Bitwave is a digital asset management platform that provides automated accounting, tax optimization, and compliance solutions for enterprises handling cryptocurrencies. The platform integrates data from over 50 blockchains and accounting systems, enabling precise transaction tracking and regulatory adherence while streamlining financial operations.
Funding
$22.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Enterprises face challenges in managing digital assets due to the complexity of tracking cryptocurrency transactions across multiple blockchains and integrating this data with traditional accounting systems. This complexity leads to difficulties in maintaining accurate financial records, complying with regulatory requirements, and optimizing tax strategies.
Solution
Bitwave offers a digital asset finance platform that automates accounting, tax optimization, and compliance for enterprises dealing with cryptocurrencies, DeFi, and NFTs. The platform aggregates and processes data from over 50 blockchains, integrates with existing ERP systems like NetSuite and QuickBooks, and provides tools for transaction categorization, DeFi monitoring, and institutional reconciliation. By automating these processes, Bitwave enables businesses to streamline their financial operations, ensure audit-ready compliance, and gain a unified view of all digital asset activity.
Target Audience
Bitwave targets enterprise finance teams, CFOs, and accounting professionals who need to manage digital assets, ensure regulatory compliance, and streamline financial operations.
Features
- Automated accounting workflows with smart transaction categorization and internal transfer detection
- Tax optimization with customizable inventory segregation methods and cost basis strategies (FIFO, LIFO, Average Cost, Spec ID)
- DeFi monitoring with accrued rewards tracking and point-in-time balance snapshots
- Institutional reconciliation capabilities for faster monthly closes
- Enterprise AP/AR functionality for crypto-based invoices and bill payments
- GAAP/IFRS-compliant financial reporting across subsidiaries and currencies
- Integration with ERPs (NetSuite, Xero, Sage Intacct, QuickBooks), custodial wallets (Fireblocks, NYDIG, BitGo, Anchorage), and DeFi protocols
- Data Fusion to aggregate and process data from any source