For crypto businesses and high-net-worth investors in Dubai, managing a portfolio across multiple decentralized wallets, centralized exchanges, and DeFi protocols creates a massive financial risk. The constant flow of tokens, fluctuating valuations, and hidden gas fees lead to data discrepancies that are nearly impossible to reconcile manually. Failure to achieve 100% reconciliation makes regulatory reporting for Corporate Tax and VARA compliance impossible and invites major audit scrutiny.
FrankDigit Accounting Services specializes in the core process of multi-wallet and multi-chain reconciliation. We deploy sophisticated sub-ledger technology to aggregate, cleanse, and align all on-chain data with your internal general ledger. Our focus on Confidentiality, Transparency, and Integrity (CTI) guarantees an auditable trail for every transaction, securing the foundation of your digital asset reporting.
Blockchain Portfolio & Wallet Reconciliation is the process of matching a company’s internal accounting records with the immutable transaction records on the blockchain, exchanges, and custodians. This is exponentially more complex than traditional bank reconciliation due to:
- Multi-Chain Fragmentation: Transactions occur across dozens of networks (Ethereum, Polygon, Solana), each with unique block explorers and data formats.
- Decentralized Activity: Activities like staking, yield farming, and DAO interactions complicate transaction classification and income recognition.
Lack of Intermediaries: Without a central bank statement, external verification of ownership and movement is harder, requiring specialized on-chain data tools.
Accurate reconciliation is the only way to correctly determine Fair Market Value (FMV), calculate Realized Gains/Losses, and comply with the OECD’s Crypto-Asset Reporting Framework (CARF), which the UAE is adopting.
We eliminate data fragmentation and provide a single, unified, and verifiable view of your entire digital asset portfolio.
| Deliverable | How FrankDigit Delivers |
|---|---|
|
Multi-Source Aggregation |
Consolidating transaction data from all hot and cold wallets, DeFi protocols, and centralized exchanges into one unified sub-ledger environment. |
|
Transaction Vetting & Audit Trail |
Accurate calculation and provision for End-of-Service Gratuity and final settlements, fully compliant with UAE Labour Law. |
|
Balance & Valuation Verification |
Reconciling wallet balances against the live blockchain ledger and confirming asset valuation in AED at the exact time of the transaction. |
|
Discrepancy Investigation |
Proactive detection and resolution of mismatches between internal records and external statements, often involving missed Gas Fee entries or failed smart contract calls. |
|
Segregated Portfolio Reporting |
Organizing and reporting holdings by asset type (e.g., Inventory, Investment, Operational) to simplify Corporate Tax and VARA compliance. |
The global move toward crypto tax transparency, highlighted by CARF, makes data integrity the top priority for Dubai’s digital asset entities.
The UAE’s adoption of the OECD’s CARF standard will mandate annual cross-border sharing of crypto transaction data and balances starting in 2028. Our reconciliation ensures your internal records are already structured to match the precise data fields required under CARF, protecting you from future audits triggered by international data mismatches and ensuring compliance with global transparency standards.
A core function of reconciliation is establishing strong Internal Controls around the movement of crypto assets. We advise on best practices such as multi-signature wallet usage, secure private key management documentation, and internal protocols for asset transfers, reducing the risk of internal fraud, external hacks, and non-compliant activity flagged during a regulatory review or external audit.
We provide a specialized pathway to continuous, audit-ready data integrity for your digital assets.
- Decode (Platform Mapping): We map all your active wallets, exchange accounts, and decentralized protocols, and integrate them with the automated sub-ledger software.
- Simplify (Data Cleansing & Validation): We perform the initial data migration, normalize conflicting data formats, and reconcile all historical transactions against the corresponding blockchain record, identifying all current discrepancies.
- Automate (Continuous Reporting): We establish a continuous monitoring and reporting cycle that ensures all wallets are reconciled monthly, providing management with a single, verifiable source of truth for financial reporting and compliance.
Is your digital asset portfolio audit-proof? Don’t let data fragmentation risk your compliance and capital.
📞 Contact FrankDigit Accounting Services today to secure your Blockchain Portfolio & Wallet Reconciliation.