Entities holding crypto today — whether protocols, foundations, or operating companies — struggle to present their true financial position using current GAAP standards. Legacy reporting treats digital assets as a single line-item, lacking visibility into liquidity, valuation, or asset status. This not only prevents meaningful analysis but also leads to uninformed decisions.

Producing a Statement of Digital Assets (SoDA) alongside your balance sheet solves this by providing a transparent, detailed view of holdings, liquidity, and token restrictions — all in one place and in real-time. Unlike separate, one-off reports, a SoDA is generated from the same source data as the balance sheet, ensuring consistency and transparency. This standardized format helps CFOs track and evaluate performance, bridging on-chain data with financial statements while reducing overhead and minimizing risks associated with manual reporting.