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Bitwave is excited to announce a landmark partnership with FV Bank, a globally regulated digital asset custodian and banking platform. This collaboration is designed to streamline and automate digital asset tax and financial reporting, establishing a new institutional benchmark for compliance and operational scalability.
Operational Innovation Meets Regulatory Excellence
As digital asset adoption accelerates, so do expectations for institutional accountability, tax transparency, and audit-readiness. FV Bank, with customers in over 70 countries and operations in one of the most stringently regulated financial environments, is taking a bold step forward to modernize its infrastructure. All without compromising efficiency.
“At FV Bank, we take pride in offering secure, compliant, and forward-thinking financial services. Partnering with Bitwave allows us to push the envelope on what’s possible with digital asset reporting efficiency with global scale,” said Miles Paschini, CEO of FV Bank.
“We’re not just solving a tax problem, we’re setting a new benchmark for operational excellence.”
By integrating Bitwave’s industry-leading financial platform, FV Bank has automated its dual-layered reporting structure, creating both client-facing tax forms (like 1099s) and detailed internal books that meet institutional audit standards.
→ More: Bitwave's Audit-Ready Subledger for Digital Assets
Addressing FBO Accounting Complexity at Scale
Custodians like FV Bank often operate under the “For the Benefit Of” (FBO) accounting model, which requires tracking of assets and liabilities at both the institution and individual customer level. Bitwave’s platform enables full automation of this structure, bringing clarity and control to a typically complex operational challenge.
“FV Bank is a true leader in operational compliance and financial innovation,” said Pat White, CEO of Bitwave.
“Their embrace of Bitwave for both internal and customer-facing reporting proves that institutions can lead the way in digital asset transparency and integrity.”
With this integration, FV Bank is now able to generate accurate, auditable gain/loss data for every client account. This removes the need for fragmented spreadsheets, manual reconciliations, and error-prone calculations, dramatically reducing operational overhead while ensuring compliance.
Driving Scalable Compliance for the Future of Finance
As global policymakers and regulators sharpen their focus on digital asset transparency, FV Bank is not waiting to react. It’s leading. This partnership represents a scalable solution that can serve as a model for neobanks, trust companies, and crypto-forward financial institutions.
Bitwave’s platform empowers enterprise finance teams to stay audit-ready, regulator-friendly, and technologically agile.
→ More: Bitwave's Audit-Ready Subledger for Digital Assets
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.
