Bitwave

Enterprise crypto subledger and tax platform backed by $22M in funding

Tax tool Founded 2018 United States
Visit bitwave.io
Our score
Very good
Tax reports for United StatesOther
DeFi & NFT support Yes
Reports produced 1099-DAGAAPIFRS

What is Bitwave?

Bitwave is a digital asset accounting, tax, and payments platform that connects blockchain transactions to corporate general ledgers and ERP systems.

Company background and funding

Bitwave was founded in 2018 by Patrick White and Amy Kalnoki. Headquartered in San Francisco, California, the company employs approximately 55 people across North America, Europe, and Asia. Venture funding totals $22M, including a $15M Series A round.

Core subledger and tax features

The platform acts as an accounting subledger. It categorizes transactions, detects internal transfers, and synchronizes data with ERP software. Tax tools calculate capital gains and losses, support customizable inventory segregation, and apply specific-lot identification or time-based cost basis. Finance teams can track DeFi protocol balances and manage accrued rewards. The software also handles digital asset impairments under GAAP and IFRS standards. For payment processing, Bitwave supports non-custodial crypto invoicing and multi-signature payment approvals for stablecoin accounts payable and receivable.

Supported networks and integrations

Bitwave integrates with blockchains including Bitcoin, Ethereum, Solana, NEAR, Base, Berachain, Canton Network, Hedera, and Monad. It connects to institutional custodians such as Fireblocks, BitGo, Anchorage, and NYDIG, alongside multi-signature setups like Safe. In July 2026, Bitwave introduced Bitwave Agentic, an open-source suite featuring a command-line interface, model context protocol tools, and local accounting modules designed for autonomous financial operations.

Pricing and trade-offs

Bitwave is built for corporations and token projects rather than retail tax filers. The software offers no self-serve free plan. Enterprise teams must schedule a product demonstration and receive custom pricing quotes based on transaction volume and ERP complexity.

Founders

Patrick WhiteCo-Founder and Chief Executive Officer
Amy KalnokiCo-Founder and Chief Operating Officer
Best for:Enterprise crypto accounting teamsInstitutions needing GAAP complianceOrganizations paying invoices in stablecoinsCompanies managing custodial wallet fleets

Pros and cons

Pros

  • Supports institutional custodians including Fireblocks, BitGo, Anchorage, and NYDIG
  • Integrates with over eight major blockchains, including Canton Network and Monad
  • Generates GAAP and IFRS compliant fair-value balance sheet reports
  • Handles non-custodial stablecoin accounts payable and receivable workflows

Cons

  • No public self-serve pricing or consumer tier available
  • Requires a guided demo and sales onboarding to access the platform
  • Complex custom smart contracts require manual rule configuration to avoid errors
  • Not intended for individual retail crypto tax filers

Our review

4.0/5
Very good

Bitwave delivers enterprise-grade crypto accounting, subledger tracking, and ERP synchronization, but it requires sales-led pricing and custom onboarding unsuitable for individual retail tax filers.

Accuracy4.5
Integrations4.5
Pricing2.5
Report coverage4.5
Ease of use3.5

Bitwave is an institutional accounting and crypto tax subledger designed to bridge blockchain transactions with corporate ERP systems. Founded in 2018 in San Francisco by Patrick White and Amy Kalnoki, the company has raised $22 million in funding, including a $15 million Series A round. It serves corporations, Web3 foundations, and digital asset brokers that must maintain audit-ready financial statements under GAAP and IFRS standards.

The platform handles complex inventory segregation, cost basis calculations, and automated transaction categorization. It integrates natively with institutional custody providers like Fireblocks, BitGo, Anchorage, and NYDIG, as well as multi-signature setups such as Safe and Electrum. For on-chain activity, Bitwave tracks balances across Bitcoin, Ethereum, Solana, NEAR, Hedera, Canton Network, and Monad. Its subledger syncs directly into enterprise accounting suites, handling fair value adjustments and stablecoin payments with configurable accounts payable and receivable approval rules.

Bitwave is built for corporate controllers and enterprise tax departments rather than retail investors:

  • Its feature set targets balance sheet accounting and Form 1099-DA broker compliance rather than personal Form 8949 filings.
  • There is no self-serve free plan or fixed retail pricing tier; software access requires an enterprise sales demo.
  • The platform setup involves significant operational integration compared to plug-and-play consumer tax calculators.

Finance teams managing high-volume on-chain treasuries or broker tax reporting will benefit from Bitwave's deep subledger automations and SOC security standards. Individual taxpayers seeking automated TurboTax exports for casual trading should choose a dedicated consumer tax tool instead.

