The Accountant Quits Podcast

Most web3 founders appoint a director without truly understanding what that person is signing up for. Get it wrong, and it's not just a governance problem, it's a personal liability problem.
Petri Basson, Founder of Hash Directors, has sat on foundations, non-token web3 projects, and crypto funds across the Cayman Islands. In this episode, he breaks down exactly what a director is responsible for and what happens when things go wrong.
Petri is also an Advisor to Lemma, exTreasury, & Provenance, and serves as Chairman of BACI, the Blockchain Association of the Cayman Islands, known for also organizing Cayman Crypto Week.

✅ 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

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

💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code TAQ10) - ⁠⁠https://affiliate.kryptos.io/signup?campaign=theaccountantquits⁠⁠

✊ Follow The Accountant Quits on Socials
👉 LinkedIN: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/school/ocf-institute⁠
👉 Twitter(X): ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/accountantquits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 
👉 YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@theaccountantquits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 

🎙️ Follow Episode Guest
Petri Basson: https://www.linkedin.com/in/petri-basson/

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

Topics covered:
(0:00) Coming Up
(2:35) How Petri got into web3
(4:42)  Web2 v/s web3 directorship
(8:21)  Hash Directors overview
(10:40)  Directorship: Cayman Foundation
(16:54)  Directorship: Non-token projects
(18:25) Get 2 months for free with Request Finance
(20:05)  Directorship: VASP
(25:35) Role of VASP Supervisor
(29:05) Governance stack
(31:55) Directorship: Crypto Funds
(35:11)  Non-executive directorship
(36:45)  Substance requirements in Cayman
(40:49)  Cayman Crypto Week & what is BACI
(46:34) Reach out to Petri

Token launches aren’t just hype, they come with tough decisions around valuation, post TGE treasury management, choosing market makers, and legal structures (Foundation and Token SPV)
In this episode, Kevin Leuthardt (Founder of threek advisory, Fractional Web3 CFO and expert director, and former finance lead at Arweave, Safe, and WalletConnect) shares what really happens behind the scenes from TGE to governance and treasury management.
If you’re building in Web3 and want to move beyond hype into real execution, this conversation will give you the clarity most teams wish they had earlier.

✅ OUR RESOURCES

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

🤓 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 

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

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

💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code TAQ10) - ⁠https://affiliate.kryptos.io/signup?campaign=theaccountantquits⁠

✊ Follow The Accountant Quits on Socials
👉 LinkedIN: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/school/ocf-institute
👉 Twitter(X): ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/accountantquits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 
👉 YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@theaccountantquits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 

🎙️ Follow Episode Guest
Kevin Leuthardt: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/kevin-leuthardt/

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

Topics covered:
(0:00) Coming Up
(2:56) Web3 journey to Fractional CFO
(6:21) TGE readiness playbook
(11:35) Post-TGE Founder mistakes
(14:45) How many market makers
(21:02) Loan option v/s retainer model
(25:01) Market maker recommendation
(27:16) Budget for market makers
(29:01) Get 2 months for free with Request Finance
(30:40) Web3 director roles explained
(34:13) Personal liability for directorship
(37:24) Swiss vs Cayman Foundations
(40:28) Residency and directorship
(42:31) Onchain treasury management execution
(48:30) Counterparty & correlation risk
(53:17) Web3 M&A with tokens
(58:34) threek advisory services overview
(1:02:39) Are tokens less appealing now
(1:06:57) AI in Fractional CFO work
(1:10:56) Key Takeaways
(1:13:43) Reach out to Kevin

Crypto funds trade across exchanges, wallets, custodians, and DeFi protocols.
Trading may be easy but reconciling everything isn’t.
In this episode, I speak with Damon Xu, Founder & CEO of 1Token, about the infrastructure behind institutional crypto asset management.
1Token is a SOC 2 certified platform used by crypto funds and asset managers to manage portfolios, risk, and reporting across CeFi and DeFi, aggregating trades, transactions, and positions across exchanges, custody, OTC desks, wallets, and protocols while automating reconciliation, NAV, and reporting.

