Sweden’s Virtune Taps Chainlink to Verify $450M in Crypto ETP Reserves Onchain

Virtune Adopts Chainlink Proof of Reserve

Virtune, a Swedish-regulated digital asset manager and exchange-traded product (ETP) issuer, has integrated Chainlink’s Proof of Reserve across its crypto investment products. The integration gives investors real-time, onchain transparency into the reserves backing Virtune’s $450 million in digital asset ETPs.

The initiative starts with six flagship ETPs — Virtune Bitcoin ETP, Virtune Bitcoin Prime ETP, Virtune Chainlink ETP, Virtune Arbitrum ETP, Virtune Polygon ETP, and Virtune Staked Solana ETP.

By using Chainlink’s oracle network, Virtune can now publicly verify that each product is fully backed by the crypto assets it represents, without exposing sensitive wallet details.

Strengthening Trust in Crypto Investment Products

Virtune’s integration of Chainlink Proof of Reserve helps solve one of the biggest challenges facing digital asset products — verifiable transparency.

Unlike traditional financial products that rely solely on quarterly audits, Proof of Reserve provides automated, onchain data updates. These updates confirm that assets held in custody match those backing issued ETPs.

Christopher Kock, CEO and Co-founder of Virtune, explained the reasoning behind the integration:

“Chainlink Proof of Reserve is the industry benchmark for onchain reserve verifications, and integrating it enables us to deliver real-time, tamper-proof insights into our reserves. This is a significant step toward reinforcing trust in our products and setting a higher bar for accountability in the crypto ETP space.”

Virtune currently manages over $450 million in assets across 19 ETPs, serving more than 150,000 investors. Its products trade on major European exchanges, including:

• Nasdaq Stockholm
• Nasdaq Helsinki
• Deutsche Börse Xetra
• Euronext Amsterdam
• Euronext Paris

This wide distribution has made Virtune one of Europe’s most active issuers of crypto-backed financial instruments.

What Chainlink Proof of Reserve Does

Chainlink’s Proof of Reserve (PoR) is an oracle-powered system that automatically verifies and reports asset reserves on the blockchain.

Here’s how it works in practice:

• Independent verification: Oracles fetch reserve data from custodians or third-party sources.
• Aggregation: The total holdings are aggregated and published onchain.
• Real-time updates: Any change in the reserves triggers an update, providing continuous assurance to investors.

PoR does not reveal individual wallet addresses but confirms that total reserves remain intact — even when funds move for key rotation or operational reasons.

This model gives investors a higher level of transparency than traditional disclosure systems, which depend on delayed reports and manual verification.

A Step Forward for Regulated Crypto ETPs

Virtune’s adoption of Proof of Reserve places it among the first regulated ETP issuers in Europe to integrate onchain verification standards across multiple assets.

The move aligns with growing demand for institutional-grade crypto products that can meet traditional financial oversight requirements while leveraging blockchain’s transparency.

Colin Cunningham, Global Head of Tokenization and Alliances at Chainlink Labs, said:

“This level of transparency is a leap forward for onchain financial integrity—and a signal to the market that crypto investment products can meet and augment traditional transparency standards.”

Why This Integration Matters

Crypto ETPs bridge traditional finance and blockchain by allowing investors to gain crypto exposure through regulated exchanges. But transparency has long been a concern.

Traditional systems rely on quarterly reports and audits, leaving information gaps that can erode investor confidence. Proof of Reserve reduces that gap by offering real-time assurance directly onchain.

For Virtune, this means:

• Enhanced investor trust: Continuous proof that all issued shares are backed 1:1 by crypto assets.
• Operational resilience: Transparency remains intact even during custodian changes or key updates.
• Regulatory readiness: Supports compliance with European market standards for asset disclosure.

This approach could help establish a model for other European asset managers seeking to combine blockchain efficiency with regulatory oversight.

Chainlink’s Expanding Role in Financial Infrastructure

Virtune’s integration follows a string of recent Chainlink partnerships that underscore its growing role in real-world asset (RWA) tokenization and capital market transparency.

• Spiko Finance, a regulated tokenization platform managing over $500 million, recently adopted Chainlink’s Cross-Chain Token (CCT) standard. This enables money market funds to move across blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
• FairsquareLab, a digital asset infrastructure provider working with major Asian banks, is integrating CCIP into Project PAX — an initiative focused on stablecoin interoperability across South Korea and Japan.
• Streamex Corp., a Nasdaq-listed commodity tokenization firm, adopted Chainlink for its GLDY gold-backed token. It uses Chainlink’s Proof of Reserve, Price Feeds, and CCIP to ensure secure cross-chain trading and accurate asset tracking.
• Pharos, a programmable Layer-1 blockchain, integrated Chainlink from day one to support data integrity and interoperability for tokenized assets.

Conclusion

Virtune’s integration of Chainlink Proof of Reserve across its ETP suite marks a clear step toward continuous, verifiable transparency in digital asset investing.

The move reinforces Virtune’s position as one of Europe’s most transparent crypto ETP issuers and highlights Chainlink’s expanding role in providing trusted data for institutional markets.

By merging blockchain verification with regulated financial products, both firms demonstrate how onchain infrastructure can enhance traditional standards of accountability and disclosure.

Resources:

Chainlink X platform: https://x.com/chainlink

Announcement - Virtune Implements Proof of Reserve Powered By Chainlink Across Its $450M+ Digital Asset ETPs To Elevate Institutional Transparency: https://www.virtune.com/en/news/proof-of-reserves

Announcement - FairsquareLab Enters Strategic Collaboration With Chainlink to Advance Stablecoin Interoperability: https://blog.fairsquarelab.com/2025/10/29/news.html

Streamex Corp. (NASDAQ: STEX) Enters Strategic Partnership with Chainlink as Its Official Oracle Provider to Strengthen Tokenization Infrastructure: https://ir.streamex.com/press-releases/detail/391/streamex-corp-nasdaq-stex-enters-strategic-partnership