Why are so many Web3 projects with massive treasuries not doing active treasury management?
That’s the question we explore in this episode with Bo Zhang, COO at Function: a project building the rails that allow Bitcoin to actually function: liquid, composable, and yield-generating.
Together with Bo, we dive deep into the intersection of institutional trading & token management, treasury management, and working with market makers.
Bo is also one of the instructors of our upcoming course: the Crypto Treasury Management Academy launching October 29th, designed to help web3 finance professionals learn how to optimize, allocate, and protect their organization’s crypto treasury.
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For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered
(0:00) Coming Up
(2:44) Background in web3
(6:02) Stress testing DeFi protocols
(11:25) Treasury management for web3 projects
(14:41) Active treasury management
(17:36) Get 2 months for free with Request Finance
(19:16) Working with market makers
(22:54) Crypto hedging basics
(26:27) Outsourcing crypto hedging
(28:19) Do web3 organizations use derivatives
(29:24) Evolution of Bitcoin DeFi
(35:56) About Function & FBTC
(37:30) Lessons from Ren Protocol
(42:14) Function’s vision & RWAs
(45:32) Guiding principles for web3 treasuries
(48:36) Reach out to Bo Zhang
Max Kalyuzhnyi, Head of Operations at Everclear Foundation, shares his journey from Big4 audit to web3 finance.
We cover token migrations, fundraising, vibe-coding, and the tools he uses for web3 ops, from Toku & Sablier to Integral, Rain, and Dakota.
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For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered
(0:00) Coming Up
(2:52) Career transition into web3
(6:02) Overview of Everclear
(8:58) Bridging example
(11:02) Fees of Everclear
(12:27) Subledger implementation
(14:33) Switching from Bitwave
(17:38) Creating chart of accounts
(19:12) Feedback for subledgers
(22:23) Get 2 months for free with Request Finance
(24:02) Fair value gain after TGE event
(29:00) Token migration & coordinating with exchanges
(36:06) Service providers for token migration
(37:44)Tools for token distribution
(42:26) Toku, Sablier & custom contracts
(44:00) Cost optimization
(50:15) Other tools for web3 ops
(52:41) AI-Assisted vibe-coding
(56:40) Advice for web3 transition
(59:17) Reach out to Max Kalyuzhnyi
Deloitte has been on the front lines of digital assets, working with exchanges, custodians, stablecoin issuers, and enterprises to bring crypto into regulated finance.
In this episode, I’m joined by Jérémy Stevance, Manager on Deloitte France’s Digital Assets Team, who has spent the last four years building their crypto audit practice.
He’s worked with Web3 leaders like Circle, Binance, and Crypto.com, as well as traditional giants like LVMH and Société Générale.
We also discuss Coinia, Deloitte’s proprietary tool that reconciles hundreds of thousands of blockchain transactions directly to client books.
✅ OUR RESOURCES
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🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered
(0:00) Coming Up
(2:14) Blockchain nodes and completeness
(7:36) Third-party data provider
(11:20) Working with Deloitte’s global network
(12:22) Proving ownership of wallets
(16:37) Ensuring wallet completeness
(18:29) Get 2 months for free with Request Finance
(20:20) Wallet documentation
(21:46) Auditing crypto exchanges
(26:09) Accepting an audit engagement
(28:40) How Jérémy transitioned from web2 to web3
(34:05) Deloitte clients
(36:05) Proof of reserves with Circle
(39:00) Adoption of crypto from enterprises in France
(44:17) Relying on subledgers
(46:18) Advice for web3 career
(49:29) Reach out to Jeremy
Should a crypto subledger do more than just bookkeeping and reporting?
Kryptos began as a retail-focused crypto tax tool. Today, it has evolved into an enterprise-grade accounting platform, offering not just bookkeeping, but also treasury management, token vesting, payroll, invoicing, audits, and even proof-of-reserves.