Listings are researched and drafted with AI assistance from public sources, then checked for accuracy and readability. Spot an error? Tell us. Editorial policy.
Sources (1)

Specs

Tax reports for United States, Other · unverified
DeFi & NFT support Yes · unverified
Reports produced 1099-DA, GAAP, IFRS · unverified
Accountant portal Yes · unverified
Tax professional support Yes · unverified

Not disclosed by the provider: Free plan, Paid plans from (per tax year), Exchange & wallet integrations, TurboTax export, Mobile app, Free trial.

Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.

Key features

Enterprise tax subledger

Applies lot-based identification, custom inventory segregation, and cost-basis tracking to calculate capital gains across connected wallets.

GAAP and IFRS reporting

Generates audit-ready financial statements with digital asset impairment tracking and fair value balance sheet calculations.

DeFi portfolio monitoring

Tracks point-in-time balances and accrued rewards across protocols with automatic categorization of liquidity and staking activity.

Stablecoin payments and invoicing

Executes non-custodial accounts payable and receivable workflows with configurable multi-signature approval rules.

Custodial and wallet connectors

Syncs data directly from institutional providers including Fireblocks, NYDIG, BitGo, Anchorage, and Safe.

Agentic financial operations

Provides an open-source CLI and developer tools to run local subledger accounting for autonomous agents.

Inside Bitwave

Enterprise-Grade Subledger

Tracks digital asset transactions and synchronizes them directly into ERP systems using customizable cost basis methods and inventory segregation.

Stablecoin Payments

Enables non-custodial B2B invoicing, bill pay, and cross-border settlements with configurable approval workflows.

Institutional Reconciliation

Automates month-end financial close workflows and generates GAAP and IFRS compliant audit-ready reports.

DeFi Monitoring

Displays point-in-time portfolio balances, categorizes decentralized finance transactions, and tracks accrued protocol rewards.

Bitwave Agentic

Provides open-source CLI tools, analytics, and infrastructure for autonomous, AI-driven financial operations and local bookkeeping.

Bitwave screenshots

Bitwave’s homepage shows its enterprise back-office platform for digital assets and agentic finance
Bitwave’s homepage shows its enterprise back-office platform for digital assets and agentic finance · Oct 20, 2026

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FAQ

Who founded Bitwave?

Bitwave was co-founded by Chief Executive Officer Patrick White and Chief Operating Officer Amy Kalnoki.

How much does Bitwave cost?

Bitwave does not list standard retail prices and sells its platform through custom enterprise agreements based on business requirements.

Does Bitwave have a native token?

No, Bitwave is a software company and does not issue a cryptocurrency or utility token.

What blockchains and custodians does Bitwave support?

Bitwave supports chains including Bitcoin, Ethereum, Solana, NEAR, Base, Canton Network, and Monad. It also integrates with institutional custodians such as Fireblocks, Anchorage, BitGo, and NYDIG.

Can individual crypto traders use Bitwave for tax filing?

Bitwave is designed for enterprises, institutions, and digital asset brokers rather than individual retail tax filers. Individuals looking for consumer tax forms or TurboTax exports are better served by retail tax tools.

Latest from Bitwave on X

Bitwave 🌊
@bitwaveplatform · 2.3K followers
Follow
🌊 Now Integrated: @Monad 🔗 Bitwave

From DeFi activity to staking revenue, organizations operating across the Monad ecosystem can now use Bitwave to streamline accounting, reconciliation, and reporting with the controls and visibility enterprise finance teams need. https://t.co/H4rADVIniw
Image attached to the post
5 3 16 1.6K View on X
This week, we introduced Bitwave Agentic, an interconnected collection of infrastructure, interfaces, data, and open-source tools designed for a future in which AI agents participate directly in financial operations.

Here’s everything we launched as part of our Agentic product: https://t.co/q23UIHX0g6
Image attached to the post
7 0 5 367 View on X
As tokenized markets move from concept to production, operational infrastructure becomes increasingly important. @The_DTCC is collaborating with Bitwave as the finance subledger for its Digital Assets business. https://t.co/2dzkonrXa2
Image attached to the post
3 1 10 310 View on X
Everything we do at Bitwave orbits around the core mission of bringing digital assets into the general ledger. Today, we're excited to extend that mission through our new integration with @RilletHQ. https://t.co/Vf64NSi4p7
Image attached to the post
2 0 2 1.1K View on X
The day is almost here! EDAS: Payments Day at @consensus2026 will feature an array of expert panelists to comment on stablecoins as financial infrastructure, compliance, risk, and privacy for on-chain enterprise payments.

The lineup 👇

Melvis Langyintuo of @CantonFdn https://t.co/FXdCRTUUYR
Image attached to the post
3 2 14 982 View on X

Recent public posts from @bitwaveplatform, shown as published. Not reviewed or endorsed by CryptoReview.

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