Digital Assets
Digital Assets
Understand and mitigate your risk now. Explore your options and develop your strategy for tomorrow.
Organizations and individuals are increasingly affected by the digital assets industry. From individuals transacting with cryptocurrency to new forms of digital contracts that execute business functions, organizations need to both understand their current risks and develop their path to tomorrow’s opportunities.
Baker Tilly understands the full spectrum of the digital assets ecosystem allowing us to map your organization’s potential risk and opportunities in this ever-changing industry.
Understanding the digital assets ecosystem
The ecosystem of digital assets, with cryptocurrencies, blockchain, nonfungible token (NFT), decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and beyond, is young and developing with new ideas for use evolving each day.
At Baker Tilly, we help bridge the gap between what is happening now and what to look for tomorrow. Our professionals have experience in the digital assets ecosystem, they understand how financial organizations operate and they know how the two pieces interact. We can use our knowledge as an intersection to determine business impact, risks and opportunities.
- More than 2,500 client organizations within the financial services ecosystem
- Crypto tax instructor with CPA Academy
- Presenters on smart contracts for insurance associations including IASA, PAMIC and SIFM
We are continually monitoring developments in the industry, as well as regulatory changes from entities including:
- U.S. Securities and Exchange Commission (SEC)
- Commodity Futures Trading Commission (CFTC)
- Financial Industry Regulatory Authority (FINRA)
- Internal Revenue Service (IRS)
- Financial Crimes Enforcement Network (FinCEN)
- Consumer Financial Protection Bureau (CFPB)
- American Institute of Certified Public Accountants (AICPA)
Digital assets 101: staying up to date with industry lingo
Visit our digital assets 101 insight for easy to understand definitions of terms and acronyms.
Services for your situation now, to prepare you for tomorrow
Now
Digital assets are currently utilized in many industries today and Baker Tilly has the knowledge to integrate them properly and effectively into your current systems. Our Value Architects™ specialize in:
BSA and AML solutions
We can help you with understanding your full exposure and tracing of digital asset transactions through the full financial ecosystem.
Cybersecurity
Proactively protect and address your cybersecurity issues under the expanded scope of digital assets.
Fraud and forensic investigations
Identify and mitigate fraud risks and investigate with an understanding of the digital assets ecosystem.
Smart contract solutions
We can help you build a sustainable smart contract program. Our team can help manage risks throughout planning, testing, coding, implementation, auditing and validation.
Client accounting services (CAS)
For companies in the digital assets ecosystem we can help with your back office operations to allow you to stay on the cutting edge.
Public company readiness
We can help digital asset organizations navigate the process of going public.
Internal control advisory
Governance expectations will grow exponentially as you execute on your strategy. Understand your internal control needs.
Tomorrow
The future of digital assets is never-ending, it is shaping the financial services and investment ecosystem. Baker Tilly is working to stay ahead of the curve and is committed to helping our clients do the same. We are helping you prepare for tomorrow.
Digital assets strategy
You need to know how to protect your organization from current risks while moving forward into the evolving landscape of digital assets. We can help develop the map to where you want to go.
System and organization controls (SOC) reporting
As your involvement in digital assets grows, so too will the expectations of your stakeholders. As a result, your internal controls, security and processes will need to mature. We can help you advance your processes to meet expectations.
Strategic alliances to support your needs
Our advisors can help guide your organization through the evolving landscape and find ways you can leverage new business opportunities to grow your business in tomorrow’s world. We work with organizations to help support your needs from tracing crypto transactions to reviewing the infrastructure of your smart contracts.