On Episode 96, we spoke with Sukesh Tedla, CEO of Kryptos, to discuss their leap from consumer to enterprise, the hurdles of adoption, and how automation and AI are reshaping the future of crypto accounting
✅ OUR RESOURCES
🌐 Join a global community of web3 accounting & finance professionals - https://app.theaccountantquits.com/
🤓 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
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For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered
(0:00) Coming Up
(1:54) Why launch a subledger
(3:20) Using Kryptos SDK
(7:43) Retail tax calculators switching to enterprise
(11:01) Enterprise v/s retails sales
(12:04) Custom enterprise requirements
(14:19) All-in-one subledger
(16:21) Partnerships & integrations
(17:22) Get 2 months for free with Request Finance
(19:01) Kryptos Enterprise demo
(29:09) Pricing
(32:05) AI-powered crypto accounting
(34:35) Adoption of crypto in Sweden
(36:39) Closing Thoughts
(38:22) Reach out to Sukesh
Navigating Web3 operations isn’t always glamorous.
While developers are busy building, someone needs to ensure the machines run smoothly behind the scenes.
Sarah Luehrs is the COO at Union Labs, and she pulls back the curtain on what it takes to navigate web3 operations and scale a remote-first team.
✅ OUR RESOURCES
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For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered
(0:00) Coming Up
(2:36) How Sarah started in web3
(6:30) From Tokensoft to Union Labs
(7:12) What is Union?
(9:32) Challenges of web3 operations
(12:35) Recurring tasks
(15:11) Secrets to CEO/COO Harmony
(17:47) Get 2 months for free with Request Finance
(19:25) Challenges of treasury management
(22:58) Web3 tools (payroll, subledger)
(28:13) Working on a token launch
(29:51) Token launch checklist
(32:58) Challenges setting up a Foundation
(36:43) Head of Foundation in Cayman Islands?
(38:34) How to have a web3 career
(41:02) Favourite learning resources
(44:22) Sarah’s maxim
(47:19) Reach out to Sarah on X
Ep. 94 dives into the newly signed GENIUS Act and what it means for stablecoin issuers. I’m joined by Nestor Dubnevych (Legal Nodes) to unpack its impact on licensing, compliance, and cross-border operations.
We also cover global regulatory trends and what teams need to know when building crypto payment products.
✅ OUR RESOURCES
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🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered
(0:00) Coming Up
(2:14) GENIUS Act Explained
(4:51) Winners & losers of GENIUS Act
(7:00) Compliance costs
(11:37) Future of stablecoins and banks
(14:03) On-ramping & off-ramping opportunities
(16:33) Get 2 months for free with Request Finance
(18:12) Yield-bearing stablecoins
(21:42) Global stablecoin regulations
(24:36) Compliance for crypto payments gateways
(27:42) Geographical use case trends
(30:10) RWA compliance
(35:05) Legal Nodes services
(37:41) How Legal Nodes evolved since 2018
(39:21) Clarity Act
(40:57) Regulatory interoperability
(43:48) Reach out to Nestor or Legal Nodes
kpk is redefining crypto treasury management with secure, transparent, fully on-chain systems. In this episode, I speak with Jack Gale, core contributor at kpk (formerly Karpatkey), managing over $1.8B for top DAOs like Gnosis, Aave, ENS, and dYdX.
We dive into why an Investment Policy Statement (IPS) is essential for DAOs, how kpk builds trust with crypto-native reporting, and a case study with Beefy Finance using Octav for on-chain data tracking.
✅ OUR RESOURCES
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💌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
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🎙️ Follow Episode Guest
Jack Gale: https://x.com/iamjackgale
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered:
(0:00) Coming Up
(2:19) Investment Policy Statement (IPS) for DAOs
(5:31) How to start IPS
(7:49) IPS for Ethereum Foundation
(12:52) Public IPS examples with ENS, Balancer
(13:21) kpk services for asset management & financial reporting
(16:46) kpk’s early beginnings
(18:19) kpk scaling strategy
(20:31) Get 2 months for free with Request Finance
(22:12) kpk as on-chain agent
(27:58) onchain permissions in practice
(30:07) Zodiac Roles Modifier for onchain permissions
(33:09) kpk’s open-source toolkit
(33:47) Live demo of kpk
(35:35) kpk’s DeFi treasury platform
(41:09) Inside Beefy Finance Financial Report
(45:08) Using Octav to build financial reports of Beefy Finance
(51:09) Does Beefy use traditional accounting softwares?
