Crypto giants Ledgible and BitGo join forces to provide comprehensive tax compliance solutions for institutional crypto clients, facilitating seamless tax management in the digital currency sphere.
In a significant move to support the growing digital asset industry, BitGo, a leading digital asset solutions provider, has partnered with Ledgible, a specialist in digital asset tax and accounting services. This partnership aims to provide best-in-class tax reporting and compliance solutions for digital asset institutions [1][2][3].
Streamlining Digital Asset Tax Compliance
The partnership between BitGo and Ledgible equips BitGo's institutional clients with integrated tax and accounting solutions that meet today's compliance standards and scale with tomorrow's innovation. BitGo customers can now integrate tax workflows into their existing operations using Ledgible's integrations and API infrastructure [1].
Chen Fang, Chief Revenue Officer at BitGo, stated, "This partnership equips our clients with end-to-end tax lifecycle support, including seamless 1099 compliance in the U.S." [1]
End-to-End Tax Lifecycle Support
Ledgible specializes in digital asset tax and accounting services tailored for enterprises, fund managers, and financial institutions. With this partnership, BitGo clients can benefit from Ledgible's expertise in simplifying complexities in digital asset tax compliance, allowing them to focus more on innovation and growth [1].
Kell Canty, CEO of Ledgible, emphasized that tax compliance has become a core component of the digital asset ecosystem, not just a post-trade afterthought. He stated, "This partnership ensures a smooth path from custody to compliant tax reporting" [1].
A More Complete Digital Asset Infrastructure
This integration represents a significant enhancement to BitGo’s offerings by rounding out custody and asset security services with comprehensive compliance and reporting tools mandated in institutional digital asset management [1][3]. Ledgible ensures visibility and compliance across the full digital asset lifecycle, whether clients are managing staking, trading, or custody.
Together, BitGo and Ledgible are building a more complete digital asset infrastructure, one that is secure, scalable, and ready for regulatory scrutiny. The partnership reinforces BitGo's commitment to helping institutions navigate complex regulatory requirements without slowing down growth or operational agility.
In conclusion, the collaboration between BitGo and Ledgible brings tax reporting and compliance solutions to BitGo clients, ensuring a seamless path from secure custody to compliant tax reporting. Ledgible's solutions are built to meet the demands of enterprises, fund managers, and financial institutions, making this partnership a significant step forward in the evolution of the digital asset industry.
[1] Ledgible Press Release, BitGo and Ledgible Partner to Provide Best-in-Class Tax Reporting and Compliance Solutions for Digital Asset Institutions
[2] BitGo Blog, BitGo Announces Partnership with Ledgible to Simplify Digital Asset Tax Compliance
[3] Ledgible Blog, BitGo Partners with Ledgible to Simplify Digital Asset Tax Compliance
The partnership between BitGo and Ledgible equips clients with integrated tax and accounting solutions from a leading digital asset solutions provider (BitGo), focusing on the digital asset industry (digital assets). This cooperation aims to provide best-in-class tax reporting and compliance solutions for digital asset institutions (BitGo's institutional clients).
Ledgible, a specialist in digital asset tax and accounting services, offers solutions tailored for enterprises, fund managers, and financial institutions (Ledgible's expertise in simplifying complexities in digital asset tax compliance). With this partnership, BitGo clients can benefit from Ledgible's services, improving their focus on innovation and growth.
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