AQRU partners with Sampson Fielding on Daxiom launch

The company specialising in decentralised finance, AQRU, has partnered with UK-based chartered accountancy firm Sampson Fielding to launch a start-up under the Daxiom brand, offering services for digital asset holders.  

It is reported that Daxiom will use AQRU’s proprietary accounting software, which the company first designed to support its start-up companies in the cryptocurrency and digital assets sector. 

According to the company, as the value of digital assets become prone to regular swings in value, having access to a solution that can “accurately” account for an organisation’s digital assets can contribute to “maintaining accuracy and auditability” in financial statements.

In addition, Daxiom will also offer advice to institutions on their reporting requirements and best practice for accounting for digital assets. The start-up will also work closely with clients’ teams to ensure that all data collected through its accounting software is filed accurately and reflected in their financial statements. 

The news of Daxiom’s launch are part of AQRU’s efforts to use its technical and blockchain expertise to offer a diverse portfolio of services and enable a wide range of investors to participate in the cryptocurrency and DeFi sector. 

Philip Blows, CEO of AQRU and director of Daxiom, said: “An increasing number of organisations are entering crypto and DeFi sector but, in doing so, they’ve found that accounting and reporting their digital assets can be a challenging process, and this constraint on being able to properly report on their assets further undermines investor confidence. 

“By using AQRU’s software to quantify and verify the value of digital assets, 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.”

Elliot Fielding, managing partner of Sampson Fielding and director of Daxiom, added: “The crypto sector has become increasingly popular in the last decade and, since then, we’ve been frequently approached by companies seeking assistance in reporting their digital assets. 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.”