Verady & DAR partner to offer institutional crypto asset financial reporting

By Pavithra R

Verady, ledgible cryptoasset tax, financial reporting and accounting platform provider has announced that the company has entered into a partnership with Digital Asset Research (DAR), the leading cryptoasset data and analytics firm.

Under the partnership agreement, DAR is the preferred source for institutional level pricing for cryptocurrency market values and will be fully available in Verady’s ledgible platform for business accounting, tax, and financial reporting. 

“There are few standards for cryptoasset prices, so we are partnering with Digital Asset Research who clearly leads the market in assessing digital currencies and assets and offers clean prices for our Ledgible clients with institutional requirements. By offering options to our clients, we can give them more ways of finding value and accurately complete the short and long term cryptocurrency activity for the taxpayer,” said Kell Canty, CEO of Verady.

Digital Asset Research (DAR) delivers the most accurate crypto pricing and market data to institutional investors. The company provides comprehensive data and research in the digital asset space for institutional market participants with clean market data, crypto prices, and independent research. It offers clean and reliable data through its vetting of assets and exchanges and in-depth analysis on technology, security and market structure.

DAR’s objective is to provide transparency to the cryptocurrency space through comprehensive diligence process, giving market participants access to clean, objective market data, as well as analyse and provide insight into price discovery, market structure, and other topics of interest to market participants. The valuation of cryptoassets can have an enormous impact on portfolio accounting and taxes.

“Our fundamental understanding of cryptoassets and history in financial markets provides institutional rigor to the cryptocurrency market. Our comprehensive vetting methodologies allow us to identify economic trading between real buyers and sellers in this market in order to accurately price these assets. Working with Verady and their Ledgible platform brings our pricing and data to customers who need a way to account for their cryptoassets,” said Erin Friez, COO and General Counsel with Digital Asset Research. 

Founded in 2016, Verady provides cryptocurrency tax, accounting, and audit technology products through the Ledgible platform. Financial institutions, corporations and accounting firms rely on the company’s platform globally for crypto tax, crypto accounting, and crypto audit for billions of dollars of cryptoassets.