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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 BitPolaris Custody?

BitPolaris Custody presents a specialized digital asset custody solution tailored for exchanges, brokers, and payment providers that need to manage private keys and wallet operations within their own infrastructure. It effectively connects to a variety of supported blockchains through the use of bridge and RPC pools, while also facilitating efficient node oversight and management. The wallet functionalities are divided into hot, warm, and cold tiers, complemented by policy controls that allow for multi-party approvals via hardware keys. One standout feature is the reserve-monitoring capability, which allows users to compare internal ledger balances with on-chain data, helping to identify any pending deposits; furthermore, proof-of-reserves data can be effortlessly exported. The system's compatibility with hardware security modules, the option to add custom tokens on supported networks, and its ability to be deployed at backup locations enhance its versatility. It is available under a single self-hosted license, and also offers a unique perpetual source-code licensing option to meet varying operational demands. This all-encompassing strategy guarantees that businesses can manage their digital assets securely, while retaining complete control over their technological framework, ultimately promoting confidence in their asset management practices.

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Integrations Supported

Binance
Fireblocks
OpenDAX

Integrations Supported

API Availability

API Availability

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

€15,400 one-time
The self-hosted license is €15,400 one time, or €14,000 when purchased with BitPolaris Exchange. A perpetual source-code license is also available.

Supported Platforms

SaaS
On-Prem

Supported Platforms

On-Prem
Linux

Customer Service / Support

Web-Based Support

Customer Service / 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

BitPolaris

Date Founded

2016

Company Location

Türkiye

Company Website

bitpolaris.com/products/custody/

Categories and Features

Crypto Compliance

Not specified

Categories and Features

Crypto Custodians

Not specified