Home

Quick Links

Legal

navigation
Home > Industry > Cryptocurrency

Cryptocurrency &
Digital Assets

We are building trust for the decentralized internet.

Cryptocurrencies are the native money of the internet. They function as the currency and incentive mechanism to ensure blockchains act as intended, enabling the transfer of value in an open, borderless and immutable way.

Real-Time Attest Reporting

Real-Time Attest Reporting

Use of information technology to obtain audit evidence in real time, apply substantive testing to audit evidence, and issue real-time, independent accountants’ attest opinions on demand
TrustExplorer – Real-time Attest

TrustExplorer – Real-time Attest

Armanino’s TrustExplorer utilizes blockchain technology to provide continuous evidence collection and on-demand audit opinions, issued under the most stringent examination standards.
The Problem With ‘It’s Blockchain But Not Crypto’

The Problem With ‘It’s Blockchain But Not Crypto’

As we build our new Blockchain practice, I keep on hearing the phrase “it’s blockchain, but not cryptocurrency” in an attempt to satisfy business audiences that you are talking about something “corporate legitimate.”

Our Approach

We’re invested in BUIDLing solutions for the future. We’ve been deeply embedded in the crypto industry since 2014, and our Blockchain Lab has a well-established track record of helping crypto-native businesses navigate uncharted waters.

We partner with our clients to build new, unique solutions that cater to their needs, as well as implement best-in-industry solutions for financial statement audits with digital assets, tax strategy and compliance, outsourced accounting, ERP, IT and security audits, and more.

What We Do

We understand the unique challenges faced by crypto-native businesses, as well as those that are starting to transact in or hold crypto. Whether you’re a crypto-native project, a token issuer or a business new to transacting in crypto, Armanino offers a full range of specialized services backed by industry experts with proven track records.
Audit

Audit

Using a mix of proprietary methodology and technology, Armanino is a leading provider of financial statement audits, reviews and agreed-upon procedures that include digital assets. To support our financial statement audit testing, we host our own nodes, maintain blockchain explorers, and apply secure and reliable procedures for validating existence and rights and obligations over digital assets. Along with accessing evidence directly from blockchains, we are experimenting with new and innovative ways to optimize digital asset testing and real-time reporting applications.
Tax

Tax

Our cryptocurrency tax advisory and compliance services include: tax structuring and design for token issuers or users, tax accounting methodology review (e.g., timing of income and deductions), state and local tax considerations, and international and inter-jurisdictional tax situations (e.g., transfer pricing and tax structuring). Our experts address your key concerns and identify strategic tax-planning opportunities throughout the year—not just during tax season.
Risk Assurance and Advisory Services

Risk Assurance and Advisory Services

Trust is the critical foundation in building Web 3.0. We partner with our cryptocurrency and blockchain clients to create solutions that enhance trust and transparency.

This can include third-party assurance over organizational controls (SOC reports), unified control frameworks for security and regulatory compliance, cybersecurity program implementation and auditing, and Japanese FSA agreed-upon procedures and segregation audits, as well as bespoke solutions like Armanino’s TrustExplorer.

Consulting Services

Consulting Services

We apply our 30+ years of experience working with fast-paced startups and high-growth companies to the unique characteristics of digital assets. We assist clients with crypto-specific accounting system selection and implementation, token inventory management solutions, 409a valuations and crypto technical accounting support, as well as fully outsourced accounting and HR solutions.
TrustExplorer – Real-Time Assurance

TrustExplorer – Real-Time Assurance

TrustExplorer is an Armanino-owned and -controlled software solution that offers asset-backed token projects and their holders a new level of trust and transparency. It is the first and only solution in the marketplace offering real-time reporting for token issuers and users. Armanino’s proprietary solution does not rely on third-party blockchain data services. Instead we host and control our own public blockchain nodes to query the circulating supply of a given stablecoin every 15 seconds. The TrustExplorer system also leverages a robust REST API gateway that can support multiple financial institution connections to obtain real-time data from trust companies and banking partners. The result is a solution that breaks the mold, offering a level of transparency never before possible.



