INNOVATIVE PRODUCT FEATURE
Armanino LLP
PIONEERING DIGITAL ASSET ASSURANCE By Emily Rappleye, Contributing Writer for Originate Report
A
rmanino LLP, one of the top
In January 2019, Armanino launched
Armanino’s flagship digital asset
25 independent business and
a dedicated practice focused on the
transparency platform, TrustExplorer™,
accounting firms in the U.S. by
crypto and digital assets industry.
is built for the impending digital future.
revenue, is carving out a name for itself
Today, it enables real-time attestation
as a global leader in blockchain and
Early on, the concept was to embrace
and transparency services for over
digital asset solutions.
and leverage the same blockchain
approximately $5 billion in digital
technology their tech clients were
assets. TrustExplorer™ is the first
Headquartered just a stone’s throw
using to explore new use cases. In
and only real-time attest platform
from Silicon Valley, Armanino has
short order, it became apparent that
available, giving clients and their
been working with leading fintech
there was a significant opportunity
current and prospective customers
and cryptocurrency companies in
to build transparency tools. Today,
the ability to download attestation
an audit, tax, and advisory capacity
Armanino
first-of-its-
reports, some only 30 seconds old.
since 2014. This exposure served
kind suite of attestation services
The tool adds a “paradigm-shifting
as a launch pad into the world of
and transparency tools designed
level of transparency,” said Buxton.
blockchain and accounting.
specifically
“We think of it as a giant leap for
Possible
offers
a
for
future
digital
assets.
applications
“Innovation is a big focus for us. It
across
is something that we actually live
estate investment and lending.
industries,
including
cut
public accounting.”
real Readers can see this tool in action on
because we’ve enshrined it as a
the Armanino website (you will need
strategic anchor for the firm,” said
“In a world where all assets are
to select a current client to view
Noah Buxton, a director at Armanino.
digital, analog audit and assurance
their real-time attest dashboard).
services
will
be
obsolete,”
said
Buxton leads Armanino’s Crypto &
Patrick Clancy, senior manager of
The Power of Public Chains,
Digital Assets practice and was part
strategic growth for blockchain and
Tokenization and Security
of the team that began experimenting
private funds at Armanino. “Our
Token Offerings
with use cases for the technology.
money has been digitized, our public
Appreciating what makes TrustExplorer™
By 2018, they realized there was a
markets have been digitized, next up
so
major opportunity at the intersection
is the digital disruption of private
foundational knowledge about how
of accounting and distributed ledgers.
securities offerings and markets.”
blockchain and tokenization work.
14
groundbreaking
requires
some
