Singapore, 9 November 2023 – HashKey Singapore, a leading Web3 infrastructure platform and digital asset management group, has entered into a Memorandum of Understanding to explore the integration with leading on-chain accounting software platform, Elven. Elven will provide HashKey Singapore with financial reporting services using their product services and system integration with HashKey Singapore’s existing platforms and systems.
Elven aims to provide HashKey Singapore with the best practices of crypto financial management through the combination of innovative software and professional technical blockchain accounting advisory. With the integration of Elven, HashKey Singapore will have a more automated and transparent on-chain accounting process.
The integration with Elven serves to address the existing challenge of managing intricate OTC trades and reconciling high volume of cryptocurrency transactions. By making use of Elven's top-tier financial management platform for crypto assets, HashKey Singapore can achieve improved financial oversight and transparency, thereby boosting decision-making efficiency by leveraging data. With a strong focus on financial reporting, HashKey Singapore's objective is to enhance its public credibility by utilizing Elven.
Guo Junxiu, the CEO and founder of Elven, emphasized, "This partnership represents a significant stride towards the widespread adoption of crypto financial reporting and accounting. We are confident that it will promote greater transparency and improved accounting practices in the Web3 ecosystem. Furthermore, it lays the foundation for establishing institutional standards, cultivating a more robust, compliant, and transparent environment within the cryptocurrency industry."
Elven (www.elven.com) is a professional financial management software for digital assets. We provide solutions including one-stop bookkeeping, financial auditing, and on-chain proof of reserve for crypto-native projects, accounting firms, centralized exchanges, and DAOs. Our mission is to provide clients with the best practice of crypto financial
About HashKey Capital
Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries. HashKey Capital, one of the largest crypto funds and the earliest institutional investor in Ethereum, has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications. With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.