What The Network Firm does

The Network Firm is a U.S.-based, privately held professional services firm founded in 2016 that provides accounting, audit, attestation, and advisory services exclusively to the digital asset and cryptocurrency industry. The firm operates under an Alternative Practice Structure, with The Network Firm LLP acting as the licensed CPA entity delivering audits and attestations, and The Network Firm Tech & Services, LLC providing advisory, tax, and outsourced CFO services under The Network Firm Holdings, Inc. The company is remote-first, headquartered in Miami, and serves clients across the United States, Bermuda, Dubai, Jersey, and Singapore.

The firm's product suite is organized around three pillars: Audit & Attest (financial statement audits, attestation services, internal control examinations under NYDFS, NORS, and CCSS frameworks), Proof of Reserves (Conventional, Merkle Tree, On-Chain via Chainlink, and Real-Time, the last of which is described as the world's first real-time CPA attestation system compressing reporting cadence from 30 days to 30 seconds), and Accounting & Advisory (crypto tax, outsourced accounting/CFO, compliance readiness, treasury and strategic reserve advisory, and business process advisory). Underpinning these offerings is LedgerLens, a proprietary crypto-audit platform covering 12+ blockchains and thousands of tokens for balance verification and address ownership proof.

The firm monetizes through custom, quote-based engagement pricing on multi-year contracts, targeting enterprise clients including cryptocurrency exchanges (Kraken, Gemini, Bitvavo), ETF/ETP issuers (CoinShares), stablecoin issuers (Mountain Protocol), Bitcoin miners (Compass Mining), crypto trust services (GMO-Z Trust), RWA issuers (Virgo), digital-asset lenders (Ledn), and protocols (The Graph, Audius, Curvance). Go-to-market is sales-led with high partner-to-staff involvement, direct enterprise consultation bookings, and thought-leadership-driven demand generation through content, podcasts, and industry-association participation. Ownership is founder-led (Noah Buxton, Clayton Lowery, Nick Ward) with an Incentive Stock Option Plan for employees; no institutional funding rounds are disclosed.

Name

The Network Firm

Legal name

The Network Firm Tech & Services, LLC

Website

https://thenetworkfirm.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

The Network Firm is the largest U.S. crypto-focused accounting and advisory firm, providing financial statement audits, proof of reserves attestations, crypto tax, compliance, and outsourced CFO services to digital asset enterprises including exchanges, stablecoin issuers, ETF/ETP issuers, miners, and RWA issuers.

Ownership category

akta.pro rank

Product category

Crypto Accounting & Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Finance Services (6199)

akta.pro primary industry

Proof of Reserves, Attestations & On-Chain Audit/Assurance (FSADALAK)

akta.pro secondary industries

Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI), Risk Management, Controls, Governance & Policy (Crypto) (FSADALAJ)

Keywords

• Crypto accounting services
• Proof of reserves attestation
• Digital asset auditing
• Crypto tax compliance
• Blockchain advisory services

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Financial Statement Audits: Traditional audit services for digital asset companies ensuring financial statements meet professional standards and regulatory requirements.
2. Proof of Reserves Attestations: CPA attestation services including conventional, real-time, merkle tree, and on-chain proof of reserves for stablecoins, exchanges, custodians, ETFs, and RWAs.
3. Crypto Tax Services: Expert crypto basis tracking, tax reporting, reconciliation, and advisory services for individual traders, founding employees, and high-net-worth individuals.
4. Outsourced Accounting & CFO Services: Ongoing outsourced accounting, CFO services, and financial operations support for crypto companies.
5. Compliance & Advisory Services: Internal control examinations, compliance readiness, treasury advisory, and business process operations advisory.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

The Network Firm is a crypto-focused CPA and advisory firm delivering financial statement audits, proof of reserves attestations (conventional, real-time, merkle tree, and on-chain), crypto tax services, outsourced accounting and CFO services, and compliance/treasury advisory for digital asset companies. It serves stablecoin issuers, exchanges, ETF/ETP issuers, custodians, miners, RWA issuers, and DAOs with proprietary blockchain verification technology (LedgerLens) and CPA-level rigor.

