A Proof of Reserves attestation is a process whereby an independent public accountant, Armanino, reviews Ledn's client savings asset balances, loan collateral balances, and loan balances at a point in time to ensure that the company is accurately accounting for those assets. We plan for these procedures to be conducted semi-annually.
Ledn provides anonymized hashed IDs in the place of personal client information. This allows Armanino to produce individually verifiable proofs for each Ledn account balance without ever having access to any sensitive personal information, thereby protecting client confidentiality.