Global trading and transaction volumes of cryptoassets have been steadily increasing for several years. What is called « Decentralized Finance », or DeFi, is growing exponentially and is increasingly becoming part of the development plans of the biggest players in finance. Indeed, banks and trading giants are increasingly working to develop systems compatible with blockchain technologies, which will soon integrate our daily lives.

CRYPTOASSETS

This is a recent asset class, which is becoming more and more successful and popular. This involves innovations that disrupt traditional financial and economic systems. Cryptoassets require blockchain technologies, which can be likened to digital, dematerialized, immutable contracts. This operation ensures a particular confidentiality in the exchanges. Blockchain technology also allows transactions to be validated without a supervisory body, resulting in a secure exchange of data through a peer-to-peer network. This technology provides new opportunities, thanks to the automation of processes and the standardization of data, now harmonized.

It is possible to acquire crypto assets privately, directly, or through an entity. This second choice turns out to be advantageous as soon as an investor wishes to share his investments with several other investors to benefit from a better leverage effect.

On a larger scale, a company may also employ one or more managers (or portfolio managers), like a traditional investment fund.

The investment made through an entity secures the investor’s private wealth and, depending on the form, enables to benefit from a more advantageous tax regime than the same investment made privately and directly. Finally, the company can act as an asset management vehicle and reinvest the profits in other projects carried out by the investor(s).

From an accounting point of view, the difficulty often lies in the valuation of assets made up in whole or in part of crypto assets, whose price volatility is well known. This point is even more delicate since this valuation has a direct effect on the calculation of taxes (both on the profits made, and on the net wealth of the company that owns said crypto assets).

Once again, it is clear that the choice of the legal form and the considered strategy will directly impact the profitability of the investments made by the investors. It is therefore crucial to be well informed, and well assisted on this type of projects.

CELIANCE CAN HELP

Our teams will advise you at every stage and customize their services to meet your unique needs and projects.

As such, we offer you a strategic support on the structuring of your investments in cryptoassets.

Our teams are also able to assist you with the valuation of the asset, in the form of reports and/or monthly situations, as well as with the accounting and tax aspects.

CELIANCE listens to your needs and projects, and helps you through :

• Support and advice in your various procedures, needs,

• Support on the structuring of your investments in cryptoassets,

• Tracking on the value of the assets, the accounting, as well as the tax aspect.

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