> For the complete documentation index, see [llms.txt](https://docs.opendelta.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.opendelta.com/custody/proof-of-funds.md).

# Proof of Funds

#### Ensuring Transparency with Proof of Funds

Proof of funds is critical to build trust and assure transparency by demonstrating that OpenDelta securely holds and manages the assets backing its products. OpenDelta employs a rigorous proof-of-funds procedure tailored to the custody structure of each product, combining advanced cryptographic verification and independent audits.

**Key Elements of Our Proof of Funds Process:**

1. **Cryptographic Proof of Wallet Ownership**
   * OpenDelta cryptographically verifies the ownership of all wallets holding product-related assets.
2. **Independent Attestation**
   * OpenDelta partners with independent third parties such as [Hacken](https://hacken.io/) to conduct third-party attestations.
   * The audit scope includes:
     * Verification of funds held by custody providers, including assets separated from centralized exchanges and protected by **Off Exchange Settlement** mechanisms.
     * Inspection of allocation and usage across trading exchanges.
     * Review of funds in the **Insurance Fund reserve**, which are held in centralized accounts and wallets with yield generated independently of specific products.
     * Depending on the product, Audits can extend to on-chain wallet structures.

By combining continuous cryptographic verification with independent auditing, OpenDelta ensures ongoing transparency, safeguarding trust and confidence for its users.


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