Riot Blockchain, Inc. announced today they have made a strategic investment in Verady, LLC. Verady combines blockchain technology and industry thought leadership to bring accounting standards and audit services to the cryptocurrency and blockchain asset market. Verady provides accounting, audit, and verification for blockchain based assets and tokens. The company’s investment in Verady will be used to further advance its technology and increase the size of its team.
Founded in 2016, Verady recently launched VeraNet, a decentralized network of financial reporting and accounting tools targeted to the needs of the cryptocurrency community. Verady follows recent investments the company has made into Coinsquare, Tess, and its Bitcoin mining operation.
John O’Rourke, Chairman and Chief Executive Officer of Riot Blockchain stated:
“This investment continues our commitment to building blockchain technologies. With recent highs in Bitcoin and other cryptocurrency valuations, there is significant market potential for blockchain and digital asset technologies. We will continue to increase our involvement and support of the blockchain ecosystem, as we ramp up our Bitcoin mining operations.”
Kell Canty, Co-founder, and CEO of Verady said:
“As early movers in the crypto audit and accounting ecosystem, the investment from Riot Blockchain will enable us to enhance our services which are crucial to the adoption and growth of blockchain assets.”