# Cake DeFi publishes Merkle tree-based Proof of Reserves
” Cake DeFi publishes Merkle tree-based Proof of Reserves “ Singapore-based decentralized finance (DeFi) services firm, Cake DeFi, has announced the release of its Proof of Reserves using the cryptographically-audited Merkle tree method. Developed by Ralph Merkle in 1979, the Merkle tree method is a way of proving that a certain piece of data is…