KPMG Announces Chain Fusion Integration With Coin Metrics Tools

Audit firm KPMG announced the integration of its Chain Fusion product with Coin Metrics' Atlas and Farum tools to attract institutional clients to the cryptocurrency industry.

Head of Cryptocurrency Division of KPMG Sal Ternullo (Sal ternullo) named cooperation with Coin Metrics "strategic alliance". Farum is a risk management tool, allowing you to track potential attacks on blockchains, commission changes and "abnormal" events. Tool receives data from nodes, mining pools and other sources. Atlas is a tool for auditing transactions on popular blockchains. One of its main tasks is to determine the value of assets for the preparation of tax reports on capital gains or losses.

Both of these products will be integrated with the Chain Fusion toolbox, released by KPMG in June. Chain Fusion enables fintechs and financial institutions to manage their data in a way, aimed at combating money laundering and preventing financial risks. According to Ternello, Farum will be a significant step forward for custody services and exchanges, often exposed to uncontrollable risks, which may affect their activities. Ternullo believes, that the integration of Coin Metrics and KPMG products will lay a solid foundation for the adoption of cryptocurrencies and the adoption of open blockchains among institutions.

According to last year's KPMG survey, most companies in the field of finance and taxation are in no rush to implement blockchain. Note, that this month KPMG introduced the Climate Accounting Infrastructure solution (CAI) blockchain-based to track greenhouse gas emissions.