Bitwave’s integration marks the fulfillment of the Activation Award grant requirements from the Stellar Development Foundation
Bitwave, the leading enterprise finance platform for digital assets, is thrilled to announce the successful completion of its integration with the Stellar blockchain. This milestone marks the fulfillment of Bitwave’s commitment as part of the Activation Award grant it received from the Stellar Development Foundation earlier this year.
With this integration, finance teams leveraging the Bitwave platform can now seamlessly account for Stellar on-chain activity with automated transaction categorization and comprehensive, audit-ready financial reports. Bitwave has ensured that all Stellar token transactions are easily identifiable on the platform by appending the XLM token ticker symbol, providing users with quick and transparent access to their transaction information.
Enterprise-Grade Controls and Innovative Workflows
With the development of a high-volume indexer, Bitwave’s industry-leading platform is uniquely positioned to deliver true enterprise-grade controls for transaction data on the Stellar network. This integration supercharges accounting and finance workflows for finance teams with a range of enterprise-grade capabilities–like granular, lot-by-lot cost-basis tracking, high-volume transaction categorizations, and simplified GAAP/IFRS-compliant reporting.
Bitwave’s SOC 1 (T2) and SOC 2 (T2) compliance ensures that financial teams can confidently make faster, data-driven decisions. This integration further underscores Bitwave’s commitment to enabling enterprises with robust financial workflows for on-chain activity.
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Supporting Innovation in the Stellar Ecosystem
Bitwave is dedicated to supporting FinTech and Fortune 100 companies that drive innovation within the Stellar ecosystem. This integration will significantly benefit projects exploring a range of on-chain activities–such as tokenizing real-world assets or supporting cross-border remittances. By partnering with this active ecosystem and community, Bitwave continues to support the growth of the energy-efficient Stellar blockchain.
Amy Kalnoki, Co-Founder and COO of Bitwave, commented:
“Celebrating this collaboration with Stellar marks an exciting moment for Bitwave and the broader digital asset landscape. This integration unlocks a new opportunity for efficiency, where finance teams can access faster insights and simplified compliance. We’re thrilled to be shaping the future of finance with Stellar.”
Justin Rice, VP of Ecosystem for the Stellar Development Foundation, commented:
“This collaboration with Bitwave enhances the transparency of on-chain financial reporting, making it easier for startups and enterprises to innovate with confidence. Bitwave’s financial compliance and reporting tools empower our community with a new level of efficiency for digital assets. We’re thrilled to work together to foster an inclusive, accessible, and forward-thinking financial ecosystem.”
By providing seamless accounting automation, simplified compliance processes, and audit-ready financial reporting, Bitwave is enabling the next wave of enterprise money transfers on Stellar.
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