The first audit and assurance platform, on TrustExplorer, that enables users to cryptographically verify their digital assets are fully reserved on their exchanges, custodians, and other digital asset service providers.
The digital asset industry lacks the standards to ensure digital asset service providers hold enough assets to cover customer deposits. Gaps in trust result in lower rates of adoption and higher counterparty risks. TrustExplorer is an objective third-party that instills confidence providers have sufficient digital assets to meet users’ liabilities and enables validation that account data was included in the review.
Third Party Assurance
The Value of Proving Reserves
Perfect for custodial digital asset service providers to provide increased transparency.
Platform Users
Enhance your reputation and confidence with your current and perspective user base.
Regulators
Leverage Armanino’s accounting expertise to fulfill international and domestic regulatory requirements.
Management
Increase confidence in your own internal systems by having our team of industry CPA’s inspect your processes.
Conference
Miami Bitcoin 2021
Noah Buxton, managing director and practice lead, Blockchain & Digital Assets, discusses the use of Proof of Reserves to provide transparency to users of exchanges, lending platforms, asset-backed tokens and more.
Armanino is the first accounting firm to formalize and complete a ‘Proof of Reserves’ for a digital asset exchange. With a combination of traditional audit and industry tools, we are able to provide much-needed transparency to users of virtual asset service providers.