Welcome to EARLY - the business of web3 from Bankless Consulting. On each episode of EARLY, your host DSide is joined by thought leaders, innovators and other denizens of web3 who are building the internet of the future. Money is programmable. Assets are digital and exchanges are decentralized here. So join us on this journey into the past, the present and the future of web3! And remember, if you're here....you're EARLY!
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Bankless Consulting Podcasts
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the ...
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#93: Asset Management & Financial Reporting for DAOs with Jack Gale from kpk (formerly karpatkey)
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57:00kpk is redefining crypto treasury management with secure, transparent, fully on-chain systems. In this episode, I speak with Jack Gale, core contributor at kpk (formerly Karpatkey), managing over $1.8B for top DAOs like Gnosis, Aave, ENS, and dYdX. We dive into why an Investment Policy Statement (IPS) is essential for DAOs, how kpk builds trust wit…
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#92: Web3 Incorporation in Panama (A Legal Guide)
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1:03:41Web3 is global, but where you set up your company matters. One growing hotspot is Panama. Panama doesn’t have specific crypto laws yet, so Web3 projects don’t need special licenses. It’s unregulated, but still legal. Plus, there’s 0% corporate tax on foreign income, making it a great place for innovation. To break it all down, I’m joined by Edgar Y…
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#91: DeFiBank for Enterprises with Jozef Vogel, COO of EtherFi
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42:16Banking has always been about trust and control. Neobanks upgraded the user experience, but the system remained centralized. Now, we’re in the third wave: DeFi banks, a non-custodial, blockchain-based, and fully user-controlled. Leading this shift is EtherFi, offering a seamless way to save, earn, and spend without traditional banks. Think fiat on/…
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#90: Token Launch & Valuation with Neil Thakur from Teknos Associates
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1:13:11In practice, token launches are often delayed, and that can slow down the entire roadmap of a web3 project. Once there’s a traded price for a token, it’s difficult to walk it back. Post-launch valuations are often magnitudes higher than pre-launch ones. That’s why valuation reports have a limited shelf life, and why getting it right matters. My gue…
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#89: A Legal Guide for Token Launches with Jonathan Turnham from NXT Law
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1:19:48Before a token hits the market, founders face complex legal and tax decisions that can make or break their project. Where to incorporate? What type of token to issue? How does your personal residency affect taxes? On Ep. 89, I’m joined by Jonathan Turnham, Managing Partner at NXT Law, who’s helped launch over 350 Cayman Foundations and advised cryp…
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#88: Fund Accounting for Digital Assets with MG Stover & Otto
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54:52The investment fund industry is massive, spanning everything from mutual funds and hedge funds to private equity and ETFs. But something’s changing. Finance is shifting from slow, opaque off-chain transactions to fast, transparent on-chain finance. Tokenized funds are here, with institutional AUM now over $470 million (rwa.xyz). Leading this evolut…
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#87: The Future of Crypto Accounting with Chandan Lodha from CoinTracker
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48:33Tokenization is hitting an inflection point, with $4–5 trillion in digital securities expected by 2030. Crypto accounting has come a long way from the Wild West days, but challenges remain for crypto accountants. Regulators and accounting bodies are stepping in, and a real crypto finance stack is finally emerging. On Episode 87, I'm joined by Chand…
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#86: Launching a Fractional Web3 CFO Practice with Nauman Mustafa from Celo Foundation & HashLedger
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54:31Fractional leadership is booming, especially in web3. Startups can tap into C-suite expertise without the full-time salary. But once VC money hits, if your financial ops aren’t solid, you’re not scaling, you’re stalling. Enter the Fractional CFO: a strategic partner handling fundraising, treasury, and audit readiness. In this episode, I chat with N…
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#85: Onchain Treasury Allocation with Octav
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41:34In traditional finance, Treasury Management is a well-documented practice with plenty of guidance and literature. But in web3, many of those concepts don’t quite apply. Foundations, DAOs, and other web3 startups often hold their treasuries in wallets, with those assets remaining idle. But by strategically allocating part of their treasury to genera…
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#84: Building an Enterprise Crypto Accounting Software with Cryptio
