OKX has published its 49th proof-of-reserves, or PoR, report, reaching a four-year milestone of continuous disclosures. According to the company, reserve ratios for more than 20 major listed assets were all at or above 100% in the latest report. Among the largest holdings, BTC, ETH, USDT and USDC posted reserve ratios of 108%, 101%, 106% and 100%, respectively, with the combined value of reserves for those four assets standing at about $27.8 billion. OKX said it has released PoR reports on a monthly basis since its first publication in November 2022. Over that period, the number of disclosed assets increased from an initial three to more than 20. The exchange also said it has introduced Merkle tree, full-view Merkle tree and zk-STARK zero-knowledge proof technologies to keep upgrading its reserve verification system. The framework is designed to let users independently verify reserve backing and improve transparency around customer assets.
OKX has released its 49th proof-of-reserves report, marking four years of continuous disclosures.
The latest report shows that reserve ratios for more than 20 major assets disclosed by the exchange all reached 100% or above. For BTC, ETH, USDT and USDC, the reserve ratios were 108%, 101%, 106% and 100%, respectively. The combined value of reserves for those four assets was about $27.8 billion.
Disclosed assets expanded to more than 20
According to the official announcement, OKX has published PoR reports every month since first launching the disclosure in November 2022. The number of disclosed assets has increased from three at the start to more than 20.
Verification system updated over time
OKX said it has introduced technologies including Merkle tree, full-view Merkle tree and zk-STARK zero-knowledge proofs to upgrade its reserve verification system. The setup supports user-side verification of reserve backing and is intended to improve asset transparency.
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