#91: DeFiBank for Enterprises with Jozef Vogel, COO of EtherFi
Banking has always been about trust and control. Neobanks upgraded the user experience, but the system remained centralized.Now, we’re in the third wave: DeFi banks, a non-custodial, blockchain-based, and fully user-controlled.Leading this shift is EtherFi, offering a seamless way to save, earn, and spend without traditional banks. Think fiat on/off ramps, asset deployment into BTC, ETH, stables, staking, swapping, and more all in one place.Jozef Vogel, COO of EtherFi, shares how finance professionals can start using these tools in their day to day business.✅ OUR RESOURCES💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting https://www.theaccountantquits.com/free-class 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy ✊ Follow The Accountant Quits on Socials👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits 👉 Twitter(X): https://x.com/accountantquits 👉 YouTube: https://www.youtube.com/@theaccountantquits 🎙️ Follow Episode Guest Jozef Vogel: https://www.linkedin.com/in/jozefvogel/ 🎧 WebsiteFor show notes and past guests, please visit https://www.theaccountantquits.com/podcast Topics covered;(0:00) Coming Up(0:31) Episode intro(2:38) ether.fi’s growth to $6.8B TVL(6:47) Ether.fi as a DeFiBank - save, earn, & spend(12:32) Thanks to our sponsor Octav(14:15) Ether.fi’s liquid vaults for DeFi rewards(16:20) Onboarding for institutions(18:12) Use cases for off ramping product(20:34) ether.fi’s business model & why DeFi can outperform TradFi(23:59) Transparency in DeFi (25:15) Subledgers for public DeFi reporting?(26:20) ether.fi Cash product(28:04) Thanks to our sponsor Request Finance(29:34) ether.fi’s corporate card features(31:19) What is a BIN sponsor(32:20) How borrowing works in ether.fi(34:32) Strategy to reach CeFi & neobank users(35:52) Licensing & navigating global regulation.(37:06) Do web3 projects still need a bank?(39:16) Hiring at ether.fi (40:13) Final thoughts(40:44) Partnership opportunities(41:41) Connect with Jozef
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42:16
#90: Token Launch & Valuation with Neil Thakur from Teknos Associates
In practice, token launches are often delayed, and that can slow down the entire roadmap of a web3 project.Once there’s a traded price for a token, it’s difficult to walk it back. Post-launch valuations are often magnitudes higher than pre-launch ones. That’s why valuation reports have a limited shelf life, and why getting it right matters.My guest is Neil Thakur, Managing Director and Founding Member at Teknos Associates, a crypto valuation & advisory firm.If you’re in the middle of launching a token or structuring your SAFT with lawyers and advisors, this episode could help you avoid some costly mistakes.✅ OUR RESOURCES💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting https://www.theaccountantquits.com/free-class🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy ✊ Follow The Accountant Quits on Socials👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits 👉 Twitter(X): https://x.com/accountantquits 👉 YouTube: https://www.youtube.com/@theaccountantquits 🎙️ Follow Episode GuestNeil Thakur: https://www.linkedin.com/in/neilkthakur/🎧 WebsiteFor show notes and past guests, please visit https://www.theaccountantquits.com/podcast Topics Covered:(0:00) Coming Up(0:59) Episode intro(2:49) When to get a token valuation & pitfalls(9:14) Shelf life of a token valuation report(11:25) IP valuation & transfer pricing issues(16:04) Transfer pricing for LabCo, Token SPV & Foundation(18:47) Thanks to our sponsor Request Finance(20:27) Token grants & valuation(24:27) Differences with common option grants (27:42) Checklist for structuring token grants(31:16) Tax savings through 83b election filing(38:02) Pricing methodologies for a token pre-launch(44:00) Thanks to our sponsor Octav(45:40) What if you forgot to file a 83(b) election(48:05) Donations and gifting with HNW individuals (50:31) M&As in web3 & valuation issues(53:49) Provisions for protection against token considerations for M&As(55:19) Level 2 and Level 3 crypto assets(01:00:40) Overview of Teknos Associates services(01:04:33) Onboarding of a client(01:07:35) Services after a token launch(01:09:31) Closing thoughts(01:12:26) Reach out to Neil
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1:13:11
#89: A Legal Guide for Token Launches with Jonathan Turnham from NXT Law
