Recent activity on several job boards suggests that Deloitte may be getting into crypto. The accounting giant advertised more than 300 roles related to cryptocurrencies and blockchain technology.
What does this mean for HedgeUp (HDUP) and other Web3 decentralized finance (DeFi) projects?
Deloitte could be jumping into crypto
Deloitte, one of the Big Four accounting firms, recently advertised crypto job roles on LinkedIn and Google Jobs. If this is anything to go by, the firm is entering the crypto space in what could be one of the most significant moves of the year.
According to Blockworks, the first to report on this development, Deloitte made a total of 331 job postings on LinkedIn, advertising available crypto jobs in the US. The number of job postings is high because the company puts the same job posting in multiple locations.
Some of the advertised job positions include Blockchain & Digital Assets Manager in 97 US locations and Tax Manager (Blockchain & Cryptocurrency) in 18 locations. There is also a Tax Manager (Blockchain & Cryptocurrency in NFTs) in three locations.
Deloitte is definitely trying to recruit crypto natives. The listing for “Blockchain & Digital Assets Manager” shows that Deloitte is looking for someone to lead teams that will be providing audit readiness for blockchain transactions. This is an indication of the firm’s newfound willingness to work with crypto firms.
Unfortunately, the same can’t be said for the other “Big Four” accounting firms. On LinkedIn, KPMG, PricewaterhouseCoopers (PWC), and Ernst & Young are yet to post crypto-related job openings. It seems like their reluctance to work with crypto firms will continue for a little longer.
But things may change faster than expected. Late last year, none of the Big Four firms were willing to conduct a proof of reserves audit for a private crypto firm. And just a month later, Circle partnered with Deloitte for an audit on its crypto reserves.
Will HedgeUp (HDUP) benefit from this move?
Industry experts are looking into how Deloitte’s venture into crypto will help the space. For one, Deloitte will likely inspire more auditing firms to work with crypto firms. This is a good thing for projects like HedgeUp (HDUP).
HedgeUp (HDUP) is a Web3 investment platform that gives users opportunities to invest in alternative assets. To work, the project says it will tokenize alternative asset classes, like luxury watches, gold, and jewelry, into NFTs.
It is essentially creating asset-backed NFTs. The NFTs will be made available for trading on HedgeUp (HDUP)’s platform. Assets, on the other hand, will be stored in one of HedgeUp (HDUP)’s insured vaults.
Auditing is a crucial part of such a platform. The platform will have to regularly prove that they have the assets backing their NFTs. And since Deloitte’s move will inspire more accounting firms to work with crypto projects, this should be much easier than it currently is.
So, while HedgeUp (HDUP) will probably not work directly with Deloitte, it will be one of the beneficiaries of Deloitte’s willingness to work with crypto firms.
HedgeUp (HDUP) is currently running a presale for HDUP as it looks to raise funds for developing its platform. Investors can scoop up the token at only $0.013 while it’s still in the second phase of its presale.
Click the links below to find out more about the HedgeUp (HDUP) presale here:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
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