New partnership brings industry-leading expertise and
comprehensive asset management solutions to streamline the manual
process of asset seizures.
NEW
YORK, Sept. 11, 2024 /PRNewswire/ -- Asset
Reality, the global authority on asset seizure, management, and
disposal, and Taxbit, the leader in financial digital asset
compliance solutions for enterprises and the public sector, are
pleased to announce a new strategic partnership. The collaboration
will provide government agencies with industry-leading expertise
and an integrated solution supporting all aspects of digital asset
seizure, management, disposal, reporting, and accounting.
Managing digital assets presents unique challenges that require
both specialized expertise and tools. Through this partnership,
Asset Reality and Taxbit will offer a comprehensive end-to-end
solution to track audit and report on seized asset portfolios
across the entire forfeiture lifecycle.
Key benefits of this partnership include:
- Comprehensive Lifecycle Support: Asset Reality's
capabilities combine specialist knowledge and purpose-built tools
to manage the seizure, custody, valuation, and disposal
(liquidation, conversion and return) of digital assets.
- Streamlined Information Collection, Reporting, and
Analysis: Automated case-level unit-tracking, valuation,
holdings reconciliation, and reporting through Taxbit's platform,
providing government agencies with more accurate, easily accessible
reports and case documentation for both real-time and historical
analysis.
- Comprehensive Training and Services: Industry-leading
training and managed services from Taxbit and Asset Reality's
subject matter experts, ensuring government agencies are
well-equipped to manage digital assets under their control.
"We are excited to partner with the Asset Reality team — they
have built an incredible offering and provide unique expertise in
the asset seizure lifecycle," said Lindsey Argalas, CEO of Taxbit.
"With Taxbit's cutting-edge data normalization, monitoring, and
reporting technology, we enable agencies to better manage assets
with the necessary transparency and internal controls."
"Our collaboration with TaxBit sets a new standard in the
industry," said Aidan Larkin, CEO of
Asset Reality. "By integrating our comprehensive seized asset
management tools with TaxBit's compliance and reporting
capabilities, we deliver unparalleled support to our clients,
helping them navigate the complexities of the digital asset
landscape."
This partnership marks a significant advancement in digital
asset-related law enforcement efforts, offering a seamless,
integrated solution that addresses the challenges of digital asset
management for governmental agencies. For more information on how
this solution can support your division, please visit
taxbit.com.
About Asset Reality
Asset Reality is the global leader
in asset seizure and management, providing unique capabilities
across the entire seized asset lifecycle for both physical and
digital assets. These capabilities include integrated custody
options, valuation, disposal, and specialised training, making them
the only company that offers a complete asset management
solution.
About Taxbit
Designed by CPAs and tax attorneys,
Taxbit is the digital economy's leading tax and accounting
compliance solution. Our end-to-end platform, tailored for
enterprises, financial institutions, and government bodies,
streamlines compliance while ensuring high-end accuracy. Taxbit is
SOC 1 Type 1, SOC 2 Type 2 attestation and ISO 27001 certified.
Taxbit has secured over $235 million
from leading global investors, including Ribbit, IVP, Paradigm,
Haun Ventures, and PayPal Ventures. TaxBit is headquartered in
Draper, Utah, with offices in
Salt Lake City, San Francisco, Seattle, New
York, and Washington, D.C.
For more information, please visit www.taxbit.com.
For media inquiries, please contact
Sydney Jacobs
sydney.jacobs@taxbit.com
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SOURCE Taxbit