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The Accountant Quits Podcast
Umar Mallam Hassam
99 episodes
5 days ago
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com
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All content for The Accountant Quits Podcast is the property of Umar Mallam Hassam and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com
Show more...
Technology
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#88: Fund Accounting for Digital Assets with MG Stover & Otto
The Accountant Quits Podcast
54 minutes 52 seconds
5 months ago
#88: Fund Accounting for Digital Assets with MG Stover & Otto

The investment fund industry is massive, spanning everything from mutual funds and hedge funds to private equity and ETFs. But something’s changing.

Finance is shifting from slow, opaque off-chain transactions to fast, transparent on-chain finance. Tokenized funds are here, with institutional AUM now over $470 million (rwa.xyz).

Leading this evolution is MG Stover, managing $40billion+ in digital assets and now part of Securitize, a leader in tokenizing real-world assets ($3.7billion on-chain).

Their latest innovation? Otto, an app designed for institutional digital asset funds.

On Ep. 88, I speak with Patrick Clancy, Head of Growth at MG Stover, about fund administration for digital assets, how to launch a digital assets fund, and the tech driving them.


✅ OUR RESOURCES

💌Join our weekly free newsletter and become a confident web3 Accountant ⁠⁠⁠⁠https://www.theaccountantquits.com/newsletter⁠⁠⁠⁠

🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting https://www.theaccountantquits.com/free-class

🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠⁠⁠⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠⁠⁠⁠ 

✊ Follow The Accountant Quits on Socials

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👉 YouTube: ⁠⁠⁠⁠https://www.youtube.com/@theaccountantquits⁠⁠⁠⁠ 

🎙️ Follow Episode Guest

Patrick Clancy: https://www.linkedin.com/in/keepingitpc/

🎧 Website

For show notes and past guests, please visit ⁠⁠⁠⁠https://www.theaccountantquits.com/podcast⁠⁠⁠⁠ 

Topics Covered:

(0:00) Coming Up

(0:49) Episode intro

(3:50) Challenges with digital assets fund admin

(5:35) Difference between fund admin & fund manager

(8:05) Working with regulated custodians

(9:20) Operational setup, including NAV reporting

(13:02) Gaps in DeFi tooling

(15:47) Thanks to our sponsor Request Finance

(17:26) Fund structures for digital assets

(23:10) Capital markets narratives

(27:58) Tipping point for tokenized funds

(30:42) History of MG Stover with crypto fund admin

(34:54) Acquisition by Securitize

(36:11) Thanks to our sponsor Octav

(37:52) Otto, a tool for fund administration

(41:33) Otto v/s subledger v/s Allvue

(45:01) Growth initiatives for Otto

(49:09) Closing education gap for accountants

(52:11) Closing thoughts

(53:05) Patrick’s favourite maxim

The Accountant Quits Podcast
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com