In crypto, there’s a big difference between an exchange saying your funds are safe and being able to prove what it actually holds. The FTX collapse in 2022 made that difference impossible to ignore. Customers trusted the exchange with their assets, but when it filed for bankruptcy, many were left unable to access their funds. It raised a question the industry still needs to answer: How can we verify what an institution holds without simply taking its word for it? This is where Proof-of-Reserves (PoR) comes in. Instead of relying on promises, institutions can provide verifiable evidence of the assets they hold. But there’s another challenge. Financial institutions may need to prove their reserves without exposing sensitive account balances or other private financial information. That’s where @primus_labs comes in. Primus is building a Proof-of-Reserves solution that combines on-chain and off-chain financial data to help institutions verify their reserves while protecting sensitive information. Using zkTLS and verifiable computation, it can authenticate data from external sources and calculate reserve totals without making every underlying detail public. Why does this matter? Because transparency shouldn’t require institutions to expose everything about their financial operations. One important distinction: Proof-of-Reserves doesn’t automatically account for every liability or guarantee that an institution is financially healthy. It helps verify the assets being reported, but it isn’t a complete picture of solvency. As institutional finance moves on-chain, being able to prove what’s held while protecting what’s private could make a real difference. That’s a use case worth watching. Explore Primus 👇 s.kaito.ai/I0hzkjb