At this year's Mainnet 2024 conference, Bitwave COO and Co-Founder, Amy Kalnoki, took the stage to dive into some of the biggest topics in crypto finance.
Missed the session? We’ve got you covered with the top highlights and takeaways that reveal where the industry is headed, what’s on the horizon, and how Bitwave and our community are paving the way for digital asset adoption.
Alongside Amy, the session featured industry experts Brent Gerundo (Chief Operating Officer, Messari), Sam Leichman (Blockchain Practice Lead, Propeller Industries), and Rob Massey (Partner, Global Tax Leader – Blockchain & Digital Assets, Deloitte)
Check out the highlights below, or replay the full session here:
Teamwork Makes the Dream Work in Crypto Accounting
The session kicked off with an important theme: Collaboration.
In crypto, it’s clear that no one succeeds alone. The panelists shared how professionals are banding together to overcome the unique challenges in digital asset accounting. This cooperative vibe is at the heart of crypto, capturing the spirit of ‘WAGMI’ (we’re all going to make it) and enabling innovation through shared knowledge.
Bridging the Gap in Balance Sheet Reporting with SoDA
The team debuted an exciting new framework for digital asset reporting called, SoDA (Statement of Digital Assets). SoDA helps enterprises keep an accurate record of their crypto holdings and ensures smoother, audit-ready financials by aligning blockchain transparency with traditional finance needs.
And the best part? With Bitwave's comprehensive, built-in support for SoDA, businesses can easily adopt this groundbreaking framework:
✅ Access pre-configured SoDA statements in real-time (alongside standard reports in Bitwave)
✅ Instantly export data for deeper analysis with you and your team
✅ Easily track “moment-in-time” snapshots of your accounts
✅ Share reports in a snap with our "Quick Send" feature – all within the app
SoDA is a big step in aligning on-chain assets with traditional GAAP standards, and Bitwave is proud to lead the way.
Stablecoins as a ‘Killer App’ for Business
One thing that came across loud and clear: stablecoins are proving to be more than just a buzzword.
With their stable USD value, stablecoins are emerging as the go-to asset for business transactions. From faster payments to simplified accounting, they’re helping companies bring crypto into their daily operations without the volatility, and that’s a major leap for mainstream adoption.
Check out our blog for more about how Bitwave enables on-chain invoice payments for enterprises.
The Need for Wallet Hygiene and a Strong Tech Stack
Another takeaway? Keeping wallets organized (AKA “wallet hygiene”) is crucial.
Proper tracking and labeling of wallets make a world of difference for finance teams, especially when it comes to taxes and compliance. And to manage this, a solid tech stack is essential—one that integrates seamlessly with digital asset management and reporting tools to keep everything running smoothly.
Looking Forward: Crypto Finance is Just Getting Started
Overall, one thing was clear: the future looks bright for on-chain finance.
As payment systems, digital rights, and tech infrastructure continue to advance, digital assets will keep making their way into mainstream finance, improving both time and cost efficiencies for businesses.
At Bitwave, we’re here for this journey—helping enterprises adopt digital assets with clarity, confidence, and community-driven solutions.
Excited to see where crypto goes next? We’re right there with you. Connect with us to learn more!
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.
