Verady, the leading cryptocurrency tax and accounting software company, announced two major Ledgible platform clients, Blockchain.com and Algorand. The accelerated adoption by two prominent blockchain organizations highlights the Ledgible platform’s adaptability, security, and trusted brand within the cryptocurrency space. Ledgible adds a necessary financial infrastructure component to both organizations as they expand their offerings.
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Blockchain.com, who has over 48 million wallet users and an exchange providing best-in-class trading capabilities, will benefit from the integration by incorporating Ledgible’s institutional grade reporting internally.
Algorand, a next-generation blockchain platform that enables the frictionless exchange of value, will leverage Ledgible for internal accounting and auditing. In addition, Ledgible will be integrating ALGO into its software, so that all holders of the native token of the Algorand platform (managed by the Algorand Foundation) will have integrated accounting. This expands the growing suite of digital financial products and services that are available to Algorand users.
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Algorand’s next-generation blockchain technology is already breaking new ground with notable applications like the world’s first central bank digital currency. Ledgible’s integration for institutional level financial management and reporting helps to further innovations like these that advance the crypto industry as a whole.
New product and service offerings, like Ledgible’s professional-grade accounting can leverage blockchain technology to spur mainstream adoption. As these solutions become more widely available and accessible, they will become as familiar as traditional financial solutions.
With Ledgible’s ability to perform AICPA SOC assured tax, accounting, and reporting of cryptocurrency activity, Blockchain.com and Algorand now have reliable, secure insight into their crypto financial transactions.
“As one of the oldest crypto companies and one of the largest crypto exchanges — with more than 48 million wallets in 140 countries with over 100 million transactions to date — our accounting needs are immense,” said a spokesperson for Blockchain.com. “With Ledgible, we’ve found a platform that meets our institutional standards and brings best-in-class speed to our financial reporting and tracking.”
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