Bitwave
Bitwave provides a digital asset finance platform for enterprises, offering features like cryptocurrency tax, accounting, compliance, and integration with over 50 blockchains.
Services
Bitwave provides a comprehensive digital asset finance platform that caters specifically to enterprise needs. Its services include crypto accounting, crypto bookkeeping, reporting + APIs, impairment configurations, crypto tax tracking, B2B crypto payments, and a dedicated crypto subledger. The platform's features support automated accounting workflows, smart transaction categorization, internal transfer detection, and flexible digital asset impairment setups. Additionally, Bitwave enables enterprises to generate GAAP/IFRS-compliant financial reports across all subsidiaries and currencies.
Products
Bitwave offers a range of products aimed at managing various aspects of digital assets. These include NFTs, staking solutions, crypto accounting tools, crypto bookkeeping services, reporting and APIs, impairment management, a crypto tax tracker, and B2B crypto payment solutions. One of its key offerings is the crypto subledger, capable of handling tens of millions of transactions per month and supporting full customization of sub-ledger roll-ups. The platform also supports different cost basis methods like FIFO, LIFO, and specific identification for tax optimization.
Integration with Blockchains and Leading Accounting Systems
Bitwave supports integration with over 50 blockchains and allows direct ledger posting, making it highly versatile for various digital asset operations. Furthermore, Bitwave is compatible with leading accounting systems, including QuickBooks, NetSuite, Sage Intacct, and Xero. This broad integration capability ensures seamless operations for enterprises using multiple financial and accounting platforms.
Digital Asset Maturity Model
Bitwave offers a Digital Asset Maturity Model designed to guide enterprises through the adoption and expansion phases of digital asset use. This model helps organizations understand their current position in the digital asset lifecycle and identify actionable steps towards achieving higher maturity and efficiency in managing digital assets.
Compliance and Reporting
Bitwave enables enterprises to maintain compliance with financial regulations by generating GAAP/IFRS-compliant financial reports. The platform supports comprehensive reporting across all subsidiaries and currencies, ensuring that enterprises can meet stringent compliance requirements. Additionally, Bitwave's crypto tax tracker offers a variety of cost basis methods, including FIFO, LIFO, and specific identification, to optimize tax reporting and compliance.