✅ OUR RESOURCES

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

🤓 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 

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

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

💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code TAQ10) - https://affiliate.kryptos.io/signup?campaign=theaccountantquits

✊ 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
Damon Xu: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/damon-xu-41163938/

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

Topics covered:
(0:00) Coming Up
(3:12) Damon’s quant background
(6:13) Early crypto fund challenges
(8:38) About 1Token
(9:44) Crypto PMS Explained
(15:59) Get 2 months for free with Request Finance
(17:39) PMS for market maker v/s asset manager
(19:29) 1Token for fund admin
(21:47)  Comparing 1Token & Paxus, Geneva
(24:36) 1Token v/s subledger
(26:38) DeFi data
(29:27) Valuation & pricing sources
(32:38) 1Token’s risk management system
(35:49) Understanding risk curators
(40:17) How to Choose a risk curator
(42:27) 1Token feature for onchain vaults
(44:34) 1Token Demo
(50:49) Using AI in crypto funds
(54:37) Reach out to Damon

Your CFO is not your CTO, and in web3, confusing the two can cost you.
After scaling Squads into the leading multisig on Solana (securing $12B+ in digital assets), Stepan noticed something surprising: teams were using multisigs as their business bank account.
Self-custody? Yes
Operational efficiency? Not quite.
And that gap led to Altitude.
Altitude is a stablecoin-native finance platform combining payments (ACH, Wire, SEPA), treasury yield, AR/AP workflows, and soon corporate cards, giving companies global access without relying on a traditional bank.

✅ OUR RESOURCES

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

🤓 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 

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

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

💰The full-stack OS for Web3 businesses using Kryptos- https://kryptos.io/enterprise
✊ 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
Stepan Simkin: ⁠⁠⁠⁠https://x.com/SimkinStepan

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

Topics covered:
(0:00) Coming Up
(3:05) Stepan’s Background
(4:46) Stablecoin Adoption
(8:40) From Squads to Altitude
(12:49) Using a self custodial ‘bank’
(16:12) Get 2 months for free with Request Finance
(17:51) Stablecoin powered business banking
(21:05) Yield on stablecoins
(25:09)  CFO’s due diligence
(27:30) Privacy for payments
(31:18) Privacy solution on Solana
(32:19) Altitude Demo
(35:42) Squads integration with Altitude
(37:01)  Onboarding to Altitude
(37:33) Agentic automation workflows
(40:28) Is Altitude for Solana users only
(42:03) Accounting in Altitude
(43:42) Closing thoughts
(45:37) Reach out to  Altitude

If you’re in a stable 9-to-5 job and thinking, “In 2026, I want to start my own crypto accounting firm” , this episode is for you.
Starting an accounting practice isn’t just about technical skills. One of the first and most important decisions you’ll make is choosing your niche, and in crypto, that decision shapes everything that follows.
My guest is Mackenzie Thota, Founder of Hash Basis. At only 25 years old, she left a secure crypto accounting role at Figment, one of the leading blockchain validators, to go fully entrepreneurial and build a crypto-native accounting & tax firm.

✅ OUR RESOURCES

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

🤓 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 

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

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

✊ 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
Mackenzie Thota: ⁠https://www.linkedin.com/in/mackenziepatel/

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

Topics covered:
(0:00) Coming Up
(3:13) Quitting the 9-5 job
(6:11) Do you make enough money
(10:20) Hash Basis overview
(7:19) Checklist to start
(13:12) Crypto tax or accounting first?
(15:35) Finding your first client
(17:09) Get 2 months for free with Request Finance
(19:17) Finding your ideal clients
(23:10) Sales call
(25:38) Red flags on sales call
(27:02)  Client onboarding process
(29:44)  Pricing mistakes
(32:48) What makes a client complex?
(35:39) Learnings from external audits
(36:54) Practice management tools
(39:43) Other tools
(40:29) Choosing a subledger
(43:50) Recharge subledger expense to clients
(44:44) Cost for minimum viable tech stack
(46:36) Using AI/Automation
(49:15) Hiring contractors remotely
(52:05) Training the team
(53:46) New DeFi challenges
(57:24) Mackenzie’s advice
(58:16) Reach out to  Mackenzie