Product overview

The Network Firm offers a suite of professional services for the crypto and digital asset industry, organized around three core pillars: Audit & Attest services (Financial Statement Audits, Attestation Services, Internal Control Examinations), Proof of Reserves solutions (Conventional PoR, Real-Time PoR, Merkle Tree PoR, and On-Chain PoR via Chainlink), and Accounting & Advisory services (Crypto Tax Services, Outsourced Accounting & CFO, Compliance Readiness, Treasury Advisory, and Business Process Advisory). The product architecture centers on crypto-native auditing capabilities, with the Real-Time Proof of Reserves being the world's first real-time CPA-attestation reporting system that reduces reporting frequency from 30 days to every 30 seconds.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Statement Audit Services Independent financial statement audits performed by crypto-native CPAs, ensuring compliance with professional standards and supporting regulatory requirements, fundraising, and investor confidence for digital asset companies.
• Conventional Proof of Reserves Traditional CPA-attestation services for stablecoins, exchanges, and ETFs to fulfill regulatory, licensing, and customer transparency needs, with monthly or quarterly reporting intervals.
• Real-Time Proof of Reserves The world's first real-time CPA-attestation reporting system, integrating directly into bank accounts and blockchains and shrinking reporting intervals from every 30 days to every 30 seconds for stablecoins, exchanges, ETFs, and other digital asset companies.
• Merkle Tree Proof of Reserves Combines crypto-native Merkle Tree and Zero-Knowledge Proofs with traditional CPA attestations covering both customer assets and liabilities, enabling customers to independently verify their inclusion in the overall customer liability extract.
• On-Chain Proof of Reserves Brings off-chain reserve data on-chain via Oracle Networks like Chainlink for use in smart contracts, DeFi protocols, and enhanced security for stablecoin issuers, exchanges, and custodians.
• Crypto Tax Services Expert crypto basis tracking, tax reconciliation, and compliance services for individual traders, founding employees, and high-net-worth individuals, including quarterly reconciliation and year-end filing support.
• Outsourced Accounting & CFO Services Crypto-native outsourced accounting and CFO services providing expert insights, cost efficiency, and strategic guidance, including consistent month-over-month financial preparation for C-Suite at crypto-native companies.
• Attestation Services Independent examinations and agreed-upon procedures attestations for crypto-specific use cases, including stablecoin attestations under AICPA standards for digital asset companies.
• Internal Control Examinations Streamlined crypto internal control examinations for NYDFS, NORS, CCSS and other crypto frameworks, supporting license applications and regulatory compliance for crypto companies.
• Compliance Readiness Services Guidance and preparation for financial statement audits, SOC audits, MTL licensing and other compliance readiness projects for crypto companies.
• Treasury & Strategic Reserve Services Advisory services for building and growing bitcoin strategic reserves or digital asset treasuries with tailored solutions for custody, compliance, and growth for companies and corporate treasuries.
• Business Process & Operations Advisory Implementation of crypto-friendly systems, operational scaling through policies, procedures, and SOPs, and cost reduction through operational efficiencies for crypto companies.

Quantifiable outcome

• Reduced attestation reporting frequency from every 30 days to every 30 seconds with real-time proof of reserves
• +2 more outcomes

Named customers10 records

Segments10 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Nine partnerships are on record, tiered core, strategic and minor.

• ChainlinkcoreTechnology or IntegrationCollaboration to bring off-chain reserve data on-chain via Chainlink oracle networks for use in smart contracts, enabling on-chain proof of reserves and DeFi integration capabilities.
• LedgerLenscoreTechnology or IntegrationProprietary crypto-specific audit tooling used internally to verify balances, prove ownership of addresses, and inspect blockchain data across 12+ blockchains and thousands of tokens.
• Digital Chamber of CommercestrategicStrategic or Co-development PartnerActive member and contributor to Proof of Reserves best practices working groups; participated in Proof of Reserves blog initiatives and industry standards development.
• Texas Blockchain CouncilstrategicStrategic or Co-development PartnerActive member contributing to blockchain industry advocacy and education; presented at Texas Blockchain Summit on real-time proof of reserves.
• CryptoTaxCalculatorminorGTM or Marketing PartnerMarketing partnership providing crypto tax software integration and co-marketing of educational content around DeFi taxes.
• CoinTrackerminorGTM or Marketing PartnerJoint marketing and educational content partnership around crypto tax compliance and #CryptoTaxHacks initiatives.
• CryptiominorGTM or Marketing PartnerCo-presented webinar on Proof of Reserves best practices and building trust in the digital assets industry.
• CryptoworthminorGTM or Marketing PartnerPodcast collaboration on proving digital ownership via message signing.
• Compass MiningminorGTM or Marketing PartnerCo-created podcast content providing tax insights for Bitcoin miners.

Scale indicators4 records

Recent moves7 records

Expansion highlights3 records

Emerging players

• Chainalysis: Blockchain analytics platform providing transaction monitoring, compliance, and increasingly PoR-adjacent capabilities for exchanges and regulators. Emerging competitor in the technology-enabled attestation layer where TNF competes.
• TRM Labs: Blockchain intelligence platform for compliance, fraud detection, and risk monitoring across crypto businesses. An emerging player whose automated compliance tooling could encroach on parts of TNF's attestation and risk-management service line.

Broad incumbents

• KPMG: Big 4 firm with a crypto-asset assurance and tax practice serving institutional digital asset businesses. Competes with TNF on financial statement audits and PoR attestations for larger enterprise clients.
• Deloitte: Big 4 firm with a dedicated digital asset audit and advisory practice serving exchanges, custodians, and token issuers. Overlaps with TNF across crypto audit and attestation but operates as part of a much broader enterprise services portfolio.
• EY (Ernst & Young): Big 4 firm with an established blockchain audit and crypto tax practice, including crypto-asset financial statement audits. Competes with TNF on assurance and tax engagements for digital-asset companies.
• RSM US: Top-tier mid-market accounting firm with a digital asset practice serving crypto companies on audits, tax, and advisory. Competes with TNF across mid-market crypto audit and attestation engagements.
• Andersen: Global mid-tier tax and advisory firm with a crypto tax and digital asset practice serving individuals and crypto businesses. Overlaps with TNF on crypto tax basis tracking and high-net-worth client services.
• Citrin Cooperman: Mid-tier accounting and advisory firm with a digital asset and crypto tax practice serving crypto businesses and HNW clients. Competes with TNF on crypto tax services and outsourced accounting engagements.
• PwC: Big 4 firm with a digital asset and crypto practice covering audits, tax, and advisory for exchanges, custodians, and token issuers. Overlaps with TNF on assurance work for crypto-native companies.

Direct peers

• Cryptio: Cryptio is an on-chain accounting and proof-of-reserves software platform serving crypto exchanges, custodians, and asset managers. It is the most direct competitor to TNF in PoR attestation, with both firms targeting tier-1 digital asset clients across audits and reserve verification.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/The_NetworkFirm
• LinkedInlinkedin.com/company/the-network-firm

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Network Firm