We're thrilled to announce CipherCounts as the latest Bitwave Featured Certified Partner!
As one of the earliest and most esteemed collaborators with Bitwave, this alliance has been a cornerstone in our journey. Customers have raved about the seamless collaboration of Bitwave’s pioneering software combined with the exceptional accounting expertise of CipherCounts. Together, we’re a formidable force in the realm of digital asset finance and accounting, simplifying complexities for our clients. Our combined strengths in innovation, technology, and sector-specific knowledge empower enterprises to navigate the intricate and dynamic landscape of digital assets with unparalleled ease and efficiency.
Who is CipherCounts?
CipherCounts has emerged as a cutting-edge accounting firm within the Web3 industry, renowned for its innovative team of veteran Big 4 accounting experts and world-class technologists. This dynamic combination enables CipherCounts to be at the forefront of financial practices in the rapidly evolving Web3 space.
The team's dedication is evident as they actively participate in global hackathons and conferences, showcasing their commitment to staying ahead of industry trends. CipherCounts caters to a diverse range of clients, from nascent startups to publicly traded billion-dollar enterprises, offering custom-tailored solutions that address the unique challenges of each stage of growth.
As a team with deep expertise in the web3 space, CipherCounts has also begun delving into content creation to showcase their thought leadership on all things crypto accounting. Check out their partner course track on Bitwave University to go deeper on TradFi vs. CeFi vs. DeFi, Mining & Validators, or the basics of NFTs!
CipherCounts boasts an impressive clientele that includes some of the most influential names in the crypto world:
These partnerships highlight CipherCounts' capability to service high-profile clients and contribute significantly to the advancement of the crypto industry.
At CipherCounts, the focus is on mastering complex and emerging topics in the crypto space, building from a foundation of traditional accounting:
- Trading platforms
- DAOs (Decentralized Autonomous Organizations)
- Staking and lending mechanisms
- Multi-collateral and algorithmic stablecoins
- Rebase tokens
- Payment processors
- Validators and mining processes
- NFTs (Non-Fungible Tokens)
- Designing crypto accounting systems
- Mergers and acquisitions
- B2B systems integrations
- Crypto treasury services
This extensive expertise allows CipherCounts to navigate the intricacies of the crypto world, providing unparalleled service to its clients.
Bitwave Use Cases and Contributions
CipherCounts' collaboration with Bitwave has been instrumental in shaping the latter's product offerings. Noteworthy contributions include:
- Contributed to Bitwave's core product development.
- Spearheaded Bitwave’s Netsuite integration.
- Designed, instructed, and launched Bitwave University’s flagship partner-created courses.
CipherCounts has also been pivotal in designing frameworks for crypto accounting practices and advising on deep technical topics, involving:
- Development of accounting protocols for complex DeFi products.
- Support in the design of one of the first algorithmic stablecoins and EIP-1559.
- Assistance in launching pioneering DAOs and social token platforms, notably Collab.Land’s DAO Co-ops.
- Collective experience in supporting hundreds of successful funding rounds
Why CipherCounts Chose Bitwave
CipherCounts' partnership with Bitwave is built on a foundation of mutual respect and shared values. The reasons for choosing Bitwave include:
- Detailed focus on accuracy and quality of valuations, particularly in exchange settlements.
- Bitwave’s achievement in obtaining their SOC 1 and 2 audits, a first in the industry.
- Confidence in Bitwave's data integrity, which stood out among over 20 other platforms tested.
- Rules-based system for enterprise-level automation and comprehensive blockchain support.
- Competitive pricing paired with exceptional customer support, a stark contrast to experiences with other software.
- Ethical business practices, transparency, and a commitment to truthfulness, setting Bitwave apart in an industry where integrity is paramount.
Through Bitwave, CipherCounts has been able to scale its services efficiently, providing affordable options to startups while saving considerable labor hours for larger organizations. Bitwave’s platform has been vital in saving clients significant amounts in accounting fees.
Interested in CipherCount’s crypto financial solutions?
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.