The goal of the Statement of Digital Assets (SoDA) is to translate on-chain holdings into clear and articulate reporting for all stakeholders rationalizing the balance sheet.

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This work is led by a small but growing group of finance, accounting, crypto, and web3 professionals and is a public benefit collaboration intended to open source best practices for an increasingly important aspect within finance and accounting.

We started with the balance sheet because of a treasury’s importance to crypto-native businesses. Further development of this statement as well as exploration in areas such as digital assets’ impact on cash flow statements and month-over-month token rollforwards are in the works.

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