(52:55) Final thoughts for DAO contributors & founders
(55:36) Jack’s quote
(56:24) Reach out to Jack or kpk
Web3 is global, but where you set up your company matters.
One growing hotspot is Panama.
Panama doesn’t have specific crypto laws yet, so Web3 projects don’t need special licenses. It’s unregulated, but still legal.
Plus, there’s 0% corporate tax on foreign income, making it a great place for innovation.
To break it all down, I’m joined by Edgar Young, Partner at Pacifica Legal, a firm that’s helped over 270 Web3 companies incorporate in Panama.
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🤓 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
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Edgar Young: https://www.linkedin.com/in/dr-edgar-young-773a86218/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered;
(0:00) Coming Up
(0:51) Episode intro
(2:35) How Pacifica Legal started
(5:53) Panama’s crypto evolution
(7:42) Tax environment in Panama
(13:17) Tax obligations for founders from Panama
(18:38) Thanks to our sponsor Octav
(20:20) Token launch setup with SPV & Foundation
(24:24) Controlling interest in subsidiaries
(26:07) How funds flow between entities
(26:56) Setup time & costs
(27:51) Sociedad Anónima vs. Foundation
(33:20) Bearer shares in Panama
(35:42) DAO setup in Panama
(38:14) DAO distributions to token holders
(39:14) Thanks to our sponsor Request Finance
(40:53) Panama v/s Cayman Foundations
(45:12) Ownerless Foundation in Panama
(47:11) Reputation risks
(50:56) Crypto-friendly banks
(55:19) Going bankless?
(57:04) Pacifica’s crypto legal services
(58:17) Onboarding process
(59:12) Filing & Compliance
(01:01:23) Final Thoughts
(01:03:14) Reach out to Edgar
Banking has always been about trust and control. Neobanks upgraded the user experience, but the system remained centralized.
Now, we’re in the third wave: DeFi banks, a non-custodial, blockchain-based, and fully user-controlled.
Leading this shift is EtherFi, offering a seamless way to save, earn, and spend without traditional banks. Think fiat on/off ramps, asset deployment into BTC, ETH, stables, staking, swapping, and more all in one place.
Jozef Vogel, COO of EtherFi, shares how finance professionals can start using these tools in their day to day business.
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Jozef Vogel: https://www.linkedin.com/in/jozefvogel/
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For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered;
(0:00) Coming Up
(0:31) Episode intro
(2:38) ether.fi’s growth to $6.8B TVL
(6:47) Ether.fi as a DeFiBank - save, earn, & spend
(12:32) Thanks to our sponsor Octav
(14:15) Ether.fi’s liquid vaults for DeFi rewards
(16:20) Onboarding for institutions
(18:12) Use cases for off ramping product
(20:34) ether.fi’s business model & why DeFi can outperform TradFi
(23:59) Transparency in DeFi
(25:15) Subledgers for public DeFi reporting?
(26:20) ether.fi Cash product
(28:04) Thanks to our sponsor Request Finance
(29:34) ether.fi’s corporate card features
(31:19) What is a BIN sponsor
(32:20) How borrowing works in ether.fi
(34:32) Strategy to reach CeFi & neobank users
(35:52) Licensing & navigating global regulation.
(37:06) Do web3 projects still need a bank?
(39:16) Hiring at ether.fi
(40:13) Final thoughts
(40:44) Partnership opportunities
(41:41) Connect with Jozef
In practice, token launches are often delayed, and that can slow down the entire roadmap of a web3 project.
Once there’s a traded price for a token, it’s difficult to walk it back. Post-launch valuations are often magnitudes higher than pre-launch ones.
That’s why valuation reports have a limited shelf life, and why getting it right matters.
