Comply Exchange and Ledgible have announced a new partnership designed to simplify the growing challenge of digital asset tax compliance.
For months, digital asset firms have faced speculation about the status of digital asset tax reporting, with some believing obligations might be relaxed or even cancelled. In reality, the reporting rules remain firmly in place, deadlines are approaching, and while penalties may be delayed, they are not disappearing.
The two companies aim to resolve this by combining their core strengths. Ledgible provides the digital asset infrastructure needed to track transactions, reconcile balances and manage cost-basis reporting. Comply Exchange, meanwhile, offers technology for collecting and validating tax forms. Together, they plan to give digital asset platforms the tools to simplify tax identity collection, verify taxpayer identification numbers (TINs), and streamline cost-basis calculations.
Comply Exchange director of client services Jessica Zeltser said, “We’ve collaborated informally with the Ledgible team for quite some time, co-presenting at webinars and tackling the complexities and nuances of information reporting and withholding. Formalizing our partnership is a natural next step, and we’re excited to deepen the interconnectivity between our platforms to deliver smarter, more connected crypto compliance solutions.”
Ledgible CEO Kell Canty said, “Our partnership with Comply Exchange enables us to offer our customers and partners a more holistic approach to tax information reporting for digital assets. Through the interconnectivity of our solutions, we make going from tax compliance and verification, to data compilation and form filing easy at scale.”
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