The former digital asset business member of Armano, an accounting firm, founded The Network Firm

On March 1, the former digital asset business member of Armano, an accounting firm, established the new company The Network Firm, which is engaged in providing audit, authentication and related work for customers of cryptocurrency companies. People familiar with the matter said that Armanino’s past cryptocurrency customers include the stable currency project TrueUSD, the cryptocurrency exchange Kraken, the digital asset lending platform Nexo and the investment company CoinShares.

Interpretation of this information:

The message discusses the recent establishment of a new company called The Network Firm by a former member of Armanino, an accounting firm. The new company is focused on providing audit, authentication, and related work for customers of cryptocurrency companies. The message also reveals that Armanino’s past cryptocurrency clients include TrueUSD, Kraken, Nexo, and CoinShares.

One interpretation of this message is that the cryptocurrency industry is expanding and requires specialized services such as auditing and authentication. The creation of The Network Firm by a former digital asset business member of Armanino suggests that there is a growing demand for these services among cryptocurrency companies. This is a positive development for the industry as it shows that companies are willing to invest in ensuring they are compliant and transparent.

Another possible interpretation of this message is that the cryptocurrency industry is becoming more professional and mature. The fact that large accounting firms such as Armanino have had past clients in the industry suggests that it is being taken seriously by mainstream businesses. The establishment of The Network Firm further solidifies this trend by providing much-needed services that are critical to the success of cryptocurrency companies.

Additionally, the mention of specific past crypto clients such as TrueUSD, Kraken, Nexo, and CoinShares indicates that these companies are legitimate and successful enough to require audit and authentication services. This is reassuring for individuals who may be hesitant to invest in the cryptocurrency industry due to concerns about scams or lack of transparency.

Overall, this message suggests that the cryptocurrency industry is evolving and becoming more professional. The establishment of The Network Firm and the involvement of large accounting firms such as Armanino indicate that businesses are taking the industry seriously and are investing in its future. The mention of specific past crypto clients also shows that the industry is home to legitimate and successful companies that are serious about compliance and transparency.