KPMG in Canada makes the first direct crypto investment-adds Bitcoin and ether to the corporate treasury-selected Bitcoin news
KPMG in Canada makes the first direct crypto investment-adds Bitcoin and ether to the corporate treasury-selected Bitcoin news
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KPMG in Canada added Bitcoin and Ether to his corporate fund, which the company described as the “first investment of its kind”. KPMG said: "This investment reflects our conviction that institutional acceptance of crypto-assets and blockchain technology will continue to increase and become an integral part of the asset mix."
Bitcoin and ether in the balance sheet of KPMG in Canada
KPMG in Canada announced the company's “first investment of its kind” on Monday. KPMG is one of the Big Four auditing companies. The announcement details:
KPMG in Canada has completed an assignment of crypto-assets to his corporate fund, the company's first direct investment in crypto assets.
"The allocation includes Bitcoin ( bitcoin ) and Ethereum ( ETH ) and CO2 compensations to maintain a net-zero-CO2 transaction in order to fulfill the company's declared obligations in the areas of environment, social and corporate management (ESG), " explained KPMG.
The auditing company acquired Bitcoin and Ether in their balance sheet about the execution and custody services of Gemini Trust Company LLC.
Benjie Thomas, managing partner of Advisory Services, KPMG in Canada, commented: “Investors such as hedge funds and family offices up to large insurers and pension funds are increasingly involved in crypto facilities and traditional financial services such as banks, financial advisors and brokers, products and services, the crypto-sessions include. " He said:
This investment reflects our conviction that the institutional acceptance of crypto-assets and blockchain technology will continue to increase and become an integral part of the asset mix.
Kareem Sadek, Co-Leader of Cryptoassets and Blockchain Services, KPMG in Canada, said: "The crypto-asset industry is growing and maturing and must be taken into account by financial service providers and institutional investors." He continued:
We have invested in a strong crypto-asset practice and will improve and expand our skills in the areas of decentralized finances (defi), not fungible tokens (NFTS) and the meta-verses, to name just a few. We expect strong growth in these areas in the coming years.
What do you think that KPMG Bitcoin and Ether will accept his corporate fund? Let us know in the comment area below.
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