The insolvency crises that have plagued the industry have solidified Hoseki’s base assumption that transparency is sorely lacking and desperately needed in the digital asset industry. Voluntary, self-selective, self-regulated, and transparent tools are needed to build credibility and protect investors. This is particularly important at the institutional ETF level, as well as for the prevention and real-time insight into traditional finance practices such as rehypothecation. Hoseki is proud to lead the way by building the tooling and infrastructure needed to mature this still nascent, permissionless, decentralized, and global asset to a level worthy of becoming the bedrock for international finance.

Bitcoin is many things to many people. But arguably its most important feature is its audit-ability. Bitcoin is perfectly auditable at both the network (macro) level and the individual (micro) level, as opposed to things like gold. Hoseki is tirelessly working to build the best technology and experiences possible so that Bitcoin investors (both institutional and retail) can enjoy the property rights afforded to them by the Bitcoin protocol.

Hoseki was built for the sole purpose of building the infrastructure required to mature the industry through this native audit-ability starting with a proof-of-funds rails. Today, we are proud to announce the launch of Hoseki Verified that allows anyone or entity – ETF issuer, exchange, nation-state, local municipality, public company, or private company – to publicly attest to their Bitcoin reserves.

Here’s how it works:

Organizations can contact us at partnerships@hoseki.app to get listed on Hoseki Verified. Investors and users can access our data by simply going to www.hoseki.app/verified to check the verified balance of the entity in question.

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