As digital assets move from the margins to the mainstream of global finance, financial institutions face a dual mandate: meet accelerating market demand for crypto products while navigating an increasingly complex web of tax and information reporting obligations.
To help institutions understand — and act on — this shift, Ledgible and Sovos are proud to announce the publication of a new industry report:
The State of Crypto and Finance: How Financial Institutions Are Aligning Crypto Growth with Information Reporting Requirements
The report is now available to download via TechnologyAdvice and TechRepublic:
From Crypto Adoption to Compliance Reality
Sponsored by Sovos and Ledgible, this TechnologyAdvice Industry Trend Report examines a critical inflection point in financial services:
how institutional crypto adoption is no longer a question of if, but how — and how that adoption is fundamentally reshaping tax compliance, reporting infrastructure, and risk management.
As demand for digital asset products accelerates, institutions must reconcile innovation with regulatory accountability. The report explores how market demand drives adoption, how adoption drives compliance imperatives, and why integrated, production-grade reporting systems are becoming essential to sustainable crypto growth.
What the Report Covers
The report provides a structured, end-to-end view of crypto’s impact on financial services, including:
- The Crypto Market Explosion
Understanding the scale and momentum behind institutional crypto adoption. - How Financial Institutions Are Embracing Crypto
Use cases across custody, brokerage, payments, and asset management. - How Cryptocurrency Changes Affect Tax Compliance
The expanding scope of information reporting, cost basis, and transaction transparency. - Crypto’s Impact on Traditional Financial Services
How digital assets are reshaping operating models, controls, and infrastructure. - Asset Management and Investment Strategy
Implications for portfolio construction, yield strategies, and investor reporting. - Assessing Risk and Risk Management
Operational, regulatory, and data risks — and how institutions are mitigating them. - Strategic Opportunities and Future Outlook
Where crypto is headed as it becomes embedded in core financial systems. - Where We Stand as Crypto Becomes Core to Global Finance
Why compliance-ready data is now foundational, not optional.
Why This Matters Now
With new and evolving global reporting frameworks — including expanded U.S. broker reporting, international information exchange standards, and increasing scrutiny on digital asset activity — institutions can no longer treat tax reporting as a downstream afterthought.
Instead, the report highlights a clear conclusion:
The institutions that succeed in crypto will be those that align product innovation with compliant, auditable, and scalable reporting from day one.
Download the Report
Whether you are a financial institution evaluating crypto products, a compliance leader preparing for new reporting mandates, or a technology team building the data infrastructure behind digital assets, this report provides a practical roadmap from crypto demand to final, required regulatory tax information reporting compliance.
