Marketing Info

KPMG Makes Its First Allotment to Crypto in Canada

“Investors such as hedge funds and family offices for large insurers and pension funds are increasingly turning to crypto, and traditional financial services such as banks, financial advisors and brokerages are looking to offer products and services involving cryptocurrency, ” They said. “This investment reflects our belief that institutional adoption of cryptocurrencies and blockchain technology will continue to be a regular part of the asset mix.”

monitoring committee

Crypto assets are notoriously volatile and there are still a multitude of unanswered questions, but KPMG Canada has established an oversight committee to manage its allocation.

The committee is made up of members from their finance, risk management, advisory, audit and tax functions. It also conducted a rigorous risk assessment that included regulatory and reputational risks.

“We have invested in a strong crypto asset practice, and we will continue to grow and build on our capabilities in decentralized finance (DeFi), non-fungible tokens (NFTs) and the metaverse, to name a few. We look forward to seeing one more to come. These areas have seen enormous growth over the years,” said Karim Sadek, Advisory Partner, Co-Leader of Cryptosets and Blockchain Services, KPMG in Canada.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button