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1:16:08Crypto sub-ledgers have evolved from their early days when they would only be required to categorize onchain transactions and calculate the realized gain/loss under the appropriate cost basis method. To satisfy their existing customers and bring new players into the industry, sub-ledgers have to adapt to new requirements from local GAAP & IFRS, and…
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#83: Yield Bearing Stablecoins with Coinshift
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51:01The extra steps needed to tap into DeFi protocols often intimidate web3 companies from putting idle capital to work. Many of these companies hold large amounts of stablecoins like USDC and USDT, sitting idle and earning no yield. Since the start of 2025, Coinshift has been redefining how users earn passive income on stable assets through their liqu…
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#82: Managing Data in a Multi-Blockchain World with Noves
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40:30As the number of new blockchains and protocols continues to surge, accountants face an increasingly complex challenge in reconciling on-chain data. With no universal standard for blockchain data, and significant variations in how different chains operate, the task becomes even more daunting. Accountants are not engineers, they rely on tools like su…
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#81: Digital Assets Tax Updates for 2025 with RSM US
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58:03Donald Trump’s presidency is stirring up buzz in the web3 communities. Builders and users alike are optimistic about how the new administration could shape the future of digital assets, with promises of clearer regulations and greater adoption of cryptocurrencies on the horizon. But while we wait for these changes to take effect, there are already …
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#80: 2024 Wrapped - plus new courses & upgraded community for 2025
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25:19In this special New Year's episode, I’m pulling back the curtain on what The Accountant Quits has been up to in 2024 and giving you an exclusive preview of what’s ahead in 2025. I’ll dive into the milestones we’ve hit, from the Crypto Accounting Academy’s relative success to the launch of the Crypto Accounting Accelerator. Plus, I’ll highlight the …
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#79: DAO Services in the Cayman Islands with Karel Olivier from Lemma
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1:08:10One school of thought argues that DAOs should avoid any legal structure and remain unregistered in all jurisdictions. But having a legal entity allows the DAO to engage in contracts with other real-world entities, and perhaps the biggest of all, A legal entity protects the individual participants of a DAO from unlimited liability. One structure tha…
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#78: Becoming a Web3 CFO with Zac Hogg from Solana Foundation
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1:10:48A recurring theme among the CFOs I've interviewed is their common starting point: a lot of them started out at the Big4 accounting firms. I call these places boot camps for accountants - you’re surrounded by some of the brightest minds in accounting, working on massive clients, and the name on your resume alone gets people to take you seriously. Ye…
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#77: Building a Crypto SaaS with a Two-Person Team with Bassil Eid & Selem Essaied from Breezing
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1:00:23For the past 2 years, downsizing has been rampant across the board at companies embracing AI. According to Techcrunch, in 2024 alone, there have been more than 130,000 job cuts across 457 companies, from tech giants like Google, Salesforce, Dropbox, Microsoft and Consensys. If existing companies are slashing their workforce, the new startups are al…
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#76: Crypto Powered Neobank for Businesses with Ryan Bozarth from Dakota
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38:53With traditional banks, it takes days to move your money, they offer little to no yield, and worst of all, they can freeze your account without warning. Also, you no longer control your assets once deposited - they become liabilities on the bank’s balance sheet. That means if things go wrong, your best hope is a bailout. We’re currently ushering in…
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#75: Becoming an Entrepreneurial Crypto Accountant with Patrick Camuso
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50:22If you’re a technical accountant who’s also bringing in new business for your company, I have to ask - why haven’t you started your own firm yet? Yeah, the idea sounds terrifying at first. You’re stepping out of the cozy safety net of a guaranteed paycheck. But if you’ve got grit and the guts to be an entrepreneur, why keep waiting? Sure, it’s hard…
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# 74: Token Compensation & Tax Compliance, with Dominika Stobiecka from Toku on
