Odaily — On November 10, Gate Founder and CEO Dr. Han was invited to attend the Digital Asset Summit (DAS) 2026 London in the United Kingdom, where he delivered a keynote address titled "Internet Cash Has No Undo Button: Why Exchanges Must Prove Security, Not Just Reserves," sharing his insights on the development of crypto finance, digital asset security challenges, and exchange security verification systems.
In his speech, Dr. Han opened with the historical story of the Bank of England's vaults, noting that crypto technology is driving global capital flows beyond traditional financial boundaries, with stablecoins, RWA, and on-chain payments accelerating in adoption. However, the irreversibility of transactions and AI-driven cyberattacks are also imposing higher demands on asset security. He emphasized that while breaking financial boundaries, it is even more critical to fortify security foundations. Exchanges must not only prove sufficient reserves but also verify asset coverage capacity under extreme risk scenarios.
Centered on this philosophy, Dr. Han introduced Gate's Proof of Reserves (PoR) and Proof of Security (PoSEC) systems. Data shows that Gate's reserve ratio stands at 118.49%, with PoSEC cold storage coverage at 104.58%. He pointed out that verifiable security capabilities are an essential foundation for digital finance to build long-term trust and move toward widespread adoption. Going forward, Gate will continue to drive the upgrading of digital asset security standards, safeguarding global financial innovation through technological advancement and a verifiable security framework.
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