HomeCoinsEthereum (ETH)KPMG in Canada adds BTC and ETH to its corporate treasury

KPMG in Canada adds BTC and ETH to its corporate treasury

- Advertisement -


advertisement

KPMG in Canada adds BTC and ETH to its corporate treasury

Professional services firm KPMG in Canada is allocating bitcoin and ether (ETH) to its corporate treasury, according to a Monday announcement. 

“Cryptoassets are a maturing asset class,” Benjie Thomas, the firm’s Canadian managing partner for advisory services said in a statement. “This investment reflects our belief that institutional adoption of cryptoassets and blockchain technology will continue to grow and become a regular part of the asset mix,” he said.

KPMG acquired Bitcoin and Ethereum on its balance sheet through Gemini, with the two companies exchanging a brief interaction on Twitter this morning.

The firm is also adding carbon offsets to maintain a net-zero carbon transaction to deliver on their ESG commitments, according to the statement.

The firm established a governance committee with stakeholders from Finance, Risk Management, Advisory, and Audit and Tax to provide oversight and approve the treasury allocation. Specialists also assessed the tax and accounting implications of the transaction. 

That KPMG in Canada would move in this direction is perhaps unsurprising, given its suite of crypto-related advisory services. 

“The cryptoasset industry continues to grow and mature and it needs to be considered by financial services and institutional investors,” said Kareem Sadek, KPMG in Canada’s cryptoassets and blockchain services co-leader. “We’ve invested in a strong cryptoassets practice and we will continue to enhance and build on our capabilities across Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs) and the Metaverse, to name a few. We expect to see a lot of growth in these areas in the years to come.”

Trending Stories





Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,583FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 44,196.00
ethereum
Ethereum (ETH) $ 3,159.10
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 340.29
litecoin
Litecoin (LTC) $ 137.21
eos
EOS (EOS) $ 2.65
okb
OKB (OKB) $ 23.04
tezos
Tezos (XTZ) $ 4.11
leo-token
LEO Token (LEO) $ 4.96
cardano
Cardano (ADA) $ 1.19
monero
Monero (XMR) $ 183.01
stellar
Stellar (XLM) $ 0.23687
chainlink
Chainlink (LINK) $ 19.21
huobi-token
Huobi Token (HT) $ 10.13
tron
TRON (TRX) $ 0.068767
usd-coin
USD Coin (USDC) $ 0.999671
dash
Dash (DASH) $ 116.18
neo
NEO (NEO) $ 23.59
iota
IOTA (MIOTA) $ 1.00
nem
NEM (XEM) $ 0.117729
zcash
Zcash (ZEC) $ 127.88
maker
Maker (MKR) $ 2,250.78
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 32.97
vechain
VeChain (VET) $ 0.06569
true-usd
TrueUSD (TUSD) $ 0.999627
ftx-token
FTX Token (FTT) $ 48.11
kucoin-shares
KuCoin Token (KCS) $ 20.63
waves
Waves (WAVES) $ 11.32