Crypto assets defy traditional accounting rules, posing huge risks for auditors and fund managers. Ganna Vitko breaks down U.S. vs EU trends.
The company's platform tracks digital assets, storage locations and crypto loans, enabling financial institutions and corporations to produce accounting records and financial reports.
Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital.
From the debanking crisis to the SEC's crypto accounting standards, the blockade between the digital assets sector and banks may be an easy target.
In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission's (SEC) crypto accounting policy.
TRES currently services clients with combined assets worth $19 billion, helping them manage, monitor and reconcile their digital asset activity across over 100 layer-1 and layer 2-blockchain networks
The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let corporations recognize "fair value" changes in crypto holdings.