Before a token hits the market, founders face complex legal and tax decisions that can make or break their project.Where to incorporate? What type of token to issue? How does your personal residency affect taxes?On Ep. 89, I’m joined by Jonathan Turnham, Managing Partner at NXT Law, who’s helped launch over 350 Cayman Foundations and advised crypto projects since the ICO era.If you're involved in a token launch, this episode could save you from major legal headaches.✅ OUR RESOURCES💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting https://www.theaccountantquits.com/free-class🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy ✊ Follow The Accountant Quits on Socials👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits 👉 Twitter(X): https://x.com/accountantquits 👉 YouTube: https://www.youtube.com/@theaccountantquits 🎙️ Follow Episode GuestJonathan Turnham: https://www.linkedin.com/in/jonathan-turnham/🎧 WebsiteFor show notes and past guests, please visit https://www.theaccountantquits.com/podcast Topics Covered:
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1:19:48
#88: Fund Accounting for Digital Assets with MG Stover & Otto
The investment fund industry is massive, spanning everything from mutual funds and hedge funds to private equity and ETFs. But something’s changing.Finance is shifting from slow, opaque off-chain transactions to fast, transparent on-chain finance. Tokenized funds are here, with institutional AUM now over $470 million (rwa.xyz).Leading this evolution is MG Stover, managing $40billion+ in digital assets and now part of Securitize, a leader in tokenizing real-world assets ($3.7billion on-chain). Their latest innovation? Otto, an app designed for institutional digital asset funds.On Ep. 88, I speak with Patrick Clancy, Head of Growth at MG Stover, about fund administration for digital assets, how to launch a digital assets fund, and the tech driving them.✅ OUR RESOURCES💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting https://www.theaccountantquits.com/free-class🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy ✊ Follow The Accountant Quits on Socials👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits 👉 Twitter(X): https://x.com/accountantquits 👉 YouTube: https://www.youtube.com/@theaccountantquits 🎙️ Follow Episode GuestPatrick Clancy: https://www.linkedin.com/in/keepingitpc/ 🎧 WebsiteFor show notes and past guests, please visit https://www.theaccountantquits.com/podcast Topics Covered:(0:00) Coming Up(0:49) Episode intro(3:50) Challenges with digital assets fund admin(5:35) Difference between fund admin & fund manager(8:05) Working with regulated custodians(9:20) Operational setup, including NAV reporting(13:02) Gaps in DeFi tooling(15:47) Thanks to our sponsor Request Finance(17:26) Fund structures for digital assets(23:10) Capital markets narratives (27:58) Tipping point for tokenized funds(30:42) History of MG Stover with crypto fund admin(34:54) Acquisition by Securitize(36:11) Thanks to our sponsor Octav(37:52) Otto, a tool for fund administration(41:33) Otto v/s subledger v/s Allvue(45:01) Growth initiatives for Otto(49:09) Closing education gap for accountants(52:11) Closing thoughts(53:05) Patrick’s favourite maxim
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54:52
#87: The Future of Crypto Accounting with Chandan Lodha from CoinTracker
Tokenization is hitting an inflection point, with $4–5 trillion in digital securities expected by 2030.Crypto accounting has come a long way from the Wild West days, but challenges remain for crypto accountants.Regulators and accounting bodies are stepping in, and a real crypto finance stack is finally emerging.On Episode 87, I'm joined by Chandan Lodha, Co-Founder of CoinTracker, who’s helped 2.5M+ users with crypto taxes and is now tackling enterprise accounting with a new crypto subledger.✅ OUR RESOURCES💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy ✊ Follow The Accountant Quits on Socials👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits 👉 Twitter(X): https://x.com/accountantquits 👉 YouTube: https://www.youtube.com/@theaccountantquits 🎙️ Follow Episode GuestChandan Lodha: https://www.linkedin.com/in/clodha/ 🎧 WebsiteFor show notes and past guests, please visit https://www.theaccountantquits.com/podcast Topics Covered;(0:00) Coming Up(0:41) Episode intro(2:25) Founding CoinTracker(4:29) How did Google work experience help(6:42) Challenges for businesses with crypto accounting(9:16) Why launch a subledger(14:21) Thanks to our sponsor Octav(16:03) How to build a subledger(19:42) Crypto tax tool v/s subledger(22:34) Should subledger offer AR/AP features(27:14) CoinTracker Enterprise & its subledger features(30:18) Can enterprise users generate tax reports(32:36) Learnings building a subledger(35:58) Thanks to our sponsor Request Finance(37:39) Marketing CoinTracker Enterprise(40:34) Upcoming features(41:35) Career opportunities for accountants with crypto(43:46) Practical steps to start using crypto in a business(45:43) Closing Thoughts(46:58) Get $500 off from CoinTracker Enterprise(47:20) Favourite quote
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting.
From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work.
Website - www.theaccountantquits.com
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