Ledgible and TAINA Technology, two industry-leading tax compliance solutions, have announced a strategic partnership to deliver a comprehensive end-to-end tax reporting solution for the crypto and digital asset industry. This collaboration aims to assist U.S. and non-U.S. crypto and digital asset platforms with their comprehensive onboarding and reporting needs to navigate the complexities of the evolving global regulatory landscape.
"We are excited to partner with Ledgible; our alliance combines our expertise, strengths, and advanced technology to deliver innovative tax compliance solutions for the Crypto and Digital Asset Industry. Together, our complimenting platforms will enable us to help more clients automate their processes and keep pace with the evolving regulatory landscape. ” Sarah French, Chief Revenue Officer at TANIA Technology.
In response to the IRS' s Digital Asset Regulations, Ledgible and TAINA’s joint tax solution will assist digital asset platforms in fulfilling their reporting requirements while elevating onboarding tax form processes, streamlining workflows, improving compliance, and integrating data seamlessly.
"Joining forces with TAINA enables us to enhance our existing solutions and deliver greater value to our clients. Together, we ' re setting a new standard for compliance efficiency, helping institutions meet and exceed regulatory requirements. ” Kell Canty, CEO at Ledgible.
TAINA facilitates comprehensive data collection, encompassing onboarding processes, incorporating form collection and a validation platform. The platform reads and validates major types of Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) tax forms faster. Using IRS guidance and data cross-checks reduces form rejection rates. It can also calculate withholdings, monitor real-time change, manage a transparent up to date ruleset and produce high-quality data for audits and reporting.
Ledgible simplifies data management and automated tax information reporting for digital assets, providing a comprehensive platform that enables financial institutions to integrate digital assets into existing accounting systems seamlessly. With advanced capabilities such as transaction tracking, balance reconciliation, and cost-basis reporting, Ledgible ensures that organizations maintain accurate and compliant financial records.
The comprehensive end-to-end tax reporting solution benefits U.S. and non-U.S. crypto and digital asset platforms with comprehensive onboarding and reporting tools to manage the complexities of the evolving global regulatory landscape. By understanding the complexities of these obligations, financial institutions can meet the due diligence and reporting requirement and achieve compliance for investment funds holding digital assets. The partnership between TAINA and Ledgible underscores a shared commitment to innovation and excellence in digital asset tax reporting and compliance.
For more information about the partnership and the joint solution, please visit www.taina.tech or ledgible.io.
About Ledgible
The Ledgible platform is built from the ground up to streamline digital asset tax information reporting and compliance. Ledgible ensures compliance for digital assets for some of the largest financial institutions in the world, including top 5 US banks, investment firms with $1B+ AUM, and top 10 crypto exchanges. As a SOC 1 & 2 Type 2 Certified platform, Ledgible is the trusted provider of choice for compliance and Form 1099 generation.
About TAINA Technology
TAINA Technology is a Regulatory Technology (RegTech) provider of the market leading validation platform. TAINA’s fully automated, robust and flexible platform is helping institutions transform the burden of regulatory compliance into a competitive advantage by saving costs, reducing risks and improving their customers ' experience. TAINA clients include the world’s largest global financial institutions, private equity firms, investment managers, Big 4, fund administrators, transfer agents, gig economy, insurance and online trading platforms. TAINA is backed by leading financial institutions and investors including HSBC Asset Management, Deutsche Bank, Anthemis and SIX FinTech Ventures.
