Enhancing the bar for transparency
Bitcoin enterprises ought to embody the same level of transparency as Bitcoin itself. We take pride in being the inaugural digital asset lending firm to undergo a Proof-of-Reserves attestation conducted by a Certified Public Accountant. This process has since been carried out biannually.
The Advisa difference
- Proof-of-Reserves Standard
Your assets merit continuous transparency, and we are dedicated to providing it. We are the first organization in the digital asset lending sector to introduce a third-party proof-of-reserves standard conducted by a public accounting firm, and we are the first to integrate this practice into our regular operations. We hold the belief that this should be the norm, and thus, we set the standard through our actions.
- Accountability
Our Proof-of-Reserves standard encompasses all client assets and lending activities, ensuring that our clients can trust that their assets are accurately recorded. This process is conducted by a leading public accounting firm, which independently verifies the total custodial liabilities owed to Advisa clients alongside the assets that Advisa safeguards for them. Throughout this procedure, client confidentiality is maintained.
- Transparency meets privacy
Client information remains confidential and is not disclosed to the public accountant throughout the Proof-of-Reserves attestation process. Advisa generates a distinct anonymized hash ID for each client reference number and for every new attestation. This hashed ID is associated with the balances of each account during the attestation. Subsequently, the unique hashed ID is shared with each client holding a balance, enabling them to confirm that their balance was incorporated in the attestation available on the public accountant’s website.
What is a Proof-of-Reserves attestation?
A Proof-of-Reserves attestation involves an independent public accountant examining Advisa’s client asset balances, along with its lending and custodial balances, at a specific moment in time. This review is conducted independently of Advisa’s management to verify that the company accurately accounts for client assets.