Reserve Accounting
For issuers and any business holding significant stablecoin balances. Cash, T-bills, money market funds: each carries different treatment and we get it right.
If you're issuing a payment stablecoin, your accounting obligations are substantial. Reserve composition, redemption liability treatment, customer asset segregation, monthly reporting, and attestation readiness. The GENIUS Act has formalized what regulators expect. We make sure your books reflect it.
If your protocol holds a stablecoin treasury, operates liquidity pools, or distributes stablecoin rewards through swaps or yield mechanisms, the accounting questions go deeper than most teams expect. Functional currency treatment, yield classification, and proper balance sheet presentation all need to be right before your next audit or investor review.
If stablecoins are part of how you hold working capital, receive payments, or manage treasury, they still need to be classified, measured, and reported correctly under ASU 2023-08. "It's basically cash" is not an accounting position.
If stablecoins move through your rails as a settlement layer, swap mechanism, or conversion step, each flow has revenue recognition and reconciliation implications. We build the accounting architecture that keeps up with your transaction volume and ensures customer balances are properly segregated from operating funds at all times.
Each of these has specific treatment requirements. Most generalist firms are learning on the job. We’re not.
For issuers and any business holding significant stablecoin balances. Cash, T-bills, money market funds: each carries different treatment and we get it right.
Commingling of customer assets and operating funds is a regulatory and reputational risk. We build the accounting controls and documentation that prove segregation is maintained continuously, not just at audit time.
The FASB's updated guidance on crypto asset accounting applies broadly to stablecoin holders. We implement ASU 2023-08 correctly, ensure fair value measurement where required, and keep your reporting current as guidance evolves.
Stablecoin-to-fiat and stablecoin-to-crypto swaps generate accounting events that need to be captured at the transaction level. Gains, losses, spreads, and fees all have treatment implications.
Stablecoin yield from lending, liquidity provision, or protocol rewards does not classify itself. We handle the income recognition and ensure your treasury reporting reflects economic reality.
Your bank, regulator, or institutional partners will eventually ask for attestation of your reserves or a clean audit. We keep your books in a state of continuous readiness so that request is never a scramble.
Four accounting obligations that apply directly to how your books are structured, maintained, and reported. Each one requires accounting infrastructure that most firms aren't currently set up to provide.
Examined by a registered accounting firm, with full documentation of reserve composition and backing. Requires clean, reconcilable books at every reporting cycle.
Leadership-level sign-off on financial condition reports requires accurate and defensible underlying records. Your certifications are only as strong as the books behind them.
Ongoing financial condition reporting to regulators, beyond the monthly reserve cycle. Requires consistent accounting treatment and a reporting infrastructure that doesn't miss cycles.
Not just at reporting dates. Continuous reserve sufficiency requires accounting infrastructure that tracks the position in real time, not reconstructed after the fact.
Stablecoin accounting is still an area where most firms are learning as they go. The standards are evolving, the regulatory requirements are new, and the on-chain reconciliation piece requires tooling and workflows that general accounting firms haven’t built. We have.
If your current accountant has described stablecoins as “basically just cash” or has been vague about how ASU 2023-08 applies to your situation, that’s the gap that costs you when your auditor or regulator starts asking specific questions.
Here are some of the frequently asked questions and their best answers for your clarification.
Still have questions? Contact our Customer support.
