iVE.ONE enhances their digital asset infrastructure and partners with PwC Germany for tax treatment of digital assets.

iVE.ONE, the leading provider of a digital asset infrastructure based in Frankfurt am Main, has partnered with the auditing and consulting firm PwC Germany, one of the leading professional service organizations in Germany and a member of the worldwide PwC network, to integrate a tax solution for private and commercial investors.

Frankfurt, 9th December 2021  

With the market demand increasing for cryptocurrencies and digital securities in Germany and Europe, iVE.ONE is experiencing a higher interest from banks, asset managers, investment companies, and corporates to integrate iVE.ONE infrastructure that enables their clients the access to digital assets. With this interest also comes the demand for a trusted solution, especially on aspects such as compliance and tax questions.

For that reason, iVE.ONE has joined forces with the auditing and consulting firm PwC Germany (PwC) to integrate PwC’s crypto tax solution via a so-called Application Programming Interface (API) to provide a regulatory compliant tax reporting implementing a simplified process for private and commercial clients in the future.

The tax regulations of digital assets and cryptocurrencies are worldwide in discussions and complex by nature. The interest in digital assets arises among investors due to attractive return opportunities, e.g., by staking, lending, farming, or even mining cryptocurrencies. In particular, regulated institutions have to provide a regulatory conform and integrated tax reporting solution to their clients that can be integrated autonomous and without high efforts of IT-resources.  

The challenge of digital asset taxation lies exactly in the agile interplay between taxation expertise and technological know-how. As the eco-system demands highly automated and integrated tax solution, the eco-system also has not established yet a clear regulatory guidance whereas at the same time new products and services are emerging on a frequent basis. PwC is therefore combining its core taxation expertise and best-practice insights with top-notch technology assets and competencies to deliver trustful automated crypto or token taxation reports under one umbrella.  

On the partnership with PwC, Phong Dao, CEO of Agora Innovation that develops the infrastructure iVE.ONE said: “We are pleased to collaborate with a recognized company like PwC to support our clients and their investors in all relevant tax questions. As a fintech, we can move fast in the development and integration of new requirements that are needed to build a better digital asset ecosystem. And with PwC’s tax solution, we have a trusted partner and cover the demand of regulated institutions to use our digital asset infrastructure iVE.ONE.”  

Dr. Robert Holzmann, Senior Manager at PwC Germany and Digital Asset expert adds to this: “With increasing relevance of digital assets and the consequent need for regulation, we set high expectations in the partnership with Agora Innovation as a leading entrepreneur and provider of digital asset infrastructure solutions like iVE.ONE. Adding our tax and regulatory compliance competencies to iVE.ONE’s first-mover technology capabilities build trust in the society and perfectly fits to PwC’s purpose. Taxation – as one of PwC’s very core competencies – is the perfect use-case to start with, paving the way for much more to come.”

The timing for the collaboration could not have been better. Just recently, iVE.ONE partnered with Coinbase, the leading platform for cryptocurrencies to utilize their infrastructure in order to offer cryptocurrencies to the institutional sector in a secure environment. Germany has passed a law as recently as last months, which enables institutional investment funds to allocate up to 20% of the “Spezialfonds” to cryptocurrency.  

About iVE.ONE

iVE.ONE enables access for banks, corporates, investment companies and asset managers to a modernized capital market with blockchain technology. iVE.ONE provides a plug & play infrastructure with a white-label front-end solution with an intuitive and user-centric interface to access digital assets. The infrastructure is built on global regulation and compliance. iVE.ONE is funded by EOS VC, a collaboration between block.one and C3 Management GmbH, High-Tech Gründerfonds, tokentus Investment AG and CVVC AG. 

Press Contact iVE.ONE

Yana Chistovskaya

Senior Growth Marketing Manager

y.chistovskaya@ive.one

www.ive.one

Tel: +49 157 353 902 68

About PwC Germany  

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 155 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. Please see www.pwc.com/structure for further details. Press Contact PwC Germany

Press Contact PwC Germany

Sven Michael Hoffmann

Communications

sven.michael.hoffmann@pwc.com

https://www.pwc.de/en

Tel: +49 211 9817466

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