Conventional
Proof of Reserves

The industry’s chosen standard for periodic transparency reporting.

Periodic Attest Reporting is the New Industry Norm.

Our Service is a Flexible, Transparent, and Trusted way to Meet the Needs of Your Users.

  • The industry norm is now clear. Users of asset-backed tokens want transparency into reserve assets.

  • The Network Firm is a leading provider of transparency reporting for a diverse range of clients, including stablecoin issuers, asset-backed tokens, ETFs, custodians, and others.

  • Our ‘conventional’ Proof of Reserve attestations are executed periodically using recognized standards, flexible to your needs, and trusted by thousands of end users.

What is a Conventional Proof of Reserves Attestation?

Flexible, Transparent & Trusted CPA Attest Reporting, produced Periodically, and Covering Reserve Assets ≥ Customer Liabilities

 

Conventional Proof of Reserve
Use Cases

 

Stablecoin Issuers &
Financial Institutions

Asset-Backed Tokens &
RWA Tokenizers

Exchange-Traded Funds &
Exchange-Traded Products

Outputs of a Conventional Proof of Reserve Attestation

CPA Attestation Reports under AICPA Standards

TNF’s periodic attestation reporting service results in periodic attestation reports issued under standards promulgated by the American Institute of Certified Public Accountants (AICPA).

  • TNF clients can make the Independent Accountant’s Report available to customers directly (either permissioned or publicly) on your website.

  • The same reports used by top issuers are available to startups, mid-market players, and legacy brands.

  • International attestation standards are also available.

  • Under AICPA Standards TNF can provide Agreed Upon Procedures where we provide Procedures and Findings over the subject matter, or Examinations where we provide an Opinion over management’s assertion being fairly stated or the subject matter being in accordance with (or based on) the criteria, in all material respects.

  • Available attestation standards allow for flexibility to address multiple types of “subject matter” - from stablecoins to exchange-traded notes.

 

Leading the Global Adoption of
Proof of Reserves

 

5+ Years Experience

The TNF team was involved in the first-ever Proof of Reserve attestations, with experience stemming from 2018.

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.

Contributing to Attest Standards

TNF contributes to the AICPA’s Digital Asset Attestation Working Group, helping to develop industry-wide standards for CPAs and digital assets industry participants. 

Conventional Proof of Reserves Attestation FAQ

  • Multiple company types can benefit from transparency reporting, 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 periodic attestation reporting services.

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

    • Asset-Backed Tokens: where attestation reporting provides 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 attestation reporting provides transparency to a security instrument issued and backed by digital assets held in reserve by the issuer’s custodian on behalf of noteholders.

  • Yes! We encourage clients to provide periodic transparency reporting to “traditional” users expecting a CPA attestation along with an On-Chain Proof of Reserves expected by crypto-native users!

  • The standard timeline to complete the first report is 2 to 3 weeks once engagement starts.

    • Subsequent reports are typically completed within 3-5 business days after the “snapshot” date.

    • At all times, we strive to reduce the time between the period-end of the report and the time the report can be made available to intended users.

Learn more about
Conventional Proof of Reserves

The Network Firm is an experienced and trusted provider of Proof of Reserves Attestation services for digital assets companies. Use the link below to book an introductory meeting with one of our experts.