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49:50Many projects in web3 label themselves as payroll products when they’re payment products. If you’re looking for a crypto payroll provider, an important prerequisite should be that they know how to handle the following; Calculate tax withholdings, Run social security deductions, File taxes for employees Platforms like Deel, Oyster, or Remote.com al…
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#73: Jeremiah Smith from OpenCover on DeFi Insurance
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49:48Since 2017, over $8billion has been lost on-chain due to smart contract hacks, infrastructure issues and rugpulls. The figure becomes even larger when you count phishing attacks and scam coins. Yet today the vast majority of on-chain transactions and protocol positions aren’t protected… for example if you look at DeFi current TVL which is around $8…
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#72: Audit & Attestation Tools for Digital Assets with Jeremy Nau from LedgerLens
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56:17As the world moves “on-chain,” so too will the need for auditors. With auditors naturally evolving their practices from periodic paper reporting, to digitally native, API-enabled, Oracle-ready, and real-time reporting. But how do auditors bridge the gap and how can the auditing industry as a whole remove the technical barriers to entry? Enter Ledge…
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#71: Internal Controls for Digital Assets with David Byrd from EY
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55:50When it comes to internal controls, management is responsible for designing, implementing, and maintaining effective internal controls. Auditors on the other hand would test for the operating effectiveness of these controls. Many auditors today lack the specialized expertise needed to provide assurance for companies holding digital assets, but if w…
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#70: Financial Reporting for DAOs with adcv from Steakhouse Financial
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1:08:33There is no current standard framework on how transactions within DAOs should be structured and accounted for. Transactions on the blockchain or so-called block explorers are cash-based and do not comply with accrual-based accounting. Today many companies having on-chain transactions use crypto sub-ledgers, but the essence of DAOs is to reduce the …
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#69: MPC wallets for digital assets operations with Bentzi Rabi from Utila
36:52
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36:52In its early days, businesses used crypto mainly for trading. However, more use cases have emerged in recent times. Making payments with crypto as we all know is lightning fast, but businesses utilizing self-custodial wallets need a full-fledged infrastructure with advanced customization. For example, managing user permissions and roles, creating a…
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#68: Crypto Payments for a Globally Distributed Workforce with Hugo Finkelstein from Rise
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39:45Can crypto payments accentuate the trend for a globally distributed workforce? More and more people in emerging markets such as freelancers are using crypto to get paid, and having crypto as a payment option enables people to get employed anywhere in the world. So if you as an employer want to have the best talent globally, using crypto as a means …
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#67: Getting Ready for MiCA with Anne-Grace Kleczewski & Anne-Lorinne Mognetti from MME
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1:03:09The deadline for new crypto regulation in the EU, termed the Market in Crypto-Assets (MiCA) is fast approaching, and many are wondering - What exactly does MiCA entail, and how can you prepare for it? For starters, MiCA applies to a broad range of entities providing services related to crypto, including exchanges, custodians, wallet providers, brok…
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#66: Becoming a Web3 CFO with Greg Mocnik from Celestia Labs
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50:38A recurring theme among the CFOs I've interviewed is their common starting point: many began their careers at top accounting firms, such as the Big4. And the benefits of working for them are not insignificant - you are often surrounded by the brightest minds in accounting, work with some of the biggest clients, and your experience commands respect.…
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#65: Statement of Digital Assets (SoDA) with Samuel Leichman
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53:09Blockchain technology is open source right, but to advance the development of accounting standards for digital assets, we need accounting bodies to be more open for collaboration in these changing times. This revolution cannot take place in an ivory tower. A group of accountants at Propeller Industries have answered the call, and are pioneering a n…
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#64: CFO's Guide for Tokenomics with Roderick McKinley
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56:09The tokenomics is the catch-all of the elements that make a particular crypto project particularly valuable and interesting to investors. That includes everything from its initial minting process, the token’s supply, and what utility it has. Understanding tokenomics is crucial for making informed investment decisions. A project with well-designed i…
