CoinShares and The Network Firm’s Partnership to Revolutionize ETPs with Real-Time Asset Proof Services

According to reports, CoinShares will use the solution provided by the independent accounting firm The Network Firm, LedgerLens, to provide real-time asset proof services for its exchange traded products (ETPs), allowing investors to access the digital asset situation behind ETPs in real time.

CoinShares uses LedgerLens to provide real-time proof of ETP assets

As the world witnesses the fast-growing popularity of digital assets, the demand for exchange traded products (ETPs) is also booming. CoinShares, a London-based company that provides investment tools for digital assets, is taking a major step towards the betterment of ETPs. According to reports, CoinShares will use the solution provided by the independent accounting firm The Network Firm, LedgerLens, to provide real-time asset proof services for its ETPs, allowing investors to access the digital asset situation behind ETPs in real time.

Understanding CoinShares, The Network Firm, and LedgerLens

CoinShares

CoinShares is a pioneer in the field of digital asset investment. It provides investment tools for digital assets such as Bitcoin, Ether, and Litecoin, and its ETPs’ products are listed on several European stock exchanges. As of December 2020, CoinShares had a total of $2.9 billion of assets under management (AUM).

The Network Firm

The Network Firm is an independent accounting firm that offers solutions to address the most challenging issues of the blockchain industry. It provides various services, including accounting, auditing, consulting, and tax services to blockchain-based companies.

LedgerLens

LedgerLens is a blockchain-based solution that was developed by The Network Firm. It provides a solution for real-time asset proof, allowing investors to ensure the safety and security of their digital assets.

Real-Time Asset Proof Services for ETPs

Digital assets run on a decentralized system, and the ownership of these assets needs to be proven. The traditional method of asset verification is to provide a snapshot of the digital assets held at a particular point in time. However, this method is not effective as the value of the digital assets can change drastically within a short time frame.
CoinShares will use LedgerLens to provide real-time asset proof services for its ETPs, which allows its investors to access the digital asset situation behind ETPs in real time. Investors can efficiently monitor their investments’ performance and make informed decisions about buying, selling, or holding ETPs.

Benefits of Real-Time Asset Proof Services for ETPs

The partnership between CoinShares and The Network Firm’s LedgerLens will revolutionize the ETP industry. The real-time asset proof services bring forth several benefits for investors and the ETP industry.

Transparency and Trust

Real-time asset proof services will provide investors with transparent information on the performance of their assets in real time. It will help investors to trust the system as they will have all the necessary information about the assets they are investing in.

Efficiency

Real-time asset proof services will improve the efficiency of the ETP industry. The current method of asset verification is time-consuming and not adequate for real-time monitoring. The LedgerLens solution will streamline the process, thus ensuring an efficient system.

Better Management

Real-time asset proof services will help the ETP industry to manage digital assets better. The system will provide a clear overview of assets, allowing ETP managers to make more informed decisions about buying and selling.

Conclusion

The partnership between CoinShares and The Network Firm’s LedgerLens will provide unprecedented benefits to the ETP industry. Real-time asset proof services will bring transparency, trust, efficiency, and better management of digital assets in the ETP industry. The future of digital assets is bright, and with the help of real-time asset proof services, investors can invest with confidence.

FAQs

1. What is CoinShares?
CoinShares is a London-based company that provides investment tools for digital assets.
2. What services does The Network Firm offer?
The Network Firm provides various services, including accounting, auditing, consulting, and tax services to blockchain-based companies.
3. What is LedgerLens?
LedgerLens is a blockchain-based solution that provides a solution for real-time asset proof, allowing investors to ensure the safety and security of their digital assets.