Fireblocks is integrating TaxBit's end-to-end suite of tax services to simplify digital asset workflows for US customers.
Today, Fireblocks—an enterprise-grade platform that delivers a secure infrastructure for moving, storing, and issuing digital assets—announced its integration with Taxbit. We’ll be helping Fireblocks provide customers in the US with streamlined access to our industry-leading tax and accounting software.
Now, Fireblocks customers can integrate our end-to-end suite of tax services directly into their digital asset workflow.
Fireblocks customers will gain:
"TaxBit gives us a secure and powerful platform to provide complex tax and accounting solutions for our customers," said Michael Shaulov, CEO of Fireblocks. "With the TaxBit integration, we can help reduce the cumbersome process that hundreds of institutions in the US will face in the coming months.”
Companies recognize the need for reliable and scalable infrastructure solutions that enhance security, reporting, and regulatory compliance. A record number of institutional investors are buying into digital assets. According to data from Pitchbook, $17 billion of institutional capital has flowed into the digital asset space in 2021 thus far, spanning family offices and hedge funds to traditional money managers.
“Fireblocks has always provided best-in-class digital asset infrastructure and security for institutions. With this integration, they’re also able to offer an industry-first tax and accounting solution that doesn't exist anywhere else on the market,” said TaxBit’s CEO, Austin Woodward.
The integration will enable us to work out-of-the-box for any Fireblocks customer, so they meet upcoming regulatory requirements for tax compliance and information reporting, including Form 1099 filing.
For more information about Fireblocks, please visit www.fireblocks.com.