Proof of reserves

Building trust is critical for any financial system, and especially for onchain asset-backed tokens.

Proof of Reserves exists to provide clear assurance that issued tokens are fully backed. It confirms the existence and authenticity of underlying assets by verifying that the amount of cryptocurrency held matches the amount claimed by the issuer.

To support this, iTRY has partnered with Accountable Capital for Proof of Reserves verification. Accountable operates a Data Verification Network (DVN) that enables institutions to share real-time proofs of assets and liabilities without exposing sensitive operational or counterparty data.

Through this setup, Accountable has read-only access to relevant custody locations and can independently verify the status of underlying reserve assets. Using this data, Accountable publishes a public reserves dashboard that allows anyone to review onchain reserve balances and verify the collateralization ratio, ensuring that issued supply remains fully backed.

Proof of reserves dashboard will be live on day 1 of official launch.