A reserve number is easy to publish. But how do we know what it actually proves? This is where @primus_labs and verifiable financial data become interesting. When a stablecoin or crypto platform claims to be fully backed, seeing a number on a dashboard isn’t enough. We should be able to ask a few basic questions: → Where did the reserve data come from? → Can the information be independently verified? → Does the reported amount actually represent assets available to back the liabilities? The challenge is that not all reserve information lives onchain. Some assets may be held in exchange accounts, banks, or other financial services. This is where zkTLS can be useful. It can help create cryptographic proofs about information obtained from authenticated web services, without requiring the entire underlying data to be publicly exposed. Combined with verifiable computation, this creates an interesting possibility: financial information can be checked and verified while sensitive account details remain private. But there’s something important we shouldn’t overlook. Proof of Reserves is not the same as a full financial audit. It doesn’t automatically prove that all liabilities have been disclosed, that assets are free from restrictions, or that every customer can redeem their funds at any time. The quality of the proof depends on the data, the methodology, and what is actually being verified. Personally, I think that’s the bigger conversation we need to have in crypto. It’s not just about showing proof. It’s about understanding exactly what that proof tells us and what it doesn’t. When you see a project claiming to be fully backed, do you look beyond the reserve number?