ATLANTA, Oct. 3, 2024
/PRNewswire/ -- As the digital asset landscape continues to
expand, the demand for reliable and efficient data solutions has
never been more pressing. Recognizing this need, Tetra Trust,
Canada's first and only qualified
custodian for digital assets, has turned to Ledgible, a leading
digital asset tax and accounting platform, to further enhance their
digital asset reconciliation processes.
Ledgible provides a comprehensive platform that enables
institutions to integrate digital assets into their existing
accounting systems seamlessly. With advanced capabilities such as
transaction tracking, balance reconciliation, and staking reward
management, Ledgible ensures that organizations maintain accurate
and compliant financial records. "This makes Ledgible the preferred
choice for enterprises looking to streamline their digital asset
operations," says Ledgible CEO, Kell Canty.
Tetra Trust: Securing Digital Assets
Tetra Trust, a pioneer in digital asset custody in Canada, provides secure and compliant
custodial services tailored to institutional clients. With a strong
focus on regulatory compliance and security, Tetra Trust has become
a trusted name for institutions managing digital assets. To ensure
the integrity of its custodial services, Tetra Trust continuously
seeks innovative solutions to improve its internal operations.
Tetra Trust Adopts Ledgible to Enhance their Data
Offerings
By working with Ledgible, Tetra Trust gains access to a powerful
platform capable of addressing their complex reconciliation and
data needs. This integration enables Tetra Trust to perform
seamless balance reconciliation across its internal data, ensuring
accurate cross-checking and confirmation of all digital asset
transactions. In a space where trust and transparency are
paramount, having accurate, SOC certified data on hand is essential
for Tetra Trust to maintain its standing as a secure and reliable
custodian.
Additionally, as the digital asset industry continues to adopt
staking, Ledgible's platform offers comprehensive tools for
managing staking activities, including the ability to track and
account for ETH staking rewards. This feature is
particularly valuable to Tetra Trust, as it allows them to provide
accurate, up-to-date reporting on staking rewards to clients and
regulators, reducing the complexities associated with staking data
management.
In addition to its core accounting and reconciliation features,
Ledgible also integrates with Ledger Enterprise. This integration
allows Tetra Trust to retrieve vital data directly from their
Ledger Enterprise account through Ledgible's API, enabling
automated and reliable data reconciliation with their custody
services. The efficiency gained through this integration minimizes
manual processes, enhances data accuracy, and bolsters the overall
security of Tetra Trust's operations.
Driving the Future of Crypto Accounting
By leveraging Ledgible's platform, Tetra Trust can enhance its
efficiency and ability to manage and reconcile digital assets,
strengthening its internal processes while ensuring that client
accounts are both accurate and compliant with the highest industry
standards.
This partnership reflects the growing need for trusted solutions
in the digital asset space and highlights the importance of
reliable accounting and reconciliation processes in building a
strong digital asset ecosystem. As institutional interest in
digital assets grows, solutions like Ledgible will continue to play
a vital role in supporting custodians like Tetra Trust in
navigating the complexities of crypto accounting and
staking management.
About Ledgible
The Ledgible platform is built from the ground up to
streamline digital asset tax information reporting and compliance.
Ledgible ensures compliance for digital assets for some of the
largest financial institutions in the world, including top 5 US
banks, investment firms with $1B+ AUM, and top 10
crypto exchanges. As a SOC 1 & 2 Type 2 Certified
platform, Ledgible is the trusted provider of choice for compliance
and Form 1099 generation.
Contact:
Jan Jahosky
407-331-4699
384006@email4pr.com
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SOURCE Ledgible