News
Full integration of Bitwave and Stellar Blockchain
Binary wave, the leading corporate finance platform for digital assets, is excited to announce its successful integration with the Stellar Blockchain. This milestone marks the fulfillment of Bitwave’s commitment under the Activation Grant it received from the Stellar Development Foundation earlier this year.
With this integration, finance teams operating the Bitwave platform can now seamlessly account for Stellar on-chain activity through automated transaction categorization and comprehensive, audit-ready financial reporting. Bitwave has ensured that all Stellar token transactions are easily identifiable on the platform by adding the XLM token ticker symbol, providing users with quick and transparent access to their transaction information.
Enterprise-grade controls and innovative workflows
With the development of a high-volume indexer, Bitwave’s industry-leading platform is uniquely positioned to deliver true enterprise-grade controls for transaction data on the Stellar network. This integration optimizes finance teams’ accounting and financial workflows with a range of enterprise-grade features, such as granular lot-by-lot cost tracking, high-volume transaction categorizations, and simplified GAAP/IFRS-compliant reporting.
Bitwave’s SOC 1 (T2) and SOC 2 (T2) compliance ensures finance teams can confidently make faster, data-driven decisions. This integration further highlights Bitwave’s commitment to enabling businesses with robust financial workflows for their on-chain businesses.
Supporting innovation in the stellar ecosystem
Bitwave is dedicated to supporting FinTech and Fortune 100 companies driving innovation within the Stellar ecosystem. This integration will significantly benefit projects exploring a range of on-chain activities, such as tokenizing real-world assets or supporting cross-border remittances. By partnering with this active ecosystem and community, Bitwave continues to support the growth of the energy-efficient Stellar blockchain.
Amy Kalnoki, co-founder and COO of Bitwave, commented: “Celebrating this collaboration with Stellar marks an exciting moment for Bitwave and the broader digital asset landscape. This integration opens up a new opportunity for efficiency, where finance teams can access faster insights and simplified compliance. We are excited to shape the future of finance with Stellar.”
Justin Rice, Vice President of Ecosystem at the Stellar Development Foundation, commented: “This collaboration with Bitwave improves the transparency of on-chain financial reporting, enabling startups and enterprises to innovate with confidence. Bitwave’s financial compliance and reporting tools enable our community to achieve a new level of efficiency for digital assets. We are excited to work together to foster an inclusive, accessible and forward-thinking financial ecosystem. »
By providing seamless accounting automation, simplified compliance processes, and audit-ready financial reporting, Bitwave is enabling the next wave of corporate money transfers on Stellar.
For more information and to stay informed about Bitwave support for the Stellar ecosystem, please visit here.