The Canadian division of accounting giant KPMG has acquired an undisclosed amount of bitcoin and ether for its balance sheet. BrandyBetz reports
first allocation of crypto assetsThe privately held firm said Monday it acquired bitcoin and ether on its balance sheet through Gemini Trust Company’s execution and custody services.
The Toronto-based company established a governance committee to oversee and approve the treasury allocation, which included a risk assessment and review of the tax and accounting implications. In a press release, Kareem Sadek, advisory partner of cyprotassets and blockchain services at KPMG Canada, noted that"we've invested in a strong cryptoassets practice and we will continue to enhance and build on our capabilities across decentralized finance , non-fungible tokens and the metaverse, to name a few.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KPMG in Canada adds BTC and ETH to its corporate treasuryProfessional services firm KPMG in Canada is allocating bitcoin and ether (ETH) to its corporate treasury, according to a Monday announcement. KPMG in Canada adds cryptoassets to corporate treasury
Read more »
KPMG Canada Adds Bitcoin and Ethereum to Its Corporate TreasuryThe Canadian arm of accounting behemoth KPMG has put a portion of its treasury funds into Bitcoin and Ethereum
Read more »
Crypto, Blockchain Investment in 2021 Exceeded Previous 3 Years Combined: KPMGInvestment in crypto and blockchain hit $30 billion in 2021, more than the three previous years combined, according to a new report by KPMG. By JamieCrawleyCD
Read more »
KPMG in Canada adds BTC and ETH to its corporate treasuryProfessional services firm KPMG in Canada is allocating bitcoin and ether (ETH) to its corporate treasury, according to a Monday announcement. KPMG in Canada adds cryptoassets to corporate treasury
Read more »
KPMG Canada Adds Bitcoin and Ethereum to Its Corporate TreasuryThe Canadian arm of accounting behemoth KPMG has put a portion of its treasury funds into Bitcoin and Ethereum
Read more »
Crypto, Blockchain Investment in 2021 Exceeded Previous 3 Years Combined: KPMGInvestment in crypto and blockchain hit $30 billion in 2021, more than the three previous years combined, according to a new report by KPMG. By JamieCrawleyCD
Read more »