We are excited to announce today that the Algorand blockchain is fully supported by ZenLedger! Algorand users can now securely connect their transactions to ZenLedger to easily manage their crypto portfolio and generate their required tax forms.
ZenLedger’s new integration allows Algorand users to access the ZenLedger platform for tax support on tracking transfers, trades, rewards, ASA tokens imports, fees, and more. Leveraging ZenLedger, financial applications built on Algorand can provide even better service to their users and help them stay tax-compliant.
ZenLedger addresses a key pain point for today’s crypto traders by providing an easy solution for crypto tax preparation. With the ongoing tax reporting debate in Congress and the virtual currency question listed at the top of Form 1040, the current administration and the IRS have made it clear that they are taking crypto tax evasion seriously.
“It’s great to partner with Algorand. We are excited to help the community with their accounting and taxes as they dive into trading, investing, DeFi, and all the great stuff being built on the Algorand blockchain,” says Pat Larsen, CEO of ZenLedger.
"Accounting and tax compliance services are a key component of a thriving digital economy," said David Markley, Director of Business Solutions at Algorand. "ZenLedger's expanded support for Algorand-based assets marks an exciting addition to the ecosystem of organizations on Algorand making it easier for users to transact."
To celebrate this new partnership, Algorand users are invited to sign up now and receive 15% off their ZenLedger plan of choice by using discount code Algorand15 at checkout!
Founded in 2017, and built by industry veterans in technology, finance, and accounting, ZenLedger aggregates user transaction information across thousands of exchanges, wallets, and tokens into one simple dashboard, making it easy to calculate tax liability and make financial decisions. ZenLedger helps cryptocurrency investors and tax professionals stay compliant with integration support for over 400+ exchanges, 40+ blockchains, 20+ DeFi protocols, and all wallets.
Founded by Turing Award-winning cryptographer Silvio Micali, Algorand developed a blockchain infrastructure that offers the interoperability and capacity to handle the volume of transactions needed for defi, financial institutions and governments to smoothly transition into the Future of Finance (FutureFi), where traditional and decentralized finance models converge into an inclusive, frictionless, and secure unified system. The technology of choice for more than 700 global organizations, Algorand is enabling the simple creation of next generation financial products, protocols and exchange of value.