RATE Group | Ernst & Young Acquires Cryptocurrency Investment Software
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Ernst & Young Acquires Cryptocurrency Investment Software

25 Aug Ernst & Young Acquires Cryptocurrency Investment Software

Posted at 19:16h in Cryptocurrency News by

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Ernst & Young Acquires Cryptocurrency Investment Software

With emerging regulations and rising client demand, major financial firms continue to explore digital asset investments. In July, Big Four accounting firm Ernst & Young acquired cryptocurrency investment software from startup Elevated Consciousness Inc.

EY Enters Cryptocurrency Sector

Major accounting and advisory firm Ernst & Young (EY) has acquired cryptocurrency investment management software from Silicon Valley startup Elevated Consciousness, according to a press release.

Through its recent purchase, EY will gain exclusive access to the Crypto-Asset Accounting and Tax (CAAT) software, which is used to monitor trading transaction history across multiple exchanges and wallets for revenue reporting.

The CAAT tool will enable EY to extend its services into the growing blockchain and cryptocurrency sectors. In the official press release, EY Global Vice Chair of Tax Services Kate Barton said: 

“Cryptocurrencies and blockchain are transformational forces with a strong potential to…

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