first allocation of crypto assetsThe privately held firm said Monday it acquired bitcoin and ether on its balance sheet through Gemini Trust Company’s execution and custody services.
The Toronto-based company established a governance committee to oversee and approve the treasury allocation, which included a risk assessment and review of the tax and accounting implications. In a press release, Kareem Sadek, advisory partner of cyprotassets and blockchain services at KPMG Canada, noted that"we've invested in a strong cryptoassets practice and we will continue to enhance and build on our capabilities across decentralized finance , non-fungible tokens and the metaverse, to name a few.”
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