Big Four Firm KPMG Adds Bitcoin And Ethereum To Its Treasury
According to a press release, Canadian giant Klynveld Peat Marwick Goerdeler (KPMG) has added Bitcoin and Ethereum to its balance sheet. The multinational is one of the top accounting firms in the world alongside Deloitte, PricewaterhouseCoopers (PwC), and Ernst & Young (EY). The group is known as the “Big Four” due to its relevance and […]
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In an inflationary environment, assets like Bitcoin are becoming more attractive to corporations looking to diversify their cash holdings. Big Four auditor KPMG’s Canadian operation has officially added Bitcoin (BTC) and Ether (ETH) to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets. The decision to add Bitcoin and Ether to its balance sheet reflects KPMG Canada’s belief that cryptocurrencies are a “maturing asset class,” says Benjie Thomas, a managing partner for the firm. KPMG in Canada is following in the footsteps....
The Canadian member of KPMG’s global organization of independent firms bought bitcoin through Gemini for its corporate treasury.
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and....
On September 14th, 2016, professional services firm, KPMG, announced a suite of services built around distributed ledgers and how companies can implement them into their business models. KPMG and Microsoft Partner Up to Create Blockchain Solutions. As part of this effort, KPMG will collaborate with Microsoft in a partnership they say will combine the best aspects of both firms to offer the best experience for their clients. Canadian IT advisory leader for KPMG, Yvon Audette, specified some of the parameters of the collaboration. “Through this collaboration, we are combining KPMG’s....
Global accounting firm KPMG yesterday launched a suite of tools designed to help banks and other financial services firms build with blockchain in a compliant way. A formalization of its work with distributed ledgers, the Amsterdam-based accounting firm that last year generated $24bn revenue, in turn, has expanded its partnership with Microsoft to integrate with its blockchain-as-a-service toolkit. But as KPMG just so happens to be one of the four biggest accounting firms in the world, its US and global lead for Digital Ledger Services told CoinDesk that the news is about more than simply....