Milestones

Cryptocurrency Infographic

Our Team

Practice Leaders

Noah Buxton

Director

Jeremy Nau

Manager

Clayton Lowery

Senior Consultant


Related Experts

Resources

Crypto Tax Solutions In Light of the Recent IRS Guidance

With the IRS now fully engaged in collecting what they believe they’re owed on past, present, and future crypto transactions, it’s time to look at ways to mitigate the tax burden.

IRS Releases First Crypto Tax Guidance In 5 Years

On October 9, the IRS released tax guidance on cryptocurrency.

How to Start Using Cryptocurrency in Your Business: 10 FAQs for CFOs

Cryptocurrency is becoming more mainstream. As a CFO, how do you decide when to start using cryptocurrency in your business? What do you need to be aware of before you do? In this article, you’ll find 10 common FAQ ...

Security Token Offerings: They’re Not Just the New ICO

The paradigm-shifting value of blockchain technology and tokenization for securities will come when the tech is applied to private offerings and secondary markets.

SEC Form 10 - Overview & Filing Timeline

This filing requirement brings up a set of questions that all ICO issuers should be aware of.

Form 10 Audit Timeline

The SEC has moved forward with its review of token issuances under its jurisdiction occurring in the past few years.
Blockchain & Crypto Resource Center Thumbnail
Crypto Content library: List of articles and resources for those looking to go down the crypto and blockchain rabbit hole.

Evaluating Crypto Accounting Solutions

Armanino's practical guide helps management understand the factors that should be considered when reviewing crypto accounting solutions.

Does Your Block Need a SOC?

Blockchain technology offers individual organizations the opportunity to drastically change the way in which they trust and transact with others. Learn more in Armanino's guide to understanding the role of third-part as ...

Key Considerations for Audits with Digital Assets

Armanino's practical guide helps management understand the factors that play into audit scoping considerations, as well as provide some insight into how we audit and share best practices.

Blogs

December 11, 2019

20 Predictions for Blockchain and Crypto in 2020

We’re privileged to work day in and day out with companies and individuals on the forefront of blockchain tech and digital asset use cases. This ex...

June 24, 2019

What Libra Means for Your Business

Libra Blockchain – The Future Is Now The unveiling of Facebook’s cryptocurrency, Libra, stands tall in a line of landmark moments in the tech...

June 24, 2019

Libra Basics – What you Need to Know

A Network Effect Throughout history, money — whether it’s rare shells, gold, notes or bits of data — is only money when a network effect enables pe...

April 02, 2019

Armanino TrustExplorer: A Software Solution for the Future of Digital Assets

For some time now we have been asking ourselves, what does the future of trust and transparency look like with increased adoption of digital assets...

March 18, 2019

The Problem With ‘It’s Blockchain But Not Crypto’

As we build our new Blockchain practice, I keep on hearing the phrase “it’s blockchain, but not cryptocurrency” in an attempt to satisfy business a...

March 05, 2019

Debunking Common Misconceptions About Auditing Digital Assets

When talking with audit professionals, we have noticed a few misconceptions about auditing digital assets that are worth discussing. The most promi...

July 23, 2018

Tax Considerations for Successful ICOs

As cryptocurrency companies plan to raise capital through initial coin offerings (ICOs), it’s vital for them to evaluate the tax implications. This...

June 19, 2018

Financial Infrastructure Is Key for Cryptocurrency Company Success

As cryptocurrencies gain traction toward mainstream adoption and acceptance, companies in the cryptocurrency ecosystem must balance an influx of re...

Testimonials

 

Bitmex

The Armanino team displayed an expertise in our field and a set of unique solutions to address our needs

Mahmoud Ali

Security Assurance Lead, BitMEX

Coinme

We thought we would have to spend a lot of time explaining the intricacies of cryptocurrency to our auditors, but Armanino pleasantly surprised us. Their experts were well versed in blockchain technologies, and was able to easily navigate our complicated crypto transactions.

J.R. Willet

Advisor, CoinMe

Creator of the Initial Coin Offering (ICO)