Coinbase partners with Integral: bringing next-generation accounting solutions to all Coinbase Prime clients

SAN FRANCISCO, Oct. 24, 2023 /PRNewswire/ - Integral announces a collaboration with Coinbase and investment from Coinbase Ventures to bring cutting-edge accounting solutions to Coinbase Prime clients, covering assets held inside and outside of Coinbase.

Integral's solutions give finance executives, controllers, accountants, and fund administrators a way to get an aggregate view of all of their digital assets, held inside and outside of Coinbase, making it easy to automate workflows like accounting, reporting, record-keeping, and more.

"Integral's platform streamlines crypto accounting and treasury management, resolving a major headache for institutions and businesses that interact with crypto assets. We are thrilled to invest and collaborate with Integral in offering these services to Coinbase Prime clients." Shan Aggarwal, Vice President and Head of Corporate Development and Ventures at Coinbase.

"Blockchain is a breakthrough for enhancing trust in financial systems, but the increased accounting and compliance complexity makes it hard for businesses to adopt blockchain with confidence," said Gui Laliberté, CEO of Integral. "This funding and collaboration positions Integral to solve increasingly complex accounting problems for businesses. We're grateful that Coinbase shares our vision to create a better, high-trust financial system."

Managing web3 finances and operations at scale has always been a challenge for financial professionals. Many businesses still rely on spreadsheets and manual processes. Using Integral, controllers, accountants, and fund managers have a simple, scalable way to streamline digital asset accounting, reporting, tax, and other financial workflows for assets held within and outside of Coinbase.

Integral plans to use the funds to provide Prime clients with data coverage for all of their assets and develop complementary solutions such as accounts receivable and accounts payable automations that further facilitate web3 business operations.

To learn more about the combined offering, visit https://integral.xyz/coinbase.

Integral was founded in 2022 to support businesses working with digital assets. The company has paired elite technology culture and customer-centricity, positioning it to build powerful, scalable back office solutions for businesses working with digital assets.

In less than a year, Integral has accounted for $150B in crypto transactions, and delivered solutions to web3 pioneers such as dYdX, Uniswap Foundation, Zora, and many more. Integral serves over 150 businesses including institutional hedge and venture funds, Fortune 100 companies, and web3-native entities.

Coinbase Prime is the leading institutional prime broker platform for crypto assets, trusted by over 13,000 institutional clients.

Coinbase Prime is a fully integrated platform built specifically for institutions to support the entire transaction lifecycle including advanced multi-venue agency trade execution for 200 assets, custody for more than 300 assets, prime financing, staking and staking infrastructure, data and analytics, and reporting.

Institutions can access Coinbase Prime directly via a user interface or as an integrated platform via APIs to offer crypto related products such as ETPs and ETFs, custodial solutions, or brokerage for institutional, private wealth, and retail clients.

Coinbase Prime's custodian, Coinbase Custody Trust Company, is a qualified custodian and a New York limited purpose trust company regulated by the New York Department of Financial Services. Coinbase Custody Trust Company is a fiduciary under New York state banking law.

To learn more about Coinbase Institutional's solutions, including more information about Coinbase Prime, click here.

SOURCE Integral