The Canadian branch of accounting giant, KPMG has made its first allocation of cryptocurrency assets to its corporate treasury.
According to New Wire Canada, the accounting firm announced that it has added cryptocurrencies, for the first time, to its treasury.
The announcement reads, “KPMG in Canada has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto-assets.
The allocation includes Bitcoin (BTC) and Ethereum (ETH), as well as carbon offsets to maintain a net-zero carbon transaction to deliver on the firm’s stated environmental, social and governance (ESG) commitments.”
However, the firm has so far, not disclosed the amount invested in either Bitcoin or Ether at the time of this writing. The cryptocurrencies were purchased through Gemini Trust Company’s execution and custody services.
– Nairametrics