Investment company accounting for crypto intangible assets
Digital asset use cases and offerings continue to evolve and proliferate, but there remains only limited US GAAP that explicitly addresses the accounting for digital assets. In this publication, we provide our perspectives on accounting for crypto intangible assets (a subset of all digital assets) by investment companies.
The issues and considerations we identify herein are not exhaustive, and our views and observations may not reflect the only acceptable views in practice in this evolving area. Our perspectives may change as practice continues to develop, if the FASB expands on or amends its US GAAP guidance on the accounting for crypto intangible assets, or if the SEC staff expresses new or amended views.
We…
