On-Chain
Proof of Reserves

The future of transparency is on-chain

The On-Chain World is Here

  • TNF is the leading data reporter of Proof of Reserves feeds with the #1 oracle network.

  • Our On-Chain Proof of Reserves tech stack has operated since 2022, the longest running and most reliable reporting engine in the market.

  • As the first CPA team to run a blockchain oracle node, we are also a data provider that can support your on-chain Proof of Reserves service.

What is On-Chain Proof of Reserves?

Data aggregation service for on-chain liabilities and off-chain assets

 

On-Chain Proof of Reserves Use Cases:

 

Stablecoin Issuers &
Financial Institutions

Exchange-Traded Funds &
Exchange-Traded Products 

Asset-Backed Tokens &
RWA Tokenizers

Tokenized Funds &
Security Instruments

On-Chain Proof of Reserves Outputs

1. API Endpoint Service Aggregating Off-Chain Reserve Data

  • After compiling relevant off-chain balance data from on-chain and off-chain sources, TNF presents the compiled balance data via Rest API for ingestion by oracle networks, and other web applications.

  • Non-attest service is flexible to multi-chain and multi-custodian operations.

2. Administrative Control Panel

  • Client admins receive permissioned access to the Control Panel.

  • Control Panel includes balance data insights, downloadable reporting, system health information, detailed balance data from each source collected during each collection interval, system logs, and more.

On-Chain Proof of Reserves Integrations

Blockchains

  • Bitcoin

  • Ethereum

  • Litecoin

  • XRP

  • Polkadot

  • Cardano

  • Algorand

  • Solana

  • And more!

Banks

  • First Digital Trust

  • Flowbank

  • Capital Union Bank

  • Customers Bank

  • Fortress Trust

  • Deltec

  • J.P. Morgan Chase

  • Cross River Bank

  • And more!

Custodians & Exchanges

  • Coinbase

  • Binance.com

  • Kraken

  • Bitgo

  • Komainu

  • OKEX

  • Huobi

  • Bitfinex, Bitstamp, Deribit

  • LMAX, B2C2, OSL, Pit, and more!

 

Leading both the CPA and Digital Assets Industries Forward 

 

First-ever CPAs to Bring Attested
Data On Chain

The TNF team was the first to bring attested to data on chain in 2022.

Building the Decentralized
Audit Network

We envision a future where multiple audit firms report on off-chain reserves. With partners like Chainlink, we are building the infrastructure to make it happen.

From Policy to Practice

In conjunction with industry experts, TNF co-authored The Digital Chamber’s “Practitioner’s Guide to Proof of Reserves,” the most comprehensive guide on PoR.

 On-Chain Proof of Reserve Clients 

On-Chain Proof of Reserves FAQ

  • Multiple company types can benefit from real-time and on-chain transparency, especially those that issue tokens backed by real-world assets. Similarly, those issuing exchange-traded notes backed by on-chain assets can close the transparency gap between on- and off-chain assets with on-chain reporting services.

    • Stablecoins: where aggregation and reporting provide transparency to a token issued on a blockchain, pegged to a fiat currency, and backed by assets held in reserve by the issuer’s custodian on behalf of token holders.

    • Asset-Backed Tokens: where aggregation and reporting provide transparency to a token issued on a blockchain that is pegged/representative of another type of asset or instrument, such as a carbon credit, partnership interest in real estate, or an ounce of gold, and is backed by assets held in reserve by the issuer’s custodian on behalf of token holders.

    • Exchange Traded Products: where aggregation and reporting provide transparency to a security instrument issued and backed by digital assets held in reserve by the issuer’s custodian on behalf of noteholders.

  • Yes! It is encouraged to provide real-time transparency to your “traditional” users expecting a CPA attestation, along with crypto-native users expecting an On-Chain Proof of Reserves!

  • The standard service timeline is 3 weeks. Service start times are dependent on scoping and client onboarding processes.

    • TNF will soon deploy self-onboarding tools to reduce onboarding time to hours, not days or weeks.

    • Additional time for the Oracle Network to deploy and test the feed may be required.

  • We work with any Oracle Network that can retrieve information via API.

    • We have worked closely with the Chainlink team to develop and prove the On-Chain Proof of Reserve solution; however, the service is Oracle-agnostic.

Learn more about
On-Chain Proof of Reserves

The Network Firm is an experienced and trusted provider of Oracle and On-Chain Proof of Reserves services for digital asset service providers. Use the link below to book an introductory meeting with one of our experts.