Banking has always been about trust and control. Neobanks upgraded the user experience, but the system remained centralized. Now, we’re in the third wave: DeFi banks , a non-custodial, blockchain-based, and fully user-controlled. Leading this shift is EtherFi , offering a seamless way to save, earn, and spend without traditional banks. Think fiat on/off ramps, asset deployment into BTC, ETH, stables, staking, swapping, and more all in one place. Jozef Vogel , COO of EtherFi , shares how finance ...
Jun 27, 2025•42 min•Season 1Ep. 91
In practice, token launches are often delayed, and that can slow down the entire roadmap of a web3 project. Once there’s a traded price for a token, it’s difficult to walk it back. Post-launch valuations are often magnitudes higher than pre-launch ones. That’s why valuation reports have a limited shelf life, and why getting it right matters. My guest is Neil Thakur , Managing Director and Founding Member at Teknos Associates , a crypto valuation & advisory firm. If you’re in the middle of la...
Jun 12, 2025•1 hr 13 min•Season 1Ep. 90
Before a token hits the market, founders face complex legal and tax decisions that can make or break their project. Where to incorporate? What type of token to issue? How does your personal residency affect taxes? On Ep. 89, I’m joined by Jonathan Turnham , Managing Partner at NXT Law , who’s helped launch over 350 Cayman Foundations and advised crypto projects since the ICO era. If you're involved in a token launch, this episode could save you from major legal headaches. ✅ OUR RESOURCES 💌Join ...
May 30, 2025•1 hr 20 min•Season 1Ep. 89
The investment fund industry is massive, spanning everything from mutual funds and hedge funds to private equity and ETFs. But something’s changing. Finance is shifting from slow, opaque off-chain transactions to fast, transparent on-chain finance. Tokenized funds are here, with institutional AUM now over $470 million (rwa.xyz). Leading this evolution is MG Stover , managing $40billion+ in digital assets and now part of Securitize , a leader in tokenizing real-world assets ($3.7billion on-chain)...
May 14, 2025•55 min•Season 1Ep. 88
Tokenization is hitting an inflection point, with $4–5 trillion in digital securities expected by 2030. Crypto accounting has come a long way from the Wild West days, but challenges remain for crypto accountants. Regulators and accounting bodies are stepping in, and a real crypto finance stack is finally emerging. On Episode 87, I'm joined by Chandan Lodha , Co-Founder of CoinTracker , who’s helped 2.5M+ users with crypto taxes and is now tackling enterprise accounting with a new crypto subledge...
Apr 27, 2025•49 min•Season 1Ep. 87
Fractional leadership is booming, especially in web3. Startups can tap into C-suite expertise without the full-time salary. But once VC money hits, if your financial ops aren’t solid, you’re not scaling, you’re stalling. Enter the Fractional CFO: a strategic partner handling fundraising, treasury, and audit readiness. In this episode, I chat with Nauman Mustafa (Managing Partner at HashLedger & CFO at Celo Foundation) about what it takes to launch a Fractional Web3 CFO practice. ✅ OUR RESOUR...
Apr 11, 2025•55 min•Season 1Ep. 86
In traditional finance, Treasury Management is a well-documented practice with plenty of guidance and literature. But in web3, many of those concepts don’t quite apply. Foundations, DAOs, and other web3 startups often hold their treasuries in wallets, with those assets remaining idle. But by strategically allocating part of their treasury to generate yield, these organizations can create an additional revenue stream to help finance daily operations. The companies that understand DeFi tend to hav...
Mar 30, 2025•42 min•Season 1Ep. 85
Crypto sub-ledgers have evolved from their early days when they would only be required to categorize onchain transactions and calculate the realized gain/loss under the appropriate cost basis method. To satisfy their existing customers and bring new players into the industry, sub-ledgers have to adapt to new requirements from local GAAP & IFRS, and regional regulatory requirements like MiCA in Europe or VARA in the UAE. Finding a sub-ledger that only provides crypto bookkeeping features is n...
Mar 21, 2025•1 hr 16 min•Season 1Ep. 84
The extra steps needed to tap into DeFi protocols often intimidate web3 companies from putting idle capital to work. Many of these companies hold large amounts of stablecoins like USDC and USDT, sitting idle and earning no yield. Since the start of 2025, Coinshift has been redefining how users earn passive income on stable assets through their liquid lending token, csUSDL, backed by U.S. Treasury Bills. Unlike traditional stablecoins like USDC, where users need to actively lend or stake to gener...
Feb 23, 2025•51 min•Season 1Ep. 83
As the number of new blockchains and protocols continues to surge, accountants face an increasingly complex challenge in reconciling on-chain data. With no universal standard for blockchain data, and significant variations in how different chains operate, the task becomes even more daunting. Accountants are not engineers, they rely on tools like sub-ledgers and tax tracking platforms to handle crypto accounting and tax compliance. To help us understand how to navigate through managing data in a ...