My guest is Neil Thakur, Managing Director and Founding Member at Teknos Associates, a crypto valuation & advisory firm.
If you’re in the middle of launching a token or structuring your SAFT with lawyers and advisors, this episode could help you avoid some costly mistakes.
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Neil Thakur: https://www.linkedin.com/in/neilkthakur/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered:
(0:00) Coming Up
(0:59) Episode intro
(2:49) When to get a token valuation & pitfalls
(9:14) Shelf life of a token valuation report
(11:25) IP valuation & transfer pricing issues
(16:04) Transfer pricing for LabCo, Token SPV & Foundation
(18:47) Thanks to our sponsor Request Finance
(20:27) Token grants & valuation
(24:27) Differences with common option grants
(27:42) Checklist for structuring token grants
(31:16) Tax savings through 83b election filing
(38:02) Pricing methodologies for a token pre-launch
(44:00) Thanks to our sponsor Octav
(45:40) What if you forgot to file a 83(b) election
(48:05) Donations and gifting with HNW individuals
(50:31) M&As in web3 & valuation issues
(53:49) Provisions for protection against token considerations for M&As
(55:19) Level 2 and Level 3 crypto assets
(01:00:40) Overview of Teknos Associates services
(01:04:33) Onboarding of a client
(01:07:35) Services after a token launch
(01:09:31) Closing thoughts
(01:12:26) Reach out to Neil
Before a token hits the market, founders face complex legal and tax decisions that can make or break their project.
Where to incorporate? What type of token to issue? How does your personal residency affect taxes?
On Ep. 89, I’m joined by Jonathan Turnham, Managing Partner at NXT Law, who’s helped launch over 350 Cayman Foundations and advised crypto projects since the ICO era.
If you're involved in a token launch, this episode could save you from major legal headaches.
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Topics Covered:
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
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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
Tokenization is hitting an inflection point, with $4–5 trillion in digital securities expected by 2030.
Crypto accounting has come a long way from the Wild West days, but challenges remain for crypto accountants.
Regulators and accounting bodies are stepping in, and a real crypto finance stack is finally emerging.
On Episode 87, I'm joined by Chandan Lodha, Co-Founder of CoinTracker, who’s helped 2.5M+ users with crypto taxes and is now tackling enterprise accounting with a new crypto subledger.
✅ OUR RESOURCES
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Chandan Lodha: https://www.linkedin.com/in/clodha/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered;
(0:00) Coming Up
(0:41) Episode intro
(2:25) Founding CoinTracker
(4:29) How did Google work experience help
(6:42) Challenges for businesses with crypto accounting
(9:16) Why launch a subledger
(14:21) Thanks to our sponsor Octav
(16:03) How to build a subledger
(19:42) Crypto tax tool v/s subledger
(22:34) Should subledger offer AR/AP features
(27:14) CoinTracker Enterprise & its subledger features
(30:18) Can enterprise users generate tax reports
(32:36) Learnings building a subledger
(35:58) Thanks to our sponsor Request Finance
(37:39) Marketing CoinTracker Enterprise
(40:34) Upcoming features
(41:35) Career opportunities for accountants with crypto
(43:46) Practical steps to start using crypto in a business
(45:43) Closing Thoughts
(46:58) Get $500 off from CoinTracker Enterprise
(47:20) Favourite quote
Fractional leadership is booming, especially in web3.
Startups can tap into C-suite expertise without the full-time salary. But once VC money hits, if your financial ops aren’t solid, you’re not scaling, you’re stalling.
Enter the Fractional CFO: a strategic partner handling fundraising, treasury, and audit readiness.
In this episode, I chat with Nauman Mustafa (Managing Partner at HashLedger & CFO at Celo Foundation) about what it takes to launch a Fractional Web3 CFO practice.
✅ OUR RESOURCES
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🎙️ Follow Episode Guest
Nauman Mustafa: https://www.linkedin.com/in/naumannazim/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered;
(0:00) Coming Up
(0:55) Episode intro
(3:00) Why launch a web3 Fractional CFO practice?
