How can I verify Bitso's Solvency?

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To show solvency, it needs to provide both liabilities and assets (reserves) to then establish that the total value of reserves is equal to or greater than the total liabilities for a given asset.

Bitso is providing its Merkle Tree as a means for you to validate our liabilities and the collateral ratio for each asset we hold – without exposing your data or violating your privacy. You can use the Merkle Tree to securely verify that your balance was properly included in Bitso's liabilities here:

We’re aware that the Merkle Tree alone isn't enough, that's why we're working on several strategies to provide further transparency. Here is what you can expect next from us:

  • A Third-Party audit.
  • An industry working group.
  • The implementation of Zero Knowledge (ZK) Proof.
  • Continuing to work with regulators to create a framework that protects customers above all.

In case you want to learn more about these actions, we've prepared a blog post detailing how they should look like:

And you can stay tuned to our official channels so we can keep you posted on when those strategies will take place.

For informational purposes only, this is not investment advice. When buying, selling, trading or using cryptocurrencies you are subject to certain risks including price volatility and loss of capital, for more information please visit the following link.

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