Jan 30, 2025•41 min•Season 1Ep. 82
Donald Trump’s presidency is stirring up buzz in the web3 communities. Builders and users alike are optimistic about how the new administration could shape the future of digital assets, with promises of clearer regulations and greater adoption of cryptocurrencies on the horizon. But while we wait for these changes to take effect, there are already some major tax updates you need to know. To help us navigate these complex but important updates, I spoke with RSM US , one of the largest accounting ...
Jan 16, 2025•58 min•Season 1Ep. 81
In this special New Year's episode, I’m pulling back the curtain on what The Accountant Quits has been up to in 2024 and giving you an exclusive preview of what’s ahead in 2025. I’ll dive into the milestones we’ve hit, from the Crypto Accounting Academy ’s relative success to the launch of the Crypto Accounting Accelerator . Plus, I’ll highlight the growth of our weekly newsletter, the debut of our tools page for navigating crypto accounting, finance, and operations, and key takeaways from the c...
Jan 03, 2025•25 min•Season 1Ep. 80
One school of thought argues that DAOs should avoid any legal structure and remain unregistered in all jurisdictions. But having a legal entity allows the DAO to engage in contracts with other real-world entities, and perhaps the biggest of all, A legal entity protects the individual participants of a DAO from unlimited liability. One structure that has gained popularity is the Cayman Islands Foundation structure. This facilitates opening bank accounts, exchange accounts, or dealing with vendors...
Dec 20, 2024•1 hr 8 min•Season 1Ep. 79
A recurring theme among the CFOs I've interviewed is their common starting point: a lot of them started out at the Big4 accounting firms. I call these places boot camps for accountants - you’re surrounded by some of the brightest minds in accounting, working on massive clients, and the name on your resume alone gets people to take you seriously. Yes, the hours are grueling, and the starting pay is modest. But for those willing to embrace the grind, the payoff isn’t just a paycheck - it’s the fou...
Dec 07, 2024•1 hr 11 min•Season 1Ep. 78
For the past 2 years, downsizing has been rampant across the board at companies embracing AI. According to Techcrunch, in 2024 alone, there have been more than 130,000 job cuts across 457 companies, from tech giants like Google, Salesforce, Dropbox, Microsoft and Consensys. If existing companies are slashing their workforce, the new startups are also leveraging AI to build a lean workforce. For the past year and a half, Breezing , a crypto subledger, has been quietly hustling, shipping products ...
Nov 22, 2024•1 hr•Season 1Ep. 77
With traditional banks, it takes days to move your money, they offer little to no yield, and worst of all, they can freeze your account without warning. Also, you no longer control your assets once deposited - they become liabilities on the bank’s balance sheet. That means if things go wrong, your best hope is a bailout. We’re currently ushering into a new era of banking, one powered by stablecoins. One company building on this vision is Dakota , a crypto-powered neo-bank designed for global bus...
Nov 01, 2024•39 min•Season 1Ep. 76
If you’re a technical accountant who’s also bringing in new business for your company, I have to ask - why haven’t you started your own firm yet? Yeah, the idea sounds terrifying at first. You’re stepping out of the cozy safety net of a guaranteed paycheck. But if you’ve got grit and the guts to be an entrepreneur, why keep waiting? Sure, it’s hard work, but in the end, it’s worth every ounce of effort. It's the satisfaction of creating something that’s yours. Being a crypto accountant is an eme...
Oct 21, 2024•50 min•Season 1Ep. 75
Many projects in web3 label themselves as payroll products when they’re payment products. If you’re looking for a crypto payroll provider, an important prerequisite should be that they know how to handle the following; Calculate tax withholdings, Run social security deductions, File taxes for employees Platforms like Deel, Oyster, or Remote.com allow you to have access to a global pool of talent. But, they were built for fiat, not crypto. On Episode 74, Dominika Stobiecka , CEO and Co-Founder of...
Oct 05, 2024•50 min•Season 1Ep. 74
Since 2017, over $8billion has been lost on-chain due to smart contract hacks, infrastructure issues and rugpulls. The figure becomes even larger when you count phishing attacks and scam coins. Yet today the vast majority of on-chain transactions and protocol positions aren’t protected… for example if you look at DeFi current TVL which is around $80billion, there is only about $100m which is covered or insured against protocol risk. One company that is on a mission to make DeFi safe and accessib...
