MELD Passes a Cypress Financial Audit with Cryptoworth.

Previously, we partnered with MELD, a Layer 1 blockchain and DeFi protocol for web3 finance. This collaboration landed at a time of a milestone achieved by their team. In 2023, MELD completed a financial audit conducted by Cypress, a renowned name in the industry. This ensures the transparency, accuracy, and reliability of our crypto back-office solution.

The realm of digital assets is one of intricate complexity. Managing and accounting for digital assets on the blockchain demands precision and transparency. A crucial aspect of this journey is the ability to flawlessly undergo a rigorous financial audit. This achievement is a testament to joint effort and expertise of MELD and Cryptoworth team.

As of November 2024, MELD announced its decision to wind down operations, citing funding challenges and limited user adoption

The Compliance Badge: A Symbol of Trust and Credibility

Successfully completing a financial audit is a major milestone. It serves as an unequivocal symbol of trust and credibility in the world of web3 projects. The MELD team recognizes the importance of maintaining the highest standards, and this partnership has fortified our position as a reliable and robust player in the crypto back-office landscape.

We would advise any crypto business that is struggling to get their crypto accounting in order to use Cryptoworth. It will certainly address the multitude of issues arising when executing accurate crypto accounting and cash flow.
Gennaro Oliviero, Head of Finance at MELD

Cryptoworth’s cutting-edge software has been instrumental in simplifying the audit process. The capabilities in synchronizing data from blockchains, exchanges, and custody providers delivering insightful financial reports have played a pivotal role in our success. Meld leadership can’t underestimate the ability to translate all on chain data into financially manageable data

A Bright Future Ahead

While our collaboration with MELD has concluded due to their operational shutdown, Cryptoworth remains committed to providing a streamlined approach to empower financial management in the evolving digital asset landscape.

We remain committed to providing the tools and services necessary to navigate the ever-evolving digital financial landscape. Together, we look forward to a future where financial empowerment is within reach for everyone.

Explore a testimonial interview with Meld’s team. Gennaro Oliviero, Head of Finance, and Dilan Ropero, Senior Accountant, highlighted the dedication and expertise that led to this milestone. Check out the interview held with Gennaro.

Stay tuned for more exciting developments as we continue to build a stronger, more inclusive financial future.

Media Links

MELD (https://www.meld.com/) is a non-custodial DeFi protocol for web3 finance. It enables users to have full control of their assets without intermediaries. It offers cross-chain lending, borrowing, staking, and integrated fiat banking services on the MELD blockchain. MELD supports six leading blockchains, allowing seamless asset transfer, and integrates bridging into the MELDapp. Overall, MELD is a comprehensive DeFi protocol that empowers users to take control of their finances through a single platform. It is positioned to become a leading player in the DeFi space with its cross-chain capabilities and integrated fiat banking services.

Cryptoworth is a leading provider of crypto accounting software. It simplifies the financial management of digital assets for bookkeepers, CPAs, CAs, and CFOs. Cryptoworth synchronizes data from blockchains, exchanges, and custody providers, thus offering in-depth insights, financial reports, and seamless digital asset management. Its two-way syncing capabilities empower most popular accounting systems and ERPs, simplifying crypto management across exchanges, wallets, and smart contracts. By streamlining month-ends, Cryptoworth’s comprehensive data sync, insightful reporting, and effortless management make it an essential tool for navigating the complexities of the digital financial landscape.

Talk to a Crypto Accounting Expert

Cryptoworth provides partners a growth opportunity for accounting firms, CPAs, and technology consultants. Let’s get in touch.

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Authors

Cryptoworth

Cryptoworth, a leading crypto accounting software that helps web3 accountants speed up month-end closing.

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Ariel Eiberman

Ariel Eiberman is the marketing lead at Cryptoworth, a leading crypto accounting software that helps web3 accountants speed up month-end closing. He has more than 6 years of experience in product marketing for software companies and a background of organizing olympic games and polyglot meetups in multiple cities.

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