"TransitNet provides a critical service for the audit, tax and service provider community... Using TransitNet is just another way that we are committed to offering leading technology and best practices to our clients."
LOS ANGELES (PRWEB) June 26, 2019
CapLinked Inc., a developer of proprietary information control software, today announced the launch of its blockchain platform TransitNet and the onboarding of its first clients, including Cohen & Company, a respected leader of audit and tax services in the crypotcurrency industry. CapLinked is developing TransitNet to provide tools to manage title verification, financial reporting, and corporate governance for blockchain-based securities and digital assets.
TransitNet’s first product offering, the Asset Collision Identifier, addresses a known gap in the current crypto audit practices by giving service providers the tools they need to continuously monitor for the collision (duplication) of digital assets. TransitNet enables auditors, administrators, and other service providers to identify wallet addresses that may be claimed by multiple managers, helping ensure that specific assets are not claimed by more than one fund.
Cohen & Company offers a full range of accounting, tax, and consulting services to clients throughout the U.S. and worldwide. With more than 650 associates in 10 offices, Cohen & Company is one of the largest CPA firms in the country and is committed to advising its clients in the private sector and the investment industry. Among its many accolades, the company is widely regarded as the market leader in providing audit and tax services for investors with crypto and digital assets.
“TransitNet provides a critical service for the audit, tax and service provider community,” said Corey McLaughlin, co-president of the Investment Industry Services Division at Cohen & Company. “By providing a secure and private way to identify if multiple managers have claimed a wallet address, TransitNet enhances our ability to verify the title for digital assets. Using TransitNet is just another way that we are committed to offering leading technology and best practices to our clients.”
“Cohen & Company has earned their reputation as one of the most technologically sophisticated and advanced providers of audit solutions for investors in blockchain-based assets,” said CapLinked CEO Eric M. Jackson. “We are honored and excited that they have chosen to utilize TransitNet to monitor for the duplication of digital assets. It validates the need for a product like TransitNet to serve this emerging market of securities and assets on the blockchain.”
CapLinked Inc.--whose well-known virtual data room service is used by clients around the world to manage transactions such as mergers and financing deals--announced its plans to create TransitNet last year. The company formed a blockchain advisory board comprised of leading experts across the fields of technology, crypto, and finance, and also disclosed that it had raised funding from several leading blockchain-focused funds, including Alphabit Fund, Translunar One, Kenetic Capital, NextProtocol Ventures, and BKCM.
More information about TransitNet can be found at https://transitnet.io.
For media inquiries or interviews with CapLinked and TransitNet, please contact the company by email at email@example.com or by calling (888) 799-6849 ext. 6. For Cohen & Company, please contact Megan Howell at Cohen & Company at firstname.lastname@example.org or by calling (216) 774-1145.
About CapLinked, Inc.
CapLinked’s cloud platform for information sharing and collaboration is used globally by thousands of companies in 113 countries for mergers & acquisitions (M&A), financial transactions, business development, due diligence, legal compliance and secure file retention. Eric M. Jackson (PayPal’s first head of US marketing) and Christopher Grey (former private equity and investment banking executive) founded the company in 2010. CapLinked and TransitNet are trademarks of CapLinked, Inc. Visit https://www.caplinked.com to learn more.
About Cohen & Company
Cohen & Company’s Investment Industry Services Division is focused on comprehensive audit, attest, tax, and consulting services exclusively for the investment industry. Our national client base includes mutual funds, hedge funds, private equity, exchange traded funds, commodity pools, investment advisers, fund service providers, high net worth individuals, trusts, and foundations. We have a customized, focused audit approach and deep tax expertise. But what makes us different is our culture built on energy, discipline, results, and—most importantly—personal commitment to our clients. The firm was founded in 1977; has more than 650 associates in Illinois, Ohio, Maryland, Michigan, New York, Pennsylvania, and Wisconsin; has an international presence in the Cayman Islands and Ireland; and is ranked as one of the top accounting firms in the country. Member PCAOB. Visit https://www.cohencpa.com/ to learn more.
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