Clarity Analytics. Digit Asset Accounting & Reporting

Digital Asset Complexities

Clarity principals, with their CPA and fund management CFO level background, will shoulder this burden for you by delivering reports that are reconciled daily.

Next Day Reports

We deliver fully-reconciled reports on a T+1 day basis to management.

CeFi, DeFi and Traditional

Whether you're trading on Binance, CME or OpenSea, we have you covered.

Pricing

Clarity's pricing engine gathers conversion prices in very small time increments to price the transactions at time of execution.

Custom Reports

We build custom reports and accounting to meet your company's management and accounting needs.

Break Period Accounting

Fund holdings must be properly and accurately valued to honor investor activity. This includes recording interest accruals that are embedded in smart contract tokens. Clarity will gather these accruals whether it takes an API call to the applicable blockchain or the smart contract itself.

Pricing and Valuation

Clarity will work with you and your auditors to assure compliance with ASU No. 2023-08 pronouncement.

Tracking Cost Basis

When a transfer is initiated, the system will select tax lots from the transferor account to preserve the cost basis and holding period of the coins or tokens being transferred.

Tax basis issues are also encountered when pledging or staking coins or tokens into liquidity pools. The primary issue when pledging or staking is whether that action is reasonably determined to be a realized tax event. This determination will primarily depend on the mechanics of the smart contract. If the investor, at the termination of the transaction, has property returned that is materially the same, then the initiation of the transaction is not a realized tax event and Clarity's system processes that accordingly.

Reconciliation

Trades and transactions, along with balance and position snapshots, are automatically gathered nightly from the centralized exchanges and blockchains. On the following day, after the data has been processed, our staff conducts a full reconciliation. You will no longer have to rely on screenshots pulled at varying times or inexpensive data services that are inaccurate.

Data Storage

All activity is stored in our data repository in a silo that is specifically assigned to each client in accordance with our data security policy. Your data can be easily retrieved for your own analysis or for external audits.