At the Bitcoin 2025 conference in Las Vegas, Jack Mallers announced a significant achievement for 21 in financial transparency.
Announcement and Transparency
During Bitcoin 2025, Jack Mallers announced the launch of 21’s Proof of Reserves. This marks a major milestone in the realm of Bitcoin financial infrastructure transparency. Mallers noted that five publicly verifiable Bitcoin addresses are now available, collectively holding over 42,000 BTC, ensuring a high level of transparency.
Contributions from Major Companies
According to Mallers, significant contributions have come from large companies such as Tether, Bitfinex, and SoftBank. Major contributions include:
* 14,000 BTC from Tether * 7,000 BTC from Bitfinex * 10,500 BTC from Tether on behalf of SoftBank.
All addresses are available on-chain and will be posted on 21’s website and social channels for audit and verification.
Market Significance
Mallers emphasized that such transparency is not possible with traditional assets like gold, referencing the long-abandoned plans to audit Fort Knox. He framed Bitcoin’s verifiability as its greatest strength and confirmed 21’s mission to bring Bitcoin directly to capital markets rather than merely inviting Wall Street into crypto.
Thus, Mallers’ announcement highlights the ongoing development and transparency of the Bitcoin ecosystem, which could have significant implications for the future of financial technology.
