SoftLedger recently joined Crypto Accounting Group and CAVU Securities to launch the The Digital Asset Accounting Coalition (DAAC). The Digital Asset Accounting Coalition (DAAC) is an industry group interested in improving the accuracy and efficiency of financial reporting through the development of a standard schema for digital asset accounting data.
This schema is for any organization (or related protocol) in the digital asset industry that generates or ingests financial transactions. This includes but is not exclusive to exchanges, software developers, foundations, custodians, miners, node operators, marketplaces, accounting subledgers, and tax software providers.
Per Crypto Accounting Group, “We aim to set new standards in digital asset accounting that will simplify and increase efficiencies in crypto accounting.“
Ben Taylor, CEO and Co-Founder at SoftLedger, goes onto to add “This coalition is focused on simplifying digital asset accounting, starting with the creation of a standard accounting data schema. We see this as a key missing component of the current process of standardizing and reporting on digital asset activity.“
DAAC members will be attending the DC Blockchain Summit on May 15th and Consensus May 29th–31st. If you’re interested in learning more or getting involved, please email info@daac.network.
About the Digital Asset Accounting Coalition
Founded in April 2024, the Digital Asset Accounting Coalition (DAAC) facilitates accurate and efficient financial reporting in the rapidly growing digital asset ecosystem.
The Digital Asset Accounting Coalition (DAAC) is an industry group interested in improving the accuracy and efficiency of financial reporting through the development of a standard schema for digital asset accounting data. Visit daac.network and follow DAAC on LinkedIn.
