CoinShares opens up its $1B crypto coffers to public audit

[Lenipiw]

Ever wondered what $1 billion worth of crypto looked like?
CoinShares, a company that manages over $1 billion worth of crypto assets is opening up its reserves to a public audit. The service is provided by an accounting firm Armanino, which will be providing an updated state of reservers for various electronically traded products issued by XBT Provider, a CoinShares subsidiary. In a Cointelegraph interview, CoinShares COO Richard Nash said that he hopes this will give it an advantage over its rivals like Grayscale:

“We're able to bring comfort to our stakeholders, whether that be investors or people looking at us through the normal regulatory lens.”
Visit Here: https://cointelegraph.com/news/coinshares-opens-up-its-1b-crypto-coffers-to-public-audit