As the digital asset landscape evolves, the demand for efficient data solutions has never been more “pressing.”
Realizing this key requirement, Tetra Trust, Canada‘s qualified custodian for digital assets, has turned to Ledgible, a digital asset tax and accounting platform, to enhance their crypto-assets reconciliation processes.
Ledgible provides a platform that enables institutions to integrate digital assets into their accounting systems.
With capabilities like transaction tracking, balance reconciliation, and staking reward management, Ledgible ensures that organizations maintain accurate financial records.
Ledgible CEO, Kell Canty said that this makes Ledgible the choice for enterprises aiming to enhance their digital asset operations.
Tetra Trust, a key player focused on digital asset custody in Canada, provides secure custodial services tailored to institutions.
With a focus on compliance, Tetra Trust claims it has become a recognized name for institutions managing digital assets.
To ensure the integrity of its custodial services, Tetra Trust seeks solutions to improve its internal operations.
By working with Ledgible, Tetra Trust gains access to a platform capable of addressing their reconciliation and data needs.
This enables Tetra Trust to perform balance reconciliation across its internal data, ensuring cross-checking and confirmation of digital asset transactions.
Additionally, Ledgible’s platform offers tools for managing staking activities, including the ability to track and account for ETH staking rewards.
This feature is valuable to Tetra Trust, as it allows them to provide up-to-date reporting on staking rewards, thus reducing the complexities associated with staking data management.
Ledgible also integrates with Ledger Enterprise.
This allows Tetra Trust to retrieve data from their Ledger Enterprise account via Ledgible’s API, enabling automated data reconciliation with their custody services.
The efficiency gained via this approach minimizes manual processes, enhances data accuracy, and enhances the security of Tetra Trust’s operations.
By suing Ledgible’s platform, Tetra Trust can boost its efficiency and ability to manage / reconcile digital assets.
This collaboration reflects the need for reliable solutions in the digital asset space and highlights the significance of proper accounting and reconciliation processes in building a solid digital asset ecosystem.
Solutions such as Ledgible will continue to serve a key role in supporting custodians such as Tetra Trust in addressing the various complexities of crypto accounting and staking management.
The Ledgible platform is built from to streamline digital asset tax information reporting and compliance.
Ledgible ensures compliance for digital assets for financial institutions such as major US banks, investment firms with $1B+ AUM, and large crypto exchanges.
As a SOC 1 & 2 Type 2 Certified platform, Ledgible is the provider for compliance and Form 1099 generation.
