Bitwave, the leading enterprise digital asset finance platform, is excited to announce a groundbreaking collaboration with Polymesh, an institutional-grade permissioned blockchain built for regulated assets.
With support from the Polymesh Ecosystem Development Fund, Bitwave is developing a native integration that unlocks powerful financial compliance, reporting, and operational efficiencies for projects across the Polymesh Network.
Transforming Financial Workflows for Regulated Assets
Polymesh is purpose-built to address the unique challenges of regulated assets—governance, identity, compliance, confidentiality, and settlement—making it an ideal platform for enterprises and institutions. By integrating with Polymesh, Bitwave will empower financial institutions to elevate their accounting and financial operations through enterprise-grade solutions tailored to meet the demands of regulated ecosystems.
This integration brings granular cost-basis tracking, pricing analysis, and automated transaction categorization to the Polymesh Network, ensuring seamless compliance with US GAAP and IFRS standards.
Enhancing Financial Operations for Polymesh
Bitwave’s advanced capabilities make financial compliance and reporting easier and faster for builders on Polymesh. We’re bringing our top-rated platform to the Polymesh community to accelerate the tokenization of financial instruments with simplified accounting workflows.
Key benefits of this integration include:
- Effortless ERP Integration: Simplify accounting and reconciliation by seamlessly integrating Polymesh on-chain transactions with leading ERP systems such as Oracle NetSuite, QuickBooks, Xero, and Sage.
- Granular Lot-by-Lot Cost-Basis Tracking: Track assets with precision and ensure accurate short-term and long-term gain/loss reporting.
- Comprehensive Financial Reports: Generate SOC 1 (T2) and SOC 2 (T2) compliant reports for total transparency and peace of mind.
- Simplified Regulatory Compliance: Maintain US GAAP / IFRS-compliant records with our standardized, audit-ready tracking system.
- High-Volume Indexing: Access a custom Polymesh Network indexer built by Bitwave, enabling total transaction tracking and real-time data insights.
This integration marks an exciting milestone in the evolution of the Polymesh ecosystem, showcasing its dedication to the growth of real-world enterprise applications. By providing robust financial infrastructure, Bitwave enables developers, startups, and enterprises on Polymesh to focus on innovative use cases.
“Bitwave is thrilled to partner with Polymesh to deliver enterprise-grade accounting and reporting tools that empower businesses to scale with confidence,” said Amy Kalnoki, Co-Founder and COO of Bitwave.
“This collaboration highlights Polymesh’s commitment to supporting institutional participants with the infrastructure they need to achieve compliance and unlock new opportunities in regulated asset management.”
“We’re excited for Bitwave to offer their services to the growing list of asset issuers and regulated service providers on Polymesh,” said Bill Papp, CEO of the Polymesh Association. "Compliance, reporting, and accounting are critical components in the digital asset lifecycle and Bitwave is leading the charge.”
"Polymesh is setting a new standard for the tokenization of real-world assets, and Bitwave is proud to bring the tools that financial professionals need to succeed," said Jim Thompson, VP of Sales at Bitwave.
"This integration allows our clients to streamline complex processes like cost-basis tracking, high-volume reconciliation workflows, and compliance reporting, making it easier than ever to scale operations while meeting rigorous regulatory requirements."
Join the Future of Regulated Asset Accounting
We’re thrilled to announce this game-changing collaboration to support leading projects managing regulated assets. By enabling financial professionals to unlock a new level of efficiency and compliance, Bitwave is committed to supporting innovation and success.
Ready to see how Bitwave can transform your financial operations on Polymesh?
Schedule a free demo today and discover how we can help!
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
