AQRU PLC (AQSE:AQRU), an incubator specialising in opportunities in decentralised finance (DeFi), has partnered with Ben Sampson and Elliot Fielding, managing partners of UK-based chartered accountancy firm Sampson Fielding, to launch a start-up under the brand Daxiom.
Daxiom will offer technology-led accountancy and advisory services for institutions holding digital assets, and their auditors.
Daxiom leverages AQRU’s proprietary software to enable institutions to quantify and independently verify the value of the digital asset holdings, including non-fungible tokens and cryptocurrencies, as well as accurately account for all digital transactions in a given period.
Philip Blows, chief executive officer of AQRU and director of Daxiom, said: "By using AQRU's software to quantify and verify the value of digital assets, and Ben Sampson and Elliot Fielding's sector expertise, we're making accounting and reporting easier and taking much of the burden off organisations holding digital assets.
"We look forward to working in this endeavour to ensure that accounting and reporting issues don't prevent organisations and investors alike from joining crypto and DeFi and taking advantage of the opportunities available in the sector."
Fielding commented: "Through Daxiom, we're combining our expertise in the digital assets sector with AQRU's tech-led cryptocurrency and DeFi accounting solution to create a first-class offering to support organisations operating in this space."
Digby Try, co-founder of AQRU, is also part of Daxiom’s senior leadership team.