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