Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

CoinShares Integrates Armanino’s Attestation Service into CoinShares Physical Bitcoin

Published

on

 

CoinShares, Europe’s largest digital asset manager with $4 billion in AUM, today announced that it will be offering an attestation service for its new physically backed Exchange Traded Product (ETP), CoinShares Physical Bitcoin (Ticker: BITC), via Armanino’s Real-Time assurance application, TrustExplorer. This blockchain-enabled solution allows investors to independently verify the bitcoin backing BITC through viewable and downloadable attest reports that are generated daily.

BITC has been well received by the marketplace with total volumes exceeding $23M in the first 14 days of trading. Through the integration of Armanino’s on-demand attestation services, CoinShares offers investors enhanced visibility into the underlying bitcoin of its BITC product. This capacity for independent verification of assets further advances CoinShares’ mission to bring tailored investment products to the digital asset marketplace, which offer unparalleled security and transparency, therefore bridging the gap between institutional finance and digital assets.

CoinShares’ Head of Product, Townsend Lansing, commented, “Our team at CoinShares is dedicated to utilising innovative technology to continue our mission of bringing trust and transparency to the ETP space. As we first pioneered with our XBT Provider product line, which has $3.8 billion in AUM, we are now bringing this same innovation to our new product line, which was built with the needs of institutional allocators in mind.”

Armanino is a top 25 accounting firm specialising in digital assets. The TrustExplorer application leverages blockchain technology to independently verify the amount of bitcoin physically backing the ETP match the Issuer’s liabilities. This unique application allows CoinShares to advance the industry by adding another layer of transparency to its best-in-class physical ETP structure.

Advertisement

Noah Buxton, Director and Blockchain & Digital Asset Practice Leader at Armanino LLP added, “CoinShares Physical represents an exciting capital markets innovation, and we are evermore confident that such platforms must be met and served with innovative assurance tools. Anything less would be a disservice to the potential of digital assets. Since onboarding CoinShares XBT Provider ETPs in 2020, we have seen TrustExplorer’s ability to provide highly accurate attest reporting. We are humbled to continue as an important ingredient in the recipe of CoinShares’ valuable, compliant and transparent digital asset products.”

Blockchain

Bybit Receives Georgian VASP License, Strengthening Global Regulatory Presence

Published

on

bybit-receives-georgian-vasp-license,-strengthening-global-regulatory-presence
Continue Reading

Blockchain

Accredited Solutions, Inc. Announces Strategic Acquisition of GlobeTopper, a $37M Revenue Platform Acquisition to Anchor Fintech Strategy

Published

on

Continue Reading

Blockchain

DIGZAX Enhances Collaborative Security System, Pioneering New Heights in Cryptocurrency Trading

Published

on

digzax-enhances-collaborative-security-system,-pioneering-new-heights-in-cryptocurrency-trading

DIGZAX

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE