Cryptoworth

"The truth is in the data. Every crypto transaction holds hidden optimization potential if analyzed correctly." Georg Brameshuber 🧢 is a certified tax advisor, Web3 entrepreneur, and crypto compliance expert with over five years of experience in researching and teaching crypto economics at the Institute for Financial Law in Vienna. Georg leads Validvent's efforts in delivering cutting-edge tax advisory and crypto accounting solutions for Web3-native entities. Sign up to hear his expert insights into KYC, AML, and his thoughts on blockchain data management next Wednesday. https://lnkd.in/dkwwZYFB

An amazing kickoff to Messari's Mainnet 2024 at our CFO Breakfast yesterday! Good food, good people, even greater vibes. Our panel discussion was led by Richard Pasquin of Cryptoworth and featured a stellar lineup: Atikh Bana from Acctual, Jennifer Greenberg from Rain, industry thought leader David Byrd from EY, and Zachary Gordon, CPA from Red Five. The conversations were jam-packed with an array of topics, including innovations in stablecoins, the latest regulatory shifts, accounting strategies, and the worldwide impact of stablecoins, shedding light on trends shaping the future of our industry. Thank you to all the brilliant attendees, our speakers, and co-hosts Cryptoworth and Rain for creating a remarkable space. If you couldn't attend, we'd love to connect. Reach out via DM or stop by the office for coffee.

Crypto investors have been grappling with outdated and unfair tax regulations for too long. It’s time for a change. Andrew Gordon, CPA, has been championing crypto tax reform for over a decade, and his vision is simple: fairness and clarity. The current system is confusing and penalizes everyday users. That’s why He is advocating for essential reforms that level the playing field. One key proposal is the de minimis exemption, which would eliminate taxes on small crypto transactions, simplifying reporting for daily purchases. Another vital change is ensuring wash sale rules don’t apply to cryptocurrencies, allowing investors to manage portfolios without fear of undue penalties. The future of crypto taxation should reflect the innovative nature of this space, supporting growth while ensuring compliance. Join the movement by reading our full article and help spread the word! https://lnkd.in/d43BBKAT Contact us or Andrew Gordon today to get involved in advocating for a fairer tax system for all crypto investors.

Join EY’s Cody Peterson, CPA in this upcoming webinar as he reveals how auditors evaluate the security of crypto assets, including key management, multi-signature wallets, and blockchain reconciliation. Date: October 2nd Time: 9am PST / 12am EST / 4pm UTC Sign up now to understand how digital asset audits are conducted!

Yesterday's morning’s CFO Breakfast at Mainnet 2024 was a fantastic success! We had the privilege of hosting a deserved discussion on ASU 2023-08 and the rise of stablecoin with David Byrd from EY and Zachary Gordon, CPA from RedFive. These conversations highlighted the opportunities and challenges CFOs face in navigating digital assets. A huge thank you to everyone who attended and contributed to making this event a standout conference moment. And to our co-hosts Acctual and Rain thanks a lot. For those who couldn’t attend, we’d love to connect. Feel free to reach out via DM or find us today for the last day of Mainnet to continue the conversation! Atikh Bana, Mohamedeq M. Jennifer Greenberg Charles Naut Farooq M.

One thing is clear: data is the cornerstone of effective compliance. To explore this crucial topic, we’ve invited Georg Brameshuber 🧢 from Validvent to join us for a deep dive into how data can reshape crypto compliance. In Web3, every transaction, token, and interaction generates data. But not all of it is useful. The challenge is sifting through immense amounts of blockchain data and extracting what's needed to meet compliance requirements without overwhelming the process. In this conversation, we explore how companies turn data into a strategic asset. The goal is broader than just KYC and AML. Building a compliance system that works across the entire Web3 ecosystem—from tax reporting and regulatory audits to cross-border transactions—is key. Georg discusses how integrating smart contracts, real-time transaction tracking, and advanced analytics can keep businesses compliant while reducing costs and manual errors. At Cryptoworth, we believe that the way businesses manage and utilize data will define the future of regulatory adherence in Web3. With regulations like MiCA and increasing global scrutiny, crypto businesses must lead the way in shaping the future of digital asset regulation. Don’t miss this insightful conversation on how data-driven compliance is paving the way.