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#63: Crypto Technical Accounting (SAFT, Derivatives, Staking, Stablecoins) with Andrei Belonogov
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37:41Digital assets and their underlying blockchain technology are an evolving area, and as such accountants frequently face the daunting challenge of scrutinizing existing accounting standards to derive the most reasonable interpretation. Innovation outpaces the speed of accounting regulation, leaving standard-setting bodies like the FASB for US GAAP o…
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#62: Global Crypto Payroll through EOR Model with Nabin Banskota from Niural
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49:26COVID has changed the game for companies hiring internationally. Previously, if an employer didn’t have an established business, or a legal entity in the jurisdiction where the foreign worker lived, often their only option would be to hire the worker as an independent contractor. Companies couldn’t hire full-time employees and were thus unable to g…
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#61: Becoming a Web3CFO with Léopold Wenger from Cometh
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40:07If you’ve previously worked as an accountant or auditor at a Big4 or other accounting firm, you’ve been through a rigorous & highly sought-after working methodology and have a huge boost on your resume. You’re now equipped to get your foot in the door of most firms looking to hire a Financial Controller, Head of Finance, or even a CFO. Being a prod…
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#60: Enterprise Accounting Software for Crypto & Fiat with Request Finance
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50:39A finance technology stack is the set of tools that a business uses to streamline and optimize its financial and accounting processes. These tools and software typically fall into categories like payments, payroll, spend & expense management, accounting & reporting, financial planning, and analysis. Until now, web3 teams have had a fragmented finan…
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#59: AI & Blockchain for Accounting with Kareem Khattab from Entendre
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47:09Blockchain at its core allows the transfer of value without an intermediary and offers an immutable ledger that provides real-time access to financial data while AI-based applications can be used to analyze financial data, and automate repetitive tasks like data entry, A powerful combo for accounting. We’re on the brink of a fundamental transformat…
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#58: Company Formation for Web3 Startups & DAOs with Han Verstraete from Otonomos
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1:02:41Anyone who decides to build a project in web3 involuntarily accepts to have to surmount heaps of legal challenges, to be legally compliant. Many web3 businesses are borderless and this places a big regulatory burden, especially for those in their very early days. Whether you are a centralized or decentralized project in web3, planning to issue toke…
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#57: Web3 Treasury Management with Nik Pletikos from DeFiWaves
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48:33While there is a lot of guidance and literature on Treasury Management in traditional finance, in web3, a lot of those concepts don’t apply. Managing treasury fiat currencies in traditional finance largely involves managing banking partners whereas with cryptocurrencies, that involves managing your wallet addresses in the event you’re using self-cu…
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#56: Becoming a Web3 CFO with Shivani Phull from Pixelynx
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36:32Choosing accounting as a career path seems to be losing some of its prestige in recent years. Technologies like AI and blockchain will not take the accountants’ jobs but rather, it’s those accountants who have upskilled themselves on blockchain who will. So rather than being seen as a threat, many accountants are evolving with blockchain. On Episod…
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#55: US GAAP Fair Value Accounting for Crypto with Mackenzie Patel from Hash Basis
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48:07The 2 words on every crypto accountant’s lips these days are fair value. Until now, crypto assets had to be measured at initial cost and could not be revalued at its market price. To make matters worse for investors, they were also subject to an annual impairment review, and any subsequent gains in the value of the asset could only be realized at t…
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32. Jay Steinback: RWA On-Chain and Fully Regulated
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42:54Welcome to EARLY. DSide’s guest today is Jay Steinback of yWhales. Summary Jay discusses their newest project, FinRamp, which focuses on tokenizing real world assets, starting with the voluntary carbon credit market. FinRamp aims to provide a regulated and compliant platform for the trading of these assets, ensuring transparency and trust. The proj…