(8:57) Fractional CFO v/s full-time CFO
(13:11) Costs of hiring a Fractional CFO
(19:57) Get 14 days for free on Octav
(21:38) Pricing mistakes as a Founder
(27:01) How to onboard a new client
(30:43) Fundraising & CFO role
(33:11) Knowledge gaps for a web2 CFO with fundraising
(34:53) Get 2 months for free on Request Finance
(36:30) Hiring & building a team
(41:30) Systems that can scale a Fractional CFO practice
(43:12) Web2 & web3 tech stack
(45:48) HashLedger CFO services
(49:24) Advice for accountants to work in web3
(52:42) Nauman’s maxim
(53:29) Reach out to Nauman
In traditional finance, Treasury Management is a well-documented practice with plenty of guidance and literature. But in web3, many of those concepts don’t quite apply.
Foundations, DAOs, and other web3 startups often hold their treasuries in wallets, with those assets remaining idle.
But by strategically allocating part of their treasury to generate yield, these organizations can create an additional revenue stream to help finance daily operations.
The companies that understand DeFi tend to have a longer runway. They burn less of their initial funding because DeFi yield covers some or all of their working capital needs.
But how do you identify the right protocols? How do you invest according to your risk profile and revenue goals?
On Episode 85, I spoke with Mathieu Baril, the CEO & Founder of Octav, to provide us with the tips & tricks on managing a treasury in crypto, & how to leverage DeFi yield.
✅ OUR RESOURCES
💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter
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🎙️ Follow Episode Guest
Mathieu Baril: https://www.linkedin.com/in/mbaril010/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered;
(0:00) Coming Up
(0:57) Episode intro
(2:44) Mathieu’s background & story founding Octav
(4:52) Cashflow forecasts for web3 startups
(6:31) Investor updates learnings
(7:56) Metrics for startups
(8:50) Risk management with crypto
(10:58) Sequoia anecdote
(12:29) DeFi v/s TradFi investments
(16:16) Generating yield in DeFi & borrowing with your tokens
(17:59) Thanks to our sponsor Request Finance
(19:37) Insurance cover for DeFi
(21:18) Tokenized T-Bills v/s DeFi LPs
(23:19) Octav as a DeFi data provider
(24:42) Subledgers v/s Octav
(26:53) How Beefy Finance uses Octav
(28:24) Machine learning model of Octav
(30:20) Pricing per wallet address
(31:27) Working with family offices
(34:07) Challenges building Octav
(36:13) Working with accounting & tax firms
(38:51) Education around web3 treasury management
(39:55) Favourite maxim
(41:05) Reach out to Mathieu
Crypto sub-ledgers have evolved from their early days when they would only be required to categorize onchain transactions and calculate the realized gain/loss under the appropriate cost basis method.
To satisfy their existing customers and bring new players into the industry, sub-ledgers have to adapt to new requirements from local GAAP & IFRS, and regional regulatory requirements like MiCA in Europe or VARA in the UAE.
Finding a sub-ledger that only provides crypto bookkeeping features is no longer sufficient. You need one that addresses regulatory & audit readiness.
For over six years, Cryptio has powered the crypto back office of more than 400 organizations, including industry heavyweights like Circle, Uniswap, Consensys, Gemini, Paxos, 1inch, Transak, and even the government of El Salvador.
On Episode 84, I spoke with Antoine Scalia, the CEO & Founder of Cryptio, to share how they’re building their platform’s 3rd generation to meet regulatory, audit & accounting requirements.
✅ OUR RESOURCES
💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter
🙌 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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🎙️ Follow Episode Guest
Antoine Scalia: https://www.linkedin.com/in/antoine-scalia/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered:
(0:00) Coming Up
(0:55) Episode intro
(3:08) Series A extension raise & what has changed since 2021
(6:16) Macroeconomic shifts happening
(8:41) Company culture & branding
(12:49) Learnings from hiring
(15:57) Does 100% remote work?
