Big Four auditor KPMG’s Canadian operation has officially added Bitcoin and Ether to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets.
The decision to add Bitcoin and Ether to its balance sheet reflects KPMG Canada’s belief that cryptocurrencies are a “maturing asset class,” says Benjie Thomas, a managing partner for the firm. KPMG in Canada is following in the footsteps of hedge funds, family offices and pension funds in gaining exposure to crypto.
In addition to its newly acquired BTC and ETH holdings, KPMG in Canada said it also purchased carbon offsets as part of its environmental, social and governance (ESG) mandate.
