The Accountant Quits Podcast

Jacob Margulies is the Co-Founder at Reah, a financial operating system that unifies fiat banking, digital assets and AI-powered execution in one platform.
It provides global bank accounts, payments, treasury, cards and invoicing for businesses worldwide, all governed by one programmable policy engine.
And Reah describes itself as non-custodial. Customers have complete control of their assets, and Reah says it cannot access, freeze, or move their funds.
This episode also includes a live demo, where Jacob shares his screen and walks through the platform.

✅ OUR RESOURCES

🌐 Join a global community of web3 accounting & finance professionals - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/courses⁠⁠⁠⁠⁠⁠⁠

🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting - ⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/free-class⁠⁠⁠⁠⁠⁠⁠

🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto - ⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-accounting-academy⁠⁠⁠⁠⁠⁠⁠

💎 Join the next cohort of the Crypto Treasury Management Academy and learn how to optimize, allocate and protect your organization's treasury - ⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-treasury-management-academy⁠⁠⁠⁠⁠⁠⁠

✅ EPISODE SPONSOR

💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code OCF10) - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kryptos.io/?via=ocf-institute⁠⁠⁠⁠⁠⁠⁠

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🎙️ Follow Episode Guest
Jacob Margulies: https://www.linkedin.com/in/jacob-margulies-a32a9a115/

🎧 Website
For show notes and past guests, please visit https://www.theaccountantquits.com/

Topics covered:
(0:00) Coming Up
(2:52) Jacob’s story into web3
(5:50) What is an agentic neobank
(8:57) Traction at Reah
(9:58) How is Reah non-custodial
(11:57) How would customers retrieve funds if Reah shuts down
(12:59) Who is the custodian for fiat
(13:51) Does Reah have partner banks
(14:36) Custody for EVM, Bitcoin, Solana & Tron
(15:52) Business model of Reah
(18:08) Fiat/crypto transactions
(21:28) Get 10% off with Kryptos subledger
(23:09)  Off-ramping crypto to fiat
(25:52) Does AI Kill the Neobank Moat
(28:17) Treasury products  - BlackRock & AAA iShares ETF
(29:44) Business licences for Reah
(31:35) Competing with other neobanks like Meow, Altitude
(33:22) Demo of Reah
(43:15) Integrations with accounting softwares like Xero & Quickbooks
(44:10) Pricing
(45:11) Upcoming features
(46:21) Closing thoughts
(47:19) Favourite maxim
(47:37) Reach out to Jacob

Accountable allows institutions to prove their assets and liabilities in real time, and privately, without revealing their API keys, wallet addresses or trading strategies.
That's their Data Verification Network.
It might just be the missing trust layer that finally convinces the masses to adopt blockchain technology.
To date, they've verified over $2 billion in onchain assets across 60+ partners, including Keyrock, RockawayX, Amber, K3 Capital and Galaxy Digital, a publicly listed firm.
Jerome Tijssen, CFO at Accountable, joins us to help us understand real-time verification for digital assets.

✅ OUR RESOURCES

🌐 Join a global community of web3 accounting & finance professionals - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/courses⁠⁠⁠⁠⁠⁠

🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting - ⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/free-class⁠⁠⁠⁠⁠⁠

🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto - ⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-accounting-academy⁠⁠⁠⁠⁠⁠

💎 Join the next cohort of the Crypto Treasury Management Academy and learn how to optimize, allocate and protect your organization's treasury - ⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-treasury-management-academy⁠⁠⁠⁠⁠⁠

✅ EPISODE SPONSOR

💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code OCF10) - ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kryptos.io/?via=ocf-institute⁠⁠⁠⁠⁠⁠

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🎙️ Follow Episode Guest
Jerome Tijssen: https://www.linkedin.com/in/jerometijssen/

🎧 Website
For show notes and past guests, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.theaccountantquits.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 