I’m happy to share that I’m starting a new position as a Senior Software Engineer at Cryptoworth!

How is tokenization reshaping finance? "We are still in the early stages of tokenization, but the potential is massive," said Hristo Piyankov 📶 Tokenomics. Sabrina B. added, "We already see market traction in tokenized real estate with over 500 properties tokenized." In case you missed it last week, we discussed how tokenizing RWA improves liquidity and accessibility for investors and businesses. These 3 experts explored both regulatory and technological challenges. Watch the full discussion to understand how to ensure compliance and capitalize on tokenization opportunities. https://lnkd.in/dTxbtg8D

In early September, I run a market research piece on the core players building the crypto back-office for finance teams in 2024. The month has just finished and I had to update the landscape snapshot with 5% more companies. 💥 Here is the full list (no tags to avoid Algorithm slashing) #GeneralLedgers #ERP   - QuickBooks   - PennyLane   - NetSuite   - Odoo   - Sage   - Xero   - Zoho   - SAP #FMVData   - Coinmarketcap   - CryptoCompare   - CoinGecko   - Kaiko   - Lukka   - Nval #BlockExplorers   - Blockchain.info   - BlockExplorer   - Protocol Scout   - Bitcoin Chain   - BlockScout   - BlockChair   - EtherScan #Academy   - Accountant Quits   - ChainWise #Web3Communities   - Women in Crypto Accounting   - Web3Finance   - CryptoCFO #Web3Custody   - Bitcoin Suisse   - Fireblocks   - Anchorage   - Fortuna   - Sygnum   - Copper   - Circle   - Nydig   - Paxos   - Bakkt   - Qredo #CryptoPayments #ARAP   - CoinPayments   - Loop Crypto   - CoinGate   - CopperX   - Request   - Acctual   - BitPay #CryptoCards   - Headquarters   - AirWallex  - Navan   - Reap   - Rain #OnChainData   - Zapper   - DeBank   - Noves   - Cielo   - Rotki   - Dune #Payroll   - BitWage   - Franklin   - Niural   - TOKU   - Rise #TaxCalculators   - Cryptobooks   - Cointracker   - CoinPanda   - Token Tax   - ZenLedger   - Koinly   - KoinX PS: Are there any I am still forgetting to add? PS2: I thought to wait 12 months for the next, but do you think I should do it every quarter?

Ever wondered what’s going on behind the scenes in crypto? We’re not talking about the flashy headlines or the latest token drop—this is about the engine room where all the financial operations of Web3 are kept in motion. The State of Crypto Back Office 2024 report reveals an industry that’s quietly transforming, driven by companies innovating across accounting, compliance, and financial management. The spoiler: These companies are reshaping financial services from the ground up, but the race to stay compliant, accurate, and relevant is steep. Companies in 2024 are building the backbone of the digital asset ecosystem, laying the foundation for the future. From sub-ledgers designed to track intricate DeFi transactions, to block explorers ensuring data transparency, the crypto back office is growing, and the leaders in this space are the ones that can stay nimble and innovative. But there’s a catch. Crypto accounting is as boring as you assume. The challenges are steep: ensuring complete, accurate data, navigating regulatory complexity, and translating blockchain transactions into financial reports that make sense. It’s a tough job. But there are many projects working to crack the code, and get thoserewards that are immense. The demand for specialized solutions is surging—firms offering seamless integration and accurate, real-time financial insights are set to capture a significant share of the market. In this world, sub-ledgers like Cryptoworth’s are redefining what’s possible for accountants, offering unparalleled depth in data collection and ensuring rock-solid accuracy for audit preparation. Traditional accounting firms are quickly realizing they need to step up their game, or risk getting left behind. It’s not just about managing assets—it’s about mastering the tools and strategies that will define the future of financial reporting in a crypto-dominated world. Ready to dive in? The crypto back office isn’t glamorous, but it’s essential to the success of a robust web3 future. And if you’re not paying attention now, you might miss the companies quietly building that future. Special thanks to our main contributors for this 2024 edition: Charles Naut @ Rain Mike Krupin @ Blockscout 🔭 Austin Weaver @ Rise Umar Mallam Hassam @ The Accountant Quits Ben Roy @ Noves Joe McKenzie r3gen finance Jeff Cangialosi @ Loop Crypto Patrick M. @ Crypto Tax Calculator