Temple using Bitwave with certified accounting partner Chainbridge Revolutionizing Digital Asset Accounting on the Canton Network
Revolutionizing Digital Asset Accounting on the Canton Network
Learn how Temple transformed a highly complex, multi-stream Canton Network revenue environment into clean, automated reporting powered by Bitwave’s Canton-native subledger capabilities with the help of Chainbridge, a Bitwave Certified Partner.
Case Study
Temple is an emerging participant on the Canton Network ecosystem with multiple on-chain revenue streams and high-frequency transactional activity. As the team scaled their operations, they recognized the need for a robust accounting foundation capable of handling Canton’s unique transaction architecture.
When Temple signed up for Bitwave, they immediately sought a specialized accounting partner capable of operationalizing Bitwave’s powerful data enrichment and automation capabilities. Chainbridge stepped in to manage the accounting workflow, delivering complete monthly financials within days of the month-end.
Managing Massive Transaction Volume on Canton
Canton Network architecture is unique. What looks like a single business event, such as a revenue payment, can result in hundreds, thousands, or even millions of transactions.
A single wallet may generate transactions from multiple revenue sources, including validator rewards, featured app rewards, business/operational fees streaming into the validator address, and multiple expense categories.
Every one of these required precise segregation and accounting treatment.
For organizations processing only a few dozen monthly transactions, this complexity would not demand deep infrastructure. But on Canton, high-volume environments are the norm. Without automation and data enrichment, month-end close becomes unmanageable.
Temple faced the full array of Canton Network accounting complexity: multiple revenue streams, highly granular transaction-level activity, need for proper treatment across inflows and outflows, all in tension with a need to close books quickly and accurately.
Streamlining Cryptocurrency Transaction Management
Bitwave: The Only Canton-Native Subledger
Bitwave is the only subledger integrated directly with Canton Network. This delivers a major advantage: transaction data enters the system pre-enriched with metadata describing what type of transaction it is and where it originated. Data is clean before it ever reaches reporting workflows.
This “metadata first” approach is the cornerstone of Temple’s accounting system.
Metadata Tagging → Rollups → Automated Categorization:
Because Bitwave tags Canton transactions with revenue-stream metadata on ingestion, Temple gains
Highly accurate rollups, flexible enough to differentiate between featured app rewards or validator rewards only, while keeping individual streams separate
Automated categorization rules providing consistent, rules-based mapping to GL accounts
Daily summarized entries reducing millions of transactions to tens of thousands—or thousands—without losing accounting fidelity.
This transforms unmanageable raw data into a clean, one-per-day categorized journal entry.
Bitwave’s platform provides the automation, but we still need accountants! Chainbridge provides the expertise to configure it for a complex Canton Coins revenue.
Chainbridge built and maintained Temple’s full metadata tagging architecture, along with multi-stream rollup rules in their Bitwave instance. Once these were in place, they set up an automated revenue and expense categorization process with month-end close workflows.
With Chainbridge’s deep Bitwave expertise on their side, Temple can get the most out of Bitwave.
- Canton-native subledger ingestion
- Automated metadata tagging for all transaction types
- Rollup engine for multi-stream revenue consolidation
- Advanced categorization and rules mapping
- Daily summarized accounting exports
- Partner-delivered bookkeeping and financial operations
Achieving Efficiency, Integration, Scalability, and Informed Decision-Making with Bitwave
Temple’s partnership with Bitwave and Chainbridge delivered:
Rapid Month-End Close: Chainbridge provides Temple with completed financials by the 6th of each month, far faster than typical crypto accounting timelines.
A Multiplicative Reduction in Transaction Volume: Millions of raw Canton transactions are reduced by orders of magnitude through metadata-driven rollups. Temple receives clean, categorized daily summaries ready for direct ingestion into their accounting system.
Reliable Multi-Stream Revenue Accounting: Each Canton revenue source is accurately identified, segmented, and reported without manual intervention.
A Fully Outsourced, Fully Automated Workflow: Temple focuses on operations. Chainbridge manages accounting. Bitwave powers the system underneath.
Book a Demo and Connect with a Bitwave Certified Partner
Temple’s experience demonstrates how Bitwave’s Canton-native architecture and Chainbridge’s expert implementation combine to handle the most demanding environments on the Canton Network.
Bitwave provides the industry’s leading digital asset subledger for Canton. Explore how Bitwave and our Certified Accounting Partners can transform your financial operations.
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