Dear users,

Welcome to the latest edition of our Weekly Update series. This week, we published the results of our blockchain audit by Deloitte, launched a new DAA, hosted our first guest AMA on Reddit, and more.

Blockchain Audit

In one of our most important milestones so far, today we published the results of our first blockchain audit conducted by Big Four professional services firm Deloitte. By providing an independent overview, Deloitte verified that the digital assets on our platform have been reported accurately and that ICONOMI is solvent. On April 5, 2018, ICONOMI had $133.6M of liabilities and $210.2M of reserves distributed across 80 digital assets, fully covering all liabilities.

The data is available directly on our website, and a technical overview of the blockchain audit process is available here. Next week, we will be releasing a verification tool to allow users and DAA managers to verify their inclusion in the blockchain audit for themselves. See the Sneak Peek section at the end of this post for a preview.

New DAA

The new Hive Index DAA uses a “wisdom of the crowd” approach to define its structure. The DAA’s equal weight strategy involves analyzing every DAA on the ICONOMI platform to determine the 25 most popular digital assets and setting the DAA structure on this basis. The launch of Hive Index was reported on by Irish Tech News. Be sure to follow Hive Index’s Twitter page to stay updated.

Columbus Capital Reddit AMA

On Wednesday, April 18, we hosted our first guest AMA on the official ICONOMI subreddit, featuring Columbus Capital, managers of the BLX and Pinta DAAs. The Columbus Capital team answered questions on topics ranging from stablecoins to stock exchanges.

Conferences