At Hoseki, we're dedicated to enhancing transparency and trust in the cryptocurrency industry. Today, we're thrilled to announce the launch of Hoseki Verified, a groundbreaking new product focused on providing real-time verification for spot Bitcoin exchange-traded fund (ETF) assets.

In a rapidly maturing crypto market, investors, both retail and institutional, are rightly demanding higher standards of clarity and accountability. Hoseki Verified directly addresses this need by offering a public dashboard that provides full visibility into the BTC holdings of these funds. This initiative aims to set a new industry standard for verification, ensuring that every Spot Bitcoin ETF adheres to the highest standards of transparency and integrity.

Hoseki Verified provides real-time verification of bitcoin held in custody by spot Bitcoin ETF issuers and other financial institutions. Our accessible public dashboard displays verified bitcoin holdings with custodians such as Coinbase, BitGo, and Gemini, offering a level of transparency previously unavailable in the industry.

"In the world of institutional investing, transparency isn’t just a value-add; it’s a fundamental necessity,” said Hoseki CEO Sam Abbassi. “As the crypto market matures, investors demand higher standards of clarity and accountability. Hoseki Verified meets this need by providing an unwavering level of digital asset verification, ensuring that every Spot Bitcoin ETF adheres to the highest standards of transparency and integrity.”

We are incredibly proud to announce that asset management firm and spot Bitcoin ETF issuer Bitwise (BITB) has embraced this initiative as our first participant. Bitwise has consistently led the way in asset transparency, having first provided transparency regarding its Bitcoin ETF in January by publishing the bitcoin addresses of its ETF holdings. By partnering with Hoseki Verified, Bitwise is reinforcing its dedication to investor confidence and security.

“We deeply care about Bitcoin and its core value propositions, amongst them being audibility and public transparency, which is why we’ve taken the initiative in being public about our on-chain assets and why we are thrilled to be working with Hoseki to make the public transparency work we’ve already done even more robust,” explained Bitwise CTO Hong Kim.

Hoseki Verified is not just limited to Bitwise. We welcome and invite other entities in the Bitcoin space to join this initiative. By working together, we can create a more transparent Bitcoin investment landscape, allowing investors to verify the integrity and transparency of these investment vehicles, and ultimately contributing to a healthier and more trustworthy financial ecosystem.

Join us in building a more transparent future for Bitcoin investments.