Blockchain
Consola.finance Launches Automated Finance & Accounting Platform for Web3 Firms
- Consola.finance has announced the release of its finance and accounting platform with an unparalleled infrastructure for on-chain data, completely revamping how web3 firms approach crypto finance management.
- The launch follows after identifying the lack of comprehensive accounting tools to record all transactions, wallet balances, and other on-chain operations.
Vienna, Austria–(Newsfile Corp. – January 10, 2023) – Consola.finance, announced today the launch of its anticipated end-to-end finance and accounting platform specifically designed for web3 firms. Following the successful pre-seed round September in 2022, closing €1.1 million in funding, the B2B SaaS platform offers an innovative solution for bookkeeping, accounting, and reporting for all blockchain transactional activity.
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The launch follows after identifying the lack of comprehensive tools to unify accounting related processes. At present, there is no benchmark process for crypto bookkeeping, and international accounting standards do not provide any bookkeeping framework. Bookkeeping is a crucial element to the success of all web3 organizations, and despite the millions of crypto transactions active daily across the globe, most crypto bookkeeping is still recorded manually.
Now more than ever, the recording of trading, staking, or payments is of great importance, and as a result, automated crypto bookkeeping solutions are gaining traction across web3 businesses.
Consola.finance is committed to providing companies with clarity and control over their crypto finances, and their first product version successfully achieves this goal. With features like transaction and price fetching, fiat valuation, auto-categorization, cost basis calculation, profit and loss calculation, dashboarding, and reporting, the platform provides a solution to streamlining a web3 company’s financial processes.
Moreover, the platform aims to unify on-chain operations across accounting, payments, and DeFi, enabling organizations to fully leverage the potential of blockchain in a secure, compliant, and efficient manner, offering unprecedented solutions for automated payments, expense, and invoice management.
Consola.finance worked closely with leading organizations including to build its robust platform.
“We are excited to launch our first product version and offer web3 firms a solution to manage their crypto finances with ease. We have built a completely new on-chain data infrastructure that provides the highest level of quality, and have partnered with leading node providers and auditing firms to ensure the accuracy and reliability of our data.”, said Jacob from consola.finance
“Consola.finance is an extremely powerful tool that helps crypto natives like me to better organize, interpret and use the power of my data to make better decisions”, said Matt from Rook DAO.
“Consola.finance takes the manual time-consuming work out of on-chain accounting, freeing up my time to focus on other high-value operations”, said Adam from Decent DAO.
Through consola.finance’s partnerships with significant node providers, tax advisors and DeFi applications to integrate their solutions, the company successfully closes the gap of companies currently requiring several point solutions to manage, spend, track and report their on-chain finances.
About consola.finance
consola.finance, an EU-based finance and accounting SaaS platform brings clarity and control to companies’ crypto finances. consola.finance automates crypto finance processes like bookkeeping and reporting, saving valuable time and reducing the risk of human error.
To try out consola.finance, companies can visit app.consola.finance and sign up. For partnerships, consola.finance can be contacted via [email protected], Twitter or Discord.
Contact Info:
Maral Nouri
[email protected]
+971504879283
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150687
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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