Proof of Reserves
NYYU Proof of Reserves transparency report
Proof of Reserves
Transparency and security are our top priorities. Our Proof of Reserves ensures all assets are backed 1:1.
Full Transparency
All digital and fiat assets held on the platform are backed 1:1 and independently verified.
What is Proof of Reserves?
Proof of Reserves is a process that allows NYYU to publicly demonstrate that we hold sufficient reserves to cover all user balances. This process involves regular third-party audits and cryptographic verification to ensure transparency and trust.
How It Works
Third-Party Audits
We engage reputable third-party auditing firms to conduct regular audits of our reserves. These audits verify that the total amount of assets held by NYYU matches the total amount of user assets on the platform.
Frequency: Quarterly audits by independent firms
Cryptographic Verification
Users can independently verify that their assets are included in the total reserves through cryptographic proofs. This method ensures that individual user balances are accounted for without compromising privacy.
Privacy Protected: Verification without exposing individual balances
Regular Reporting
Audit reports and verification proofs are published regularly on our platform, providing users with up-to-date information on our reserve status.
Benefits
Users can verify that their assets are fully backed and secure
Regular audits and cryptographic proofs ensure asset integrity
Verifiable proof builds confidence in our platform
Audit Reports
View the most recent third-party audit report (PDF)
Access cryptographic verification tools and proofs
How to Verify Your Assets
Log in to Your Account
Access your NYYU account through the secure platform.
Navigate to Proof of Reserves
Go to the Proof of Reserves section in your account settings.
View Your Balance
Check your current asset balance and the corresponding cryptographic proof.
Verify
Use the provided cryptographic tools to verify that your assets are included in the total reserves.
NYYU is committed to maintaining full reserves and providing transparent, verifiable proof to all users. Our quarterly audits and real-time verification tools ensure your assets are always accounted for.
Verify Your Assets