Proof of reserve

Every broAsset is backed 1:1 by the real underlying held in a broker-controlled Ika dWallet. The custody address is public, so coverage is verifiable by anyone.

What coverage means

Coverage is reserves divided by broAsset supply, valued in USD. A market is healthy when coverage is at or above 100%: there is at least as much of the real underlying in custody as there are broAssets outstanding. The markets page shows a Covered badge per asset and a total coverage figure across all markets.

Where reserves live

Reserves sit in an Ika 2PC-MPC dWallet. Ika splits signing authority so the broker can hold and move assets across chains without a bridge and without any single party holding the full key. Because the dWallet address is public, anyone can inspect the balances backing each broAsset.

How to verify

1. Read the broAsset supply on Sui for the market you care about.
2. Read the balance of the underlying in the broker's published Ika dWallet address.
3. Confirm the custody balance is at least the supply, valued at the same reference price.

Roadmap

V1 publishes the custody address for manual verification. A later release adds an on-chain attestation so coverage can be checked programmatically, plus vendor price feeds to replace the broker's self-quote for valuation.