Topics covered:
(0:00) Coming Up
(2:24) Jerome’s story into web3
(4:41) Accountable for real time verification
(7:25) Proof of solvency v/s proof of reserves
(8:24) Privacy through zk-proofs
(11:18) Galaxy Digital on tokenized collateralized loan obligations
(13:54) Get 10% off with Kryptos subledger
(15:27) Vault as a service and building the infrastructure layer
(19:57) Continuously verified NAV feed
(22:24) The bigger opportunity for tokenization
(24:26) Accountable Ledger v/s subledgers
(27:18) Pricing to run an Accountable node
(28:41) Recommended tech stack & neobanks
(32:40) Closing thoughts
(33:52) Favourite quote
(34:31) Reach out to Jerome

Even if it’s relatively straightforward to export transactions from block explorers, how do you know for a fact that the data is complete and accurate?
Block explorers have not been designed for accounting purposes, and turning the complexities of on-chain transactions into an enterprise grade data for your accounting is quite a challenge.
Cryptoworth provides the operating system to convert the complex blockchain data from wallets, exchanges, and custodians into your accounting software to facilitate your reporting, audits and tax filings.
Cryptoworth supports around 100 blockchains, 56 exchanges, over 700 DeFi protocols and has already onboarded more than 1,200 users using their platform. 
Their users include web3 industry leaders, including Aave, Axie Infinity, Celo, Moonbeam, Request Finance amongst others.
On Episode 43, I spoke with its co-founder & CEO Geeth Jay.
Topics covered;
Geeth’s background and how he got interested with blockchain (2:24)
Completeness & accuracy of transactions from block explorers (5:17)
Different block explorers for the same blockchain (6:42)
Different block explorers for different blockchains (7:56)
Reconciliation exercises (9:49)
Common transaction deviations (11:12)
Running your own nodes & indexing the data yourself (12:19)
Public v/s private blockchains (14:42)
Overview of Cryptoworth (16:35)
How to get on boarded with Cryptoworth (19:03)
Use cases for using Cryptoworth (21:13)
Difference between using Excel v/s Cryptoworth (23:06)
How is Cryptoworth different to other competitors like Cryptio, Bitwave, Consola, Tres Finance, Integral (25:38)
Joining Web3CFO Club (17:29)
Can Cryptoworth be both a crypto sub ledger & main ledger (28:32)
How does pricing work (30:41)
Features available with minimum pricing package (33:50)
Overview of Cryptoworth Alliance program (35:05)
Challenges for adoption (36:32)
Should accountants specialize on specific chains (39:04)
Roadmap in 2023 (40:09)
DeFi & NFT modules for tracking positions, income & expenses (41:13)
Closing thoughts (43:28)
Brought to you by
Web3CFOclub - A community of web3 CFOs sharing best practices around web3 financial operations
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Website
For show notes and past guests, please visit theaccountantquits.com/podcast/

MiCA's transitional deadline closed on July 1st, 2026.
Some of the biggest names in the industry lost the ability to serve European clients overnight.
But one jurisdiction rose to become a MiCA licensing hub: Malta.
It's now ranked 4th for CASP (Crypto Asset Service Providers) authorizations, and 2nd for Other Crypto Assets.
In this episode, we spoke with Joseph Axisa, Managing Partner at Axis, a MiCA advisory practice based in Malta, working with some of the industry's most recognisable names, including Arbitrum DAO, Rain, Ether.Fi, Rhinofi, and Legion.cc

✅ OUR RESOURCES

🌐 Join a global community of web3 accounting & finance professionals - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/courses⁠⁠⁠⁠⁠

🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting - ⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/free-class⁠⁠⁠⁠⁠

🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto - ⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-accounting-academy⁠⁠⁠⁠⁠

💎 Join the next cohort of the Crypto Treasury Management Academy and learn how to optimize, allocate and protect your organization's treasury - ⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-treasury-management-academy⁠⁠⁠⁠⁠

