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What is BitPolaris Proof of Reserves Kit?

The Proof of Reserves Kit functions as a crucial verification instrument for reserves, targeting cryptocurrency exchanges, brokers, and custodians in need of confirming customer balances or conducting reserve audits. It enables the importation of liability balances through multiple methods, including CSV files, read-only SQL queries, or internal HTTP endpoints, which are subsequently organized into a Merkle sum tree. This application verifies declared wallet balances on networks such as EVM, TRON, Bitcoin, Solana, and XRP Ledger at designated block or ledger positions, and effectively accommodates Bitcoin HD wallets by utilizing their extended public keys. Moreover, it employs read-only connectors to retrieve balances from Fireblocks vaults, alongside both Binance spot and funding accounts. The software not only verifies wallet ownership signatures but also produces daily snapshots that are Ed25519-signed, in addition to auditor reports and CSV annexes available in English and Turkish. Users can also validate individual inclusion proofs through a specialized branded verification page, enhancing transparency. This service is made available as either a BitPolaris-hosted option or can be installed directly on client servers, which guarantees that it neither stores any keys nor facilitates fund movements. Such dual accessibility significantly boosts its adaptability for various operational setups within the ever-evolving cryptocurrency landscape. Ultimately, this kit provides a reliable framework for maintaining trust and integrity in cryptocurrency transactions.

What is 21 Travel Rule?

21 Travel Rule is a specialized on-premises compliance solution designed for virtual asset service providers (VASPs) that are required to share critical information for cryptocurrency transactions in accordance with the FATF Travel Rule. The software includes a Compliance Dashboard and a GraphQL API, which streamline the management of transfers between VASPs, facilitate thorough transaction assessments, implement pre-transfer approval processes, and allow for record exports. By complying with the Travel Rule Protocol, it also provides access to the TRUST network for all relevant counterparties. For transactions directed to self-hosted wallets, the AOPP Portal collects confirmations of wallet ownership and maintains a verifiable audit trail. Implemented within a client’s infrastructure, 21 Travel Rule guarantees that all Travel Rule data remains on-premises, enhancing data security. This solution is specifically tailored for the compliance and technology divisions at crypto exchanges, banks, VASPs, and other financial institutions that handle virtual assets, ensuring they effectively and securely fulfill their regulatory requirements. Additionally, its solid architecture enables smooth integration with existing systems, thereby improving overall operational efficiency and compliance management. With this comprehensive approach, organizations can navigate the complexities of regulatory compliance with greater confidence.

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Integrations Supported

Fireblocks
OpenDAX

Integrations Supported

Active Directory
Azure Cloud Services
Beosin EagleEye
BitBox
Blockstream Jade
Chainalysis
Crystal Blockchain
Docker
Global Ledger
Google Kubernetes Engine (GKE)
Kubernetes
Ledger
Merkle Science
Microsoft Entra ID
Scorechain
Trezor
TronLink
WalletConnect

API Availability

API Availability

Has API

Pricing Information

€490/month
For existing BitPolaris customers, the add-on costs €1,700 one time plus €85/month. The standalone hosted plan costs €6,300 for setup plus €490/month. The self-hosted license costs €9,800 one time, followed by €1,960/year for updates. Audit-day support costs €980 per quarter.

Pricing Information

Essentials includes unlimited VASP and self-hosted-wallet transactions for a flat fee, with no onboarding fee. Enterprise offers additional support and custom commercial terms.

Supported Platforms

SaaS
On-Prem

Supported Platforms

Linux

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

BitPolaris

Date Founded

2016

Company Location

Türkiye

Company Website

bitpolaris.com/products/proof-of-reserves/

Company Facts

Organization Name

21 Analytics

Date Founded

2020

Company Location

Zug, Switzerland

Company Website

www.21analytics.co

Categories and Features

Crypto Compliance

Not specified

Categories and Features

Crypto Compliance

Not specified

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