Sep 21, 2024•50 min•Season 1Ep. 73
As the world moves “on-chain,” so too will the need for auditors. With auditors naturally evolving their practices from periodic paper reporting, to digitally native, API-enabled, Oracle-ready, and real-time reporting. But how do auditors bridge the gap and how can the auditing industry as a whole remove the technical barriers to entry? Enter LedgerLens , a platform made for auditors, by auditors. Providing a suite of crypto-audit and attestation tools, enabling auditors to complete financial st...
Sep 06, 2024•56 min•Season 1Ep. 72
When it comes to internal controls, management is responsible for designing, implementing, and maintaining effective internal controls. Auditors on the other hand would test for the operating effectiveness of these controls. Many auditors today lack the specialized expertise needed to provide assurance for companies holding digital assets, but if we are rooting for cryptocurrencies to become mainstream, auditors will have to quickly come to grips with how to provide assurance for digital assets....
Aug 22, 2024•56 min•Season 1Ep. 71
There is no current standard framework on how transactions within DAOs should be structured and accounted for. Transactions on the blockchain or so-called block explorers are cash-based and do not comply with accrual-based accounting. Today many companies having on-chain transactions use crypto sub-ledgers, but the essence of DAOs is to reduce the financial asymmetry of information and instead offer real-time and transparent accounting records. One company making a significant contribution to ad...
Aug 08, 2024•1 hr 9 min•Season 1Ep. 70
In its early days, businesses used crypto mainly for trading. However, more use cases have emerged in recent times. Making payments with crypto as we all know is lightning fast, but businesses utilizing self-custodial wallets need a full-fledged infrastructure with advanced customization. For example, managing user permissions and roles, creating approval workflows, and having quick integrations with exchanges or DeFi apps. The war for enterprise wallets is raging, and teams have to decide wheth...
Jul 27, 2024•37 min
Can crypto payments accentuate the trend for a globally distributed workforce? More and more people in emerging markets such as freelancers are using crypto to get paid, and having crypto as a payment option enables people to get employed anywhere in the world. So if you as an employer want to have the best talent globally, using crypto as a means of payment seem to work hand in hand. One company that has garnered substantial growth over the past months is Rise, which offers a platform to pay em...
Jul 17, 2024•40 min•Season 1Ep. 68
The deadline for new crypto regulation in the EU, termed the Market in Crypto-Assets (MiCA) is fast approaching, and many are wondering - What exactly does MiCA entail, and how can you prepare for it? For starters, MiCA applies to a broad range of entities providing services related to crypto, including exchanges, custodians, wallet providers, brokers, investment firms, and more. There are two key compliance deadlines based on the nature of your services: June and December 2024. Now in the absen...
Jun 28, 2024•1 hr 3 min•Season 1Ep. 67
A recurring theme among the CFOs I've interviewed is their common starting point: many began their careers at top accounting firms, such as the Big4. And the benefits of working for them are not insignificant - you are often surrounded by the brightest minds in accounting, work with some of the biggest clients, and your experience commands respect. Despite the long hours and relatively low initial compensation, many professionals accept these challenges, hoping that the skills and experiences ga...
Jun 15, 2024•51 min•Season 1Ep. 66
Blockchain technology is open source right, but to advance the development of accounting standards for digital assets, we need accounting bodies to be more open for collaboration in these changing times. This revolution cannot take place in an ivory tower. A group of accountants at Propeller Industries have answered the call, and are pioneering a new reporting methodology for digital assets, through the Statement of Digital Assets , or short for SoDA. SoDA is a standardized reporting methodology...
May 30, 2024•53 min•Season 1Ep. 65
The tokenomics is the catch-all of the elements that make a particular crypto project particularly valuable and interesting to investors. That includes everything from its initial minting process, the token’s supply, and what utility it has. Understanding tokenomics is crucial for making informed investment decisions. A project with well-designed incentives for buying and holding tokens is more likely to thrive and endure than one that lacks a robust ecosystem around its token. While the foundin...
May 17, 2024•56 min•Season 1Ep. 64
Digital assets and their underlying blockchain technology are an evolving area, and as such accountants frequently face the daunting challenge of scrutinizing existing accounting standards to derive the most reasonable interpretation. Innovation outpaces the speed of accounting regulation, leaving standard-setting bodies like the FASB for US GAAP or the IASB for IFRS struggling to keep pace. Whilst the Wall Street Journal reported that 300,000 accountants quit their jobs between 2019 and 2021, T...
May 02, 2024•38 min•Season 1Ep. 63
COVID has changed the game for companies hiring internationally. Previously, if an employer didn’t have an established business, or a legal entity in the jurisdiction where the foreign worker lived, often their only option would be to hire the worker as an independent contractor. Companies couldn’t hire full-time employees and were thus unable to grant health insurance, pension, and other benefits, like stock options. Enter the Employer of Records model which allows companies without entities ab...
Apr 22, 2024•49 min•Season 1Ep. 62
