Hoseki announces donation to Bitcoin Policy Institute for Transparency and Proof of Reserve Research

• Hoseki supports the Bitcoin Policy Institute’s nonpartisan mission and research-based advocacy for institutional transparency using proof of reserves for Bitcoin and other monetary networks.

• BPI and Hoseki share a common goal of expanding the use and understanding of Bitcoin.

AUSTIN, 26 September 2022 /PRNewswire/ — Hoseki, the bitcoin proof of reserves service, is proud to announce a donation of $25,000 to the Bitcoin Policy Institute (BPI), a non-partisan, non-profit think tank that studies Bitcoin and other emerging monetary networks. As regulators and lawmakers place even more scrutiny on the Bitcoin economy, Hoseki is proud to support BPI’s continued research, education and advocacy.

Robust financial tools for the Bitcoin economy are more important than ever, which is why the Hoseki team has been working stealthily for the past year to build the Bitcoin industry’s first digital asset attestation and proof-of-reserve service for retail and institutional customers. Like Hoseki, BPI is a young organization that was recently founded to educate policymakers and the public about Bitcoin through research and advocacy.

“Bitcoin’s characteristic auditability and natural ability to provide transparency is what sets this asset apart from previous assets.” so Sam Abbassi, CEO of Hoseki. “We are honored and excited to support BPI’s mission to provide education and support around proof-of-reserves to alleviate insolvency issues this past summer.”

“We witnessed something completely avoidable this past summer when retail and institutional investors were left empty-handed due to opaque, centralized business practices.” so David Zell, founder of BPI. “Hoseki’s public support is critical for us, as an organization, and for bitcoin, as an industry, to move the needle forward in maturing this incredibly new and innovative asset class. Education about bottom-up solutions regarding transparency in the bitcoin industry is crucial, and we’re excited to have teams like Hoseki building and supporting these tools for a permissionless global economy.”

The story continues

Hoseki will continue to look for meaningful ways to contribute to BPI’s constructive Bitcoin advocacy efforts well into the future. Individuals and other organizations can also support BPI by visiting their website.

About the Bitcoin Policy Institute
The Bitcoin Policy Institute is a non-profit, non-partisan think tank that researches the future of money. Through its interdisciplinary group of researchers and technologists, BPI works to bring relevant insights to decision-makers and the public.

About Hoseki
Hoseki is building financial plumbing for the native bitcoin economy that allows investors and institutions to verify and spend their holdings in ways previously unavailable. By empowering bitcoin holders with a standardized proof-of-reserve service, Hoseki will unleash the bitcoin economy to become bigger and more active than ever.

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SOURCE Hoseki