(17:29) Lack of transparent pricing with subledgers
(22:47) How to choose the right Cryptio product
( 24:46) Thanks to our sponsor Octav
(26:27) What is Cryptio Bedrock
(30:41) Fair value module & roll forward reports
(34:13) Choosing multiple pricing sources for principal market
(36:35) How does Cryptio support a new blockchain
(38:39) SOC reports for subledgers
(45:22) Use cases for SOC reports
(49:15) Audit readiness module
(52:41) Thanks to our sponsor Request Finance
(54:21) Should subledgers offer payment & main ledger features?
(59:47) Multi inventory feature for custodians & exchanges
(01:04:51) Gaps in crypto accounting education
(01:08:47) Learning habits
(01:11:13) Are you surprised by your success?
(01:13:44) Career opportunities at Cryptio
(01:14:44) Reach out to Antoine
The extra steps needed to tap into DeFi protocols often intimidate web3 companies from putting idle capital to work.
Many of these companies hold large amounts of stablecoins like USDC and USDT, sitting idle and earning no yield.
Since the start of 2025, Coinshift has been redefining how users earn passive income on stable assets through their liquid lending token, csUSDL, backed by U.S. Treasury Bills.
Unlike traditional stablecoins like USDC, where users need to actively lend or stake to generate yield, csUSDL is designed to earn yield natively.
On Episode 83, I spoke with Tarun Gupta, Founder & CEO of Coinshift, to talk about the company’s business model evolution, what this pivot means for the broader stablecoin market, and how csUSDL is positioning itself in an increasingly competitive space.
✅ OUR RESOURCES
💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter
🙌 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
👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits
👉 Twitter(X): https://x.com/accountantquits
👉 YouTube: https://www.youtube.com/@theaccountantquits
🎙️ Follow Episode Guest
Tarun Gupta: https://www.linkedin.com/in/tarun-gupta-1a0973a1/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered;
(0:00) Coming Up
(0:48) Episode intro
(2:42) Why pivot & launch a stablecoin
(10:27) Business model for payments
(12:25) Business model of stablecoin issuers
( 17:51) Thanks to our sponsor Octav
(19:32) Coinshift’s new stablecoin, csUSDL
(21:20) Paxos USDL v/s Circle USDC
(23:25) Morpho & Steakhouse Financial
(27:11) UX of minting csUSDL
(28:54) Paxos USDL & regulatory constraints
(31:05) USDC and USDT v/s csUSDL
(34:33) Thanks to our sponsor Request Finance
(36:11) Challenges on csUSDL liquidity
(38:19) Team challenges in 2024
(40:11) Coinshift DAO & SHIFT token
(42:54) Coinshift’s vision
(45:08) Lessons learned as a Founder
(50:36) Reach out to Tarun
As the number of new blockchains and protocols continues to surge, accountants face an increasingly complex challenge in reconciling on-chain data.
With no universal standard for blockchain data, and significant variations in how different chains operate, the task becomes even more daunting.
Accountants are not engineers, they rely on tools like sub-ledgers and tax tracking platforms to handle crypto accounting and tax compliance.
To help us understand how to navigate through managing data in a multi-blockchain world, I spoke with Ben Roy, the CEO & Co-Founder at Noves.
Noves offers infinite scalability in on-chain data coverage, enabling seamless retrieval and transformation of data from any chain.
Instead of merely providing raw data, Noves enriches and standardizes it into useful formats tailored for accounting and tax purposes.
✅ OUR RESOURCES
💌 Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter
🙌 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
👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits
👉 Twitter(X): https://x.com/accountantquits
👉 YouTube: https://www.youtube.com/@theaccountantquits
🎙️ Follow Episode Guest
Ben Roy: https://www.linkedin.com/in/ben-roy-9a9a712/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics covered;
(0:00) Coming Up
(0:55) Episode intro
(2:49) Noves origin story
(4:32) The current state blockchains, protocols, & tokens
(8:06) Why isn’t blockchain data formatted for accounting and tax reporting
(12:24) Will onchain data become more standardized
(14:22) Should sub-ledgers tackle the data problem
(16:25) What should be the sub-ledger role
( 18:50) Thanks to our sponsor Octav
(20:31) How does Noves help with managing onchain data
(22:56) Use cases for Noves
(24:27) How can accountants use Noves
(26:27) API products
(29:06) Thanks to our sponsor Request Finance
(30:46) Positioning against competitors like Datai, Octav, DeBank
(33:55) AI agents for onchain data
(37:50) Closing thoughts
(39:42) Reach out to Ben
Donald Trump’s presidency is stirring up buzz in the web3 communities.
