In further growing proof of cryptocurrency’s acceptance amongst high-net worth investors, crypto and blockchain assets are now able to professionally audited.

Mid-market accounting and professional services firm BDO Australia has announced it will provide auditing and assurance services for blockchain and crypto assets.

Institutional investors have traditionally been reticent to back digital assets, but have recently begun to change their tune — fund manager Fidelity has even launched a platform for trading cryptocurrency.

Tim Aman, national leader for financial services at BDO, says the move will make it easier for such investors to expose their profile to cryptocurrency.

“One of the biggest barriers holding institutional investors back is the lack of transparency about the
quality of digital assets. By providing comprehensive audit and assurance services,
our entry into this growing sector will be a game changer for new investment into this
asset class,” he said.

The range of services BDO will provide, in conjunction with Sydney and Singapore-based blockchain firm Decentralised Capital, includes comprehensive audit and assurance services for blockchain companies and assets including cryptocurrencies, security tokens, stablecoins, trading platforms along with initial coin offerings (ICOs) and funds.

The Australian Securities and Investment Commission (ASIC) recently released new guidelines for companies hoping to raise funds through ICOs, which it hopes will more tightly regulate the sector.

This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.