#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
HSBC has been appointed as the tokenization agent for the Hong Kong Project Ensemble pilot program.
On June 12, according to the Hong Kong Economic Journal, Zhu Kuang Lee, chief head of digital, data and innovation at HSBC, said that HSBC is focusing on three major areas of blockchain technology: digital asset custody, private blockchain platform HSBC Orion, and tokenization. Over the past year and a half, the HSBC Orion platform has completed more than 10 bond issuances totalling more than US$1.5 billion in Hong Kong and elsewhere. HSBC also plans to expand more capabilities on the platform, including support for the digitization of other asset classes.
In addition, HSBC has recently been designated by Huaxia Fund Management Company as the tokenization agent for the Hong Kong Project Ensemble pilot program, assisting in the issuance and redemption of money market fund shares. Zhu Kuang Lee emphasized that tokenization helps lower investment thresholds, promotes financial inclusiveness, and explores the potential of tokens as collateral. HSBC has been actively researching blockchain technology since 2019 to address profitability pressures in the banking industry, creating new revenue sources by enhancing efficiency and reducing costs.