Builders and users alike are optimistic about how the new administration could shape the future of digital assets, with promises of clearer regulations and greater adoption of cryptocurrencies on the horizon.
But while we wait for these changes to take effect, there are already some major tax updates you need to know.
To help us navigate these complex but important updates, I spoke with RSM US, one of the largest accounting firms in the world and a leader in the digital assets space, with some of their web3 clients including Ondo, Stellar, Binance, Paradigm, Bitgo and Consensys.
And joining us are Skip Carlson, Digital Assets Market Leader at RSM US, and John Cardone, Senior Tax Director.
✅ OUR RESOURCES
💌 Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter
🙌 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
👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits
👉 Twitter(X): https://x.com/accountantquits
👉 YouTube: https://www.youtube.com/@theaccountantquits
🎙️ Follow Episode Guests
1. Skip Carlson, Digital Assets Market Leader: https://www.linkedin.com/in/sterlingcarlson/
2. John Cardone, Senior Tax Director: https://www.linkedin.com/in/john-cardone-436412b1/
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered:
(0:00) Coming Up
(0:44) Episode intro
(2:59) Guests intro & roles at RSM
(4:21) Safe harbor relief & wallet-level tracking
(9:11) How IRS defines a wallet
(11:02) What to look for in a subledger with wallet-level tracking
(12:45) TD 121 and new broker reporting requirements
(18:49) Notice 25-7 for taxpayers holding crypto with brokers
( 22:34) Thanks to our sponsor Octav
( 24:16) Created Property Argument & staking rewards
(30:09) Role of node operator’s geography for recognizing revenue
(31:51) Thanks to our sponsor Request Finance
(33:30) Frozen staking rewards on exchanges
(35:45) Valuing airdrops
(38:59) Token migrations and tax liabilities
(43:13) New regulations under Trump’s administration
(44:33) Stand out US states for crypto
(46:26) RSM services for digital assets
(51:15) Upskilling RSM employees with blockchain
(53:20) Areas to pay attention to in 2025
(56:24) Favorite maxim
(57:29) How to reach out to John & Skip
In this special New Year's episode, I’m pulling back the curtain on what The Accountant Quits has been up to in 2024 and giving you an exclusive preview of what’s ahead in 2025.
I’ll dive into the milestones we’ve hit, from the Crypto Accounting Academy’s relative success to the launch of the Crypto Accounting Accelerator. Plus, I’ll highlight the growth of our weekly newsletter, the debut of our tools page for navigating crypto accounting, finance, and operations, and key takeaways from the conferences I attended in 2024.
But that’s not all, I’m also revealing exciting new courses for 2025, the launch of our community offering, and the highly anticipated accreditation that’s been in the works.
✅ OUR RESOURCES
💌 Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter
🙌 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
👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits
👉 Twitter(X): https://x.com/accountantquits
👉 YouTube: https://www.youtube.com/@theaccountantquits
🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/podcast
Topics Covered;
(0:00) Intro
(1:14) Crypto Accounting Academy Growth
(4:22) Students’ feedback
(5:14) New modules
(8:59) Crypto Accounting Accelerator launch
(9:57) Podcast recipe for consistency
(12:13) Building an email list & weekly newsletter
(13:59) Share your thought leadership through articles
(15:51) Tools library for crypto accounting
(16:45) Lessons from conferences in 2024
(19:29) New courses in 2025
(21:48) New community offering
(22:35) NASBA accreditation
(24:13) Closing thoughts and quote
