If accounting standards are still playing catch up with digital assets, bookkeeping can nonetheless be done right.
But tracking and extracting onchain data for accounting is a tedious task - it’s time consuming and bridging that data to an accounting software can be daunting for accountants.
One company that wants to automate digital assets bookkeeping is Cryptio.
Cryptio allows you to convert the blockchain transactions from wallets, exchanges, and custodians into your accounting software to facilitate your reporting, audits and tax filings.
On Episode 26, I speak to Antoine Scalia, the founder of Cryptio.
Antoine and his team can be proud to have already put Cryptio on the map as the industry benchmark for digital assets bookkeeping, working with leading blockchain projects such as Cardano, Solana, Consensys, Aave and a lot more.
Shownotes;
[3:41] Bottlenecks for tracking and reporting digital assets
[6:54] How Cryptio reconciles crypto onchain data
[13:38] Automation of bookkeeping with Cryptio
[21:45] Challenges with mapping DeFi transactions
[30:22] Also an auditing tool
[33:49] Bookkeeping for DAOs where 100% of transactions are on-chain
[38:17] Partnerships with other web3 companies
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