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#54: Crypto Taxation in the US with Aryeh Munk & David Zareh from OnChain Accounting
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54:28Are you as a company contemplating using crypto assets in your business? Be it for investment purposes or rather in your daily operations? The 1st advice irrespective of the jurisdiction you’re in, is to speak with a qualified tax advisor. Once you understand the crypto inflows and outflows, you can also determine the character of income of your cr…
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#53: Getting Crypto Companies Audit Ready with Marnus Kruger & Chris O'Reilly from Harris & Trotter
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52:15An external auditor is appointed to provide an independent examination of the financial statements to ensure they provide a true and fair view. And in return provide the confidence to stakeholders that management is doing their job well. Auditors proceed by testing the internal controls and performing substantive tests. What substantive tests mean …
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#52: Launching the Crypto Accounting Academy
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26:04The Crypto Accounting Academy is a 6-week course, brought to you by experts in the web3 industry, to give you the practical knowledge of running a business on crypto. After the course, you will be equipped with the knowledge to be hired at a web3 company as an Accountant, Financial Controller and/or CFO. Learning crypto accounting by yourself inv…
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#51: Subscription Billing with Fiat & Crypto with Bisola Asolo from Super
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28:22If a business has a subscription pricing model and wants to accept both fiat & crypto as payments, that would mean using a combination of fiat and crypto payment gateways. For example, Stripe works for fiat, and Coinbase Commerce works for crypto payments. The issue here is that the merchant has to manually reconcile payments flowing through these …
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31. Dr. Sergey Kachur & OxHunter: How to incentivize truth through professional consensus
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45:30Welcome to EARLY, the podcast about web3 business from Bankless Consulting. DSide's guests today are Dr. Sergey Kachur and 0xHunter. Dr. Kachur is the founder of the UMedHub and UHub protocol, while OxHunter is a software consultant from Bankless Consultancy who collaborated with Dr.Kachur on the project. The protocol seeks to align incentives with…
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30. Miho Shinke: The intersection of Web3 and personal well-being
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40:28Welcome to EARLY, the podcast about web3 business from Bankless Consulting. DSide's guest today is Miho Shinke, an operational development trainer and consultant for manufacturing companies and NGOs across Africa, Southeast Asia, and Japan. Miho is distinguished as an ABNLP master coach, which she utilizes to empower individuals and organizations a…
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#50: Tracking DeFi & TradFi Transactions Simultaneously with Tal Zackon from Tres Finance
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53:09The theme of this episode is tracking DeFi transactions, and providing the CFO managing their crypto treasury with how to generate a historical report of their DeFi positions, with their realized & unrealized gains/losses, interest income & losses & rewards earned. If you’re not using a dedicated crypto tool, and having to manually retrieve the dat…
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29. Samantha Marin: The Do’s and Dont’s of DAOs
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1:00:34Welcome to EARLY, the podcast about web3 business from Bankless Consulting. DSide's guest today is Samantha Marin, a content writer and editor at Aragon and owner/operator of Quorum's newsletter. Samantha is an experienced creative writer and spends her time empathetically breaking down the complexities of Web3 and DAOs through her role at Aragon. …
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28. Mark Phillips: Decentralizing Cellular Communication Networks
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58:33Welcome to EARLY, the podcast about web3 business from Bankless Consulting. DSide's guest today is Mark Phillips, the Vice President of Business Development at Nova Labs. Nova Labs is a for-profit entity that operates on the Helium infrastructure, which delivers public wireless coverage in 192 countries for 5G and IoT devices. They offer a disrupti…
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Episode 49 | Tarun Gupta from Coinshift on Transforming the Multi-Signature UX through Safe for simplifying Treasury Management
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52:24While Safe (previously Gnosis Safe) has become the gold standard for self-custodial wallets, anyone listening who has previously used Safe, which requires the approval of more than one user for transaction execution, would often say that the user experience is sub-optimal. Some of the examples of the recurring pain points using a Safe alone for app…
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