Verady and Digital Asset Research Partner to Provide Institutional Crypto Asset Financial Reporting

By AIT News Desk On Nov 6, 2020

Verady, maker of the Ledgible cryptocurrency tax, accounting, and financial reporting platform, announced a partnership with Digital Asset Research (DAR), the leading cryptoasset data and analytics firm. DAR is the preferred source for institutional level pricing for cryptocurrency market values and will be fully available in Verady’s Ledgibleplatform for tax, business accounting, and financial reporting. The valuation of cryptoassets can have a significant impact on portfolio accounting and taxes.

“There are few standards for cryptoasset prices, so we are partnering with Digital Asset Research who clearly leads the market in assessing digital currencies and assets and offers clean prices for our Ledgible clients with institutional requirements,” said Kell Canty, CEO of Verady. “By offering options to our clients, we can give them more ways of finding value and accurately complete the short and long term cryptocurrency activity for the taxpayer.”

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DAR provides comprehensive data and research in the digital asset space for institutional market participants with clean crypto prices, market data and independent research. The company offers clean and reliable data through its vetting of assets and exchanges and in-depth analysis on technology, security and market structure.

“Our fundamental understanding of cryptoassets and history in financial markets provides institutional rigor to the cryptocurrency market. Our comprehensive vetting methodologies allow us to identify economic trading between real buyers and sellers in this market in order to accurately price these assets,” said Erin Friez, COO and General Counsel with Digital Asset Research. “Working with Verady and their Ledgible platform brings our pricing and data to customers who need a way to account for their cryptoassets.”