N Suite and Bitwave Empower Businesses to Embrace Web3

N Suite and Bitwave Empower Businesses to Embrace Web3

Time Stamp: September 5, 2023 5:55 AM
Source Node: 2867288

Key Takeaways

  • Streamlined Private Key Management: N Suite offers secure cloud-based private key storage and user-friendly workflows, simplifying the management of digital assets for businesses.
  • Robust Financial Tools: Bitwave’s comprehensive finance platform eases the complexities of cryptocurrency taxation, accounting, and compliance, enhancing operational efficiency.
  • Synergy for Success: The partnership leverages N Suite’s private key solutions with Bitwave’s accounting software, empowering businesses to confidently navigate the digital economy.

In an age marked by the growing adoption of digital assets among businesses, a pressing challenge looms ever larger on the horizon—the secure and efficient management of private keys. As organizations increasingly embrace cryptocurrencies, non-fungible tokens (NFTs), and blockchain-based technologies, the need for robust solutions to safeguard and streamline access to these digital assets has become paramount. It is within this context that the partnership between N Suite and Bitwave emerges as a critical milestone, offering a glimpse into the evolving landscape of digital asset management and the potential it holds for enterprises worldwide.

N Suite – Bitwave partnership

N Suite, a blockchain private key sharing and management service by double jump.tokyo Inc., has partnered with Bitwave, an enterprise accounting software platform designed for digital assets.

This partnership carries profound implications for businesses seeking to harness the potential of web3 technologies, offering them an invaluable toolkit to navigate the complexities of the digital economy with unparalleled ease and confidence.

N Suite: Pioneering Private Key Management

N Suite, developed by double jump.tokyo Inc., represents a quantum leap in the realm of private key management. In a world where the security of digital assets is paramount, this platform offers a robust and innovative solution. It enables organizations to securely store private keys in the cloud, effectively rendering the cumbersome and often risky practice of managing private keys on local devices obsolete.

One of the most compelling features of N Suite is its ability to facilitate the sharing and utilization of private keys among multiple individuals within an organization. This innovation alone has the potential to revolutionize internal processes, as it streamlines tasks requiring private key signatures. Whether it’s the issuance of non-fungible tokens (NFTs), executing crypto transfers, or deploying smart contracts, N Suite’s user-friendly dashboard ensures that these actions can be undertaken with unprecedented ease and security.

Bitwave: Mastering the Financial Complexity of Digital Assets

Bitwave, an industry leader in the digital asset finance sector, excels in the nuanced realm of cryptocurrency taxation, accounting, and compliance. As businesses increasingly incorporate digital assets into their portfolios, the intricacies of tracking cost basis, gains, and losses for both short-term and long-term capital gains have emerged as critical challenges.

Bitwave’s platform simplifies this process, providing organizations with the means to efficiently manage their digital asset tax liabilities. Furthermore, Bitwave seamlessly integrates invoices into its accounting system, thus optimizing the crypto accounts payable and accounts receivable processes. This translates to tangible improvements in operational efficiency, a vital consideration for businesses in today’s fast-paced digital landscape.

Bitwave has raised a total of $22.25 million in funding over 2 rounds. In the latest funding, it raised $15 million last year in a Series A funding round led by Hack VC and Blockchain Capital, with participation by SignalFire, Valor Equity Partners, Arca, Pulsar Trading, and Alumni Ventures Blockchain Fund. In 2021, it raised $7.25 million in seed funding led by Blockchain Capital with participation from Nascent, Nima Capital, Arca, XBTO Humla, and returning angel investor Rowan Trollope.

A Partnership of Synergy and Promise

The synergies that underpin the partnership between N Suite and Bitwave are evident. By combining N Suite’s prowess in private key management and approval workflow solutions with Bitwave’s comprehensive finance platform, businesses gain an unprecedented advantage in the world of digital assets.

Hirofumi Aoki, Executive Officer/N Suite Producer, encapsulated the significance of this partnership, remarking, “Together, we aim to revolutionize the landscape of digital asset management by combining N Suite’s essential enterprise ‘must-have’ private key solutions with Bitwave’s convenient and easy-to-use accounting software. This partnership empowers both web3 beginners and existing businesses to navigate the complexities of the digital economy with confidence and ease.”

Amy Kalnoki, Bitwave’s Co-Founder and COO, concurred, emphasizing the shared commitment to enabling digital assets for enterprise customers.

She noted, “N Suite understands that businesses today rely on smooth and effective operations to issue NFTs, transfer crypto, and deploy smart contracts. Together with Bitwave’s best-in-class finance platform, businesses can leverage the power of blockchain technology in a fast, safe, and full-compliant way.”

A New Era for Digital Asset Management

This partnership transcends the realm of corporate collaboration. It marks a pivotal moment in the evolution of financial technology and digital asset management, with profound implications for businesses of all sizes and industries.

As digital assets continue to assert their significance in the business world, the N Suite and Bitwave partnership positions itself as the bridge between blockchain innovation and traditional financial processes. In an era where the lines between the digital and physical worlds are blurring, this collaboration offers businesses a lifeline to stay ahead of the curve.

As the global business landscape shifts, this partnership ensures that enterprises are well-equipped to embrace the transformative potential of web3 technologies with unshakeable confidence and unbounded success.

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