Digital Assets

Our industry-specific expertise allows for customized digital assets solutions. Explore the opportunity with our professionals to properly integrate digital assets into your current systems.

How we can help

• Digital assets strategy: As the digital assets landscape evolves, it’s imperative to stay ahead and protect your organization from any risks. Let’s map to where you want to go.
• Smart contract advisory: Building a sustainable smart contract program has many moving parts. Together, we can help manage risks throughout planning, testing, coding, implementation and validation.
• Internal control advisory: Governance expectations will grow exponentially as you execute on your strategy. Understand your internal control needs.
• Internal audit: Using a forward-looking, industry-fluent approach, we can help address emerging risks, streamline business processes and strengthen internal controls.
• BSA and AML solutions: It’s imperative to perform continuous monitoring of the exposure and tracing of your digital asset transactions throughout the full financial ecosystem to understand your risk. Are you in the know?
• System and organization controls (SOC) reporting: As your digital assets exposure grows, so will the expectations of your stakeholders. As a result, your internal controls, security and processes will need to mature. We can help.
• Fraud and forensic investigations: Identify and mitigate fraud risks and investigate with an understanding of digital assets.
• Cybersecurity: Is your organization secure? Let’s work together to proactively protect and address any cybersecurity issues under the expanded scope of the digital asset ecosystem.
• Public company readiness: Whether it be through an initial public offering (IPO), special-purpose acquisition company (SPAC) or other paths to going public, we’ll navigate the risks and maximize the rewards for your digital assets organization.

With how quickly the industry is evolving, you have two choices: get on board or get left behind. Lean on our technical accounting expertise so you can focus on what really matters, shaping your business.

How we can help

• Accounting and finance services (AFS): We'll handle your back-office operations, freeing up the space for your organization to prioritize growing the business.
• CFO advisory: We’re ready to support your organization’s financial leaders, business owners and investors to meet the unique challenges and complexities of the digital assets ecosystem.

Have you considered using blockchain to record transactions? How could your business harness blockchain technology to reinvent how processes are managed and to get ahead in the marketplace?

Blockchain is a system in which a record of transactions or “blocks” are stored on a digital ledger and maintained across a global network of computers that are linked together via nodes, thus forming a “chain.” Each blockchain supports different functions and has its own protocol. Blockchains can be public, with no access restrictions, or private, limited to only invited users. Today, the two largest blockchains are the Bitcoin network and Ethereum but it's estimated that there are over 1,000 different blockchains in use.

Businesses are creating blockchains that can cut processing time and costs associated with financial transactions, supply chain management and asset tracking. Blockchains are a powerful innovation in managing transactions efficiently and accurately to ensure organizations are staying on the cutting edge.

Are you thinking about accepting cryptocurrency to expand your market and customer base? Do you know what your current exposure to cryptocurrency is?

Cryptocurrency is a tradeable digital asset/digital form of money built on blockchains. There are more than 20,000 cryptocurrencies in existence, with Bitcoin being the most popular and widely used. Forward-looking organizations are using crypto to grow their business and more quickly and securely transact.

Accepting cryptocurrency eliminates transaction processing time, can limit fraud and chargebacks and can be a tool to acquire new customers. However, it’s important to develop the right processes, in alignment with organization goals, to ensure you’re simultaneously gaining opportunity through cryptocurrency while mitigating risk.

Are you familiar with smart contracts? Did you know utilizing smart contracts can simplify business and trade between parties, sometimes without the need for a middleman?

Smart contracts are digital contracts stored on a blockchain that are automatically executed when predetermined terms and conditions are met. These contracts’ terms are written into lines of code. Smart contracts are secure, traceable, and irreversible once executed. DeFi relies heavily on these coded, self-executing smart contracts.

To get the most out of your smart contract implementation you must understand your risks, monitor results and develop and maintain your contracts securely. Learn more about smart contract advisory services.

How will decentralized finance (DeFi) affect your organization and market? How can you prepare for the changes ahead?

Decentralized finance is where financial instruments are offered without the need for intermediaries like banks or exchanges. DeFi relies on smart contracts and blockchain to remove the need for third parties and centralized institutions from financial transactions. DeFi applications allow users to borrow, lend, trade assets, trade derivatives, purchase insurance, and earn interest, among other things. Most DeFi protocols reside on Ethereum.

The innovations occurring in the DeFi space present a wide range of opportunities. DeFi could ultimately challenge the foundations of our financial markets, transforming financial service offerings. It’s imperative to prepare your organization today for the likely future changes to our financial system.