CertiK has completed an independent Proof of Assets (PoA) verification for CoinDepo Corp, a digital-asset financial services provider. A Proof of Assets verification checks the value of specific assets at a specific moment. This one was point-in-time, meaning it reflects a single snapshot rather than a continuous view. It covered digital assets that CoinDepo designated as Liquidity & Operational Reserve Assets, as of November 6, 2026, 14:00:00 UTC.
What CertiK Verified
As of the snapshot time, the aggregate USD-equivalent value of the assets in scope was approximately USD 10,878,796.81. "USD-equivalent" means the assets were valued in US dollars at market prices; it does not mean they were held in dollars.
The verification covers only the designated assets at that timestamp. The public presentation does not disclose their composition, networks, wallet addresses, or number of wallets. These details are retained in CertiK's confidential workpapers.
How CertiK Verified It
Balances taken from the blockchain. CertiK independently calculated the on-chain balances of the assets in scope, meaning the balances recorded on the blockchain itself, using blockchain evidence for the snapshot timestamp. The result was derived from blockchain data rather than from balances reported by CoinDepo. Block references, per-asset balances, and calculation records are retained in confidential workpapers.
Valuation in USD. The verified balances were valued in USD using documented, independent market price sources for the snapshot. Asset-specific prices, source timestamps, and calculations are also retained in confidential workpapers.
A test transfer to confirm control. Assets sitting at an address do not by themselves show who can move them. To obtain independent evidence of control, CertiK arranged a small test transfer: CoinDepo sent a nominal, pre-agreed amount from the verified address(es) to a CertiK-designated wallet, and CertiK observed and confirmed the transaction on-chain. CertiK did not rely on CoinDepo's designation of the address(es) alone. The ability to initiate and sign the transaction shows that CoinDepo controlled the address(es) in scope at the time of testing. Transfer details and transaction references are confidential.
What This Does and Does Not Mean
The result confirms the aggregate USD-equivalent value of the designated assets at one moment in time. It does not:
- confirm all assets held by CoinDepo;
- assess whether those assets are sufficient relative to CoinDepo's liabilities;
- constitute a Proof of Reserves, which would also examine customer liabilities;
- constitute a financial audit; or
- express any opinion on customer-asset coverage, solvency, or the adequacy of reserves.
Because the result is a snapshot, it may not reflect the assets after the verification timestamp.
What's Next
This is CoinDepo's first independent Proof of Assets verification, marking the beginning of its planned quarterly verification initiative. Each quarterly verification will have a separately agreed scope and procedures. The assets in scope may change between cycles, so consistent reporting language does not mean the same assets or wallets are verified each time.
Disclaimer
This article summarizes CertiK's Proof of Assets attestation for CoinDepo and is provided for informational purposes only. The verification is based on data provided by CoinDepo at the time of the verification, including CoinDepo's designation of the address(es) under verification. The article contains no statements or warranties identifying technical security-related findings, and it may not be relevant after any changes to CoinDepo's systems or holdings. It is not a comprehensive financial audit of CoinDepo's assets, liabilities, or overall financial position. Virtual assets carry risk, and readers should not rely solely on this article or the underlying report when making financial decisions.
Learn More
To learn more about CertiK's Proof of Assets services or to request an engagement for your platform, visit certik.com, or reach out to our team directly.