✅ EPISODE SPONSOR

💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code OCF10) - ⁠⁠⁠⁠⁠⁠⁠⁠https://kryptos.io/?via=ocf-institute⁠⁠⁠⁠⁠

✊ Follow The Accountant Quits on Socials
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🎙️ Follow Episode Guest
Joseph Axisa: https://www.linkedin.com/in/joseph-axisa-1b86141b4/

🎧 Website
For show notes and past guests, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.theaccountantquits.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 

Topics covered:
(0:00) Coming Up
(2:56) Joseph’s story into digital assets
(6:30) Overview of Axis services
(8:16) How companies navigated MiCA compliance
(11:55) Choosing Malta for MiCA compliance
(17:48) Filing requirements post MiCA licence
(19:19) Submitting a MiCA whitepaper
(25:23) Common objections from regulator
(27:45) Get 10% off with Kryptos subledger
(29:10)  Title II whitepaper & Other Category
(31:57) Do all  L1 & L2s need MiCA licence
(32:44)  PSD2 and EMD2 v/s MiCA for payment platforms
(37:29) Interpreting onchain actions and smart contracts for MiCA
(39:56) Etherscan as a  passive front-end
(42:46) Decentralization exemption under  Recital 22
(45:17)  DeFi protocols and MiCA
(47:14) Reverse solicitation v/s direct solicitation
(49:47) Onchain vaults don’t trigger MiCA, but AIFMD
(57:53) How Axis Advisory uses AI
(01:04:00) Closing thoughts
(01:05:09) Favourite quote
(01:05:57) How to reach out to Joseph & Axis

Daniel Lian has built 3 crypto finance functions from scratch: at dYdX Labs, Walrus Foundation, and now fomo. Same job title, three completely different setups.
At dYdX Labs, he was the first finance hire, building treasury from zero. At Walrus Foundation, it meant a multi entity foreign structure including a Cayman Foundation, a token airdrop, and grant programs.
Now at fomo, who recently fundraised $75million through a  Series B, there is no token or foundation, just a lean team building a social trading app.

✅ OUR RESOURCES

🌐 Join a global community of web3 accounting & finance professionals - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/courses⁠⁠⁠⁠

🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting - ⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/free-class⁠⁠⁠⁠

🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto - ⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-accounting-academy⁠⁠⁠⁠

💎 Join the next cohort of the Crypto Treasury Management Academy and learn how to optimize, allocate and protect your organization's treasury - ⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-treasury-management-academy⁠⁠⁠⁠

✅ EPISODE SPONSORS

💰Request Finance - Simplify crypto AR, AP & accounting & get 2 months for free - ⁠⁠⁠https://www.request.finance/partners/theaccountantquits ⁠⁠⁠

💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code OCF10) - ⁠⁠⁠⁠⁠⁠⁠https://kryptos.io/?via=ocf-institute⁠⁠⁠⁠

✊ Follow The Accountant Quits on Socials
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🎙️ Follow Episode Guest
Daniel Lian: ⁠https://www.linkedin.com/in/daniel-lian-3bbb9817/

🎧 Website
For show notes and past guests, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.theaccountantquits.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 

Topics covered:
(0:00) Coming Up
(2:27) Story behind joining dYdX
(5:02) Challenges starting out at dYdX
(8:32) Resources for learning onchain finance
(10:14) Managing a token airdrop at Walrus
(12:55) Get 10% off with Kryptos subledger
(14:21) Differences between working for a Lab Co v/s Foundation
(16:15) Setting up finance at fomo without a token
(19:53) Where can finance leaders add more leverage
(21:50) Ops challenges working for a trading app
(24:01) Tech stack - subledger, custody & banks
(26:33) Get 2 months for free with Request Finance
(29:09) Tips on areas to address as a new hire
(30:55) Capital allocation decisions
(33:50) Web2 CFO v/s Web3 CFO
(35:47) Career advice to transition into web3
(37:11) How are you using AI
(39:51) Closing thoughts
(41:09) Favourite quote
(42:15) Reach out to Daniel