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Description:
Bitwave is a SaaS firm that helps all companies that interact with digital simplify their accounting and taxes. Bitwave is the first digital asset finance platform designed specifically to manage the intersection of cryptocurrency tax, accounting, and compliance for enterprise adoption.
Differentiator:
Bitwave combines tax and accounting capabilities with workflow and process expertise, allowing enterprises to survive and thrive in the DeFi market. Bitwave solutions report accurate P&L statements by properly reflecting staking by treating transactions as capital transfers into liquidity pools, rather than as cash disposits combined with an acquisition of tokens.
Opportunity:
Institutions that want digital assets on their balance sheet need a means to accurately account for their holdings in order to have end of year audited financial statements for their stakeholders. Bitwave has created easy-to-use solutions that provide corporation decision makers with the opportunity for digital asset allocation. The company streamlines back-office operations with out-of-the-box features that integrate into existing accounting solutions.
Customers:
Bitwave’s customers include, miners, such as Greenidge Power and Core Scientific, DeFi market makers, such as Opyn, and NFT issuers, such as Stoner Cats.
Team:
CEO Pat White is an experienced software leader and repeat founder who sold his startup Synata to Cisco in 2016. COO Amy Kalnoki is an experienced sales leader from technology firms including Cisco.
Learn more on this Base Layer episode, Pat White and Amy Kalnoki from Bitwave: Helping to Understand Tax in DeFi.
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