1. EachPod

Auditing Digital Asset Funds and How to Value Crypto / NFTs

Author
Mike Schroeder
Published
Tue 28 Feb 2023
Episode Link
https://altfunds.io/episodes/06-9jQqOM6k

Do you have a questions about starting a hedge fund, venture capital fund or other form of alternative investment vehicle? Is there a topic your'e interested in learning about? Drop a comment or reach out - [email protected]. We connect alternative Investment managers to industry leading service providers.

 

Website: https://altfunds.io/

Youtube Channel: https://www.youtube.com/@AltFundsInvestmentPodcast

Spotify: https://open.spotify.com/show/5hmRIlxXPlw5xi7sTp1g0r?si=602097c618884dde

Linkedin: https://www.linkedin.com/company/alt-funds-investment-podcast/

 

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This episode features Ben Tenenbaum of Marcum LLP. Marcum LLP is a national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals.

 

Learn more about Marcum and connect with Ben:

- website: https://www.marcumllp.com/

- LI: https://www.linkedin.com/in/benjamin-tenenbaum-cpa-633622b5

- Email: [email protected]

- Telegram: @bmt211

 

This video is for educational purposes only.

 

Timestamps

00:00 Intro to the Alt Funds Investment Podcast

00:30 Ben Tenenbaum's background

04:34 Services offered by Marcum LLP

06:30 What type of funds does Marcum LLP work with (type of funds, size of funds, domicile of funds)

07:05 Marcum on running nodes

07:53 What is the role of an auditor for alternative investment funds

13:16 Valuing for cryptoassets for digital asset hedge funds

17:35 SEC registered digital asset funds - when is a fund required to register with the SEC

19:47 When is a fund required to be audited

20:46 Complications when auditing digital asset funds. Complications when auditing crypto funds.

23:00 How do you value NFTs. How do crypto funds value their NFT's.

26:04 Advice for someone launching a new hege fund. Advice for someone launching a new crypto fund.

28:28 Where to connect with Marcum LLP and Ben Tenenbaum

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An auditor is important for a digital asset fund for several reasons:

Transparency and accountability: An auditor provides an independent assessment of the financial statements and operations of a digital asset fund. This helps to increase transparency and accountability, and gives investors confidence in the accuracy of the fund's financial reports.

Compliance with regulations: In many jurisdictions, digital asset funds are subject to financial regulations that require regular audits. An auditor can ensure that the fund is complying with these regulations and can provide assurance that the fund is operating in a lawful and ethical manner.

Identification of risks and fraud: An auditor can identify potential risks and vulnerabilities in the fund's operations, such as fraud, market risk, and operational risk. By identifying these risks, the auditor can help the fund to take proactive steps to mitigate them.

Improved financial performance: An auditor can provide valuable insights into the fund's financial performance, helping the fund to identify areas for improvement and to optimize its operations for better results.

Overall, an auditor plays a critical role in maintaining the integrity and credibility of a digital asset fund, and helps to protect the interests of investors.

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Starting a fund? How do you start a hedge fund? Connecting with an auditor is one of the first steps. Auditors for crypto hedge funds are a key for success from the start. Are you wondering how to start a crypto hedge fund? We can help to connect you to the right hedge fund vendors. We can also help start a venture capital fund, or any form of alternative investment vehicle. We can help you to launch a hedge fund. Digital asset funds may have a more difficult time finding digital asset fund lawyers, digital asset fund auditors, digital asset fund custodians, digital asset fund fund administrators, digital asset fund offshore directors - Alt Funds can help you to find the right services providers. Alt Funds Network also works with traditional Alternative investment funds including equity hedge funds, private equity funds, venture capital funds, real estate funds, SPV's and other forms of alternative investment funds.

 

Auditing Digital Asset Funds - Ben Tenenbaum - Marcum LLP

Cryptoasset auditors

Auditing hedge funds

How to audit hedge funds

How to audit crypto funds

How to audit venture capital funds

How do you value NFT's

How to value NFTs

How to start a hedge fund

How to start a crypto fund

How to start a digital asset fund

When to audit hedge funds

Digital Asset Prime Brokers

fund manager

alternative investments

digital asset funds

How to start a crypto fund

How to start a hedge fund

New Fund Manager

Mike Schroeder, CFA

Alt FundsInvestment Podcast

Funds Investment Podcast

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