#United States #Atlanta #Tax Reporting #Digital Asset #Ledgible

Ledgible Launches Advanced CARF & DAC8 Transaction Categorization Engine

In a groundbreaking development for the financial world, Ledgible, a leading platform specializing in digital-asset tax, accounting, and data reporting, has introduced its Configurable CARF & DAC8 Data Engine. This innovative software solution is tailored for transforming unstructured blockchain transaction data into standardized, reportable records, specifically designed to meet the compliance requirements set forth by the Crypto-Asset Reporting Framework (CARF) and DAC8 regulations.

As nations ramp up efforts to enforce CARF, driven by compelling recommendations from U.S. leadership to align with global standards, various financial entities—including banks, cryptocurrency exchanges, custodians, and service providers—are facing pressing new compliance mandates. With CARF and DAC8 necessitating that cross-border digital-asset transactions be reported in standardized formats, the challenge remains that blockchain data typically lacks structure and is not readily prepared for reporting.

Solving Compliance Challenges at the Source

Ledgible’s engine addresses this significant hurdle by directly sourcing digital-asset information from blockchain networks, wallets, exchanges, and custodians. Instead of relying on static data exports, the platform effectively ingests native blockchain data and programmatically classifies each type of transaction—including purchases, sales, transfers, staking rewards, and income—into the appropriate CARF and DAC8 reporting categories. This capability allows for the generation of fully normalized transaction data, which can then be shared securely with tax authorities and reporting partners all over the world.

Tomer Siegal, VP of Product at Ledgible, emphasized the importance of this development, stating, “CARF fundamentally transforms how transaction data is exchanged. Raw blockchain data does not provide the necessary clarity needed for reporting.” He further elaborated, “Ledgible is now the first platform capable of converting native digital-asset transaction data into CARF and DAC8-compliant records at scale, shifting the industry from mere announcements to tangible infrastructure.”

Seamless Integration and Global Compliance

Another key feature of Ledgible’s CARF Engine is its seamless integration with worldwide tax information reporting ecosystems, facilitating standardized data exchange with third-party partners involved in reporting and information transfer. This integration is vital for institutions gearing up to comply with evolving global digital-asset reporting regulations.

Ledgible's CARF & DAC8 Data Engine is now available to any institution looking to enhance its compliance capabilities in terms of global digital asset information reporting mandates. The platform's architecture has been specifically designed to cater to some of the largest financial institutions, including major U.S. banks, investment firms, and top cryptocurrency exchanges, providing reassurance in terms of data security and compliance.

About Ledgible
Founded with a vision to simplify digital asset tax reporting and compliance, Ledgible’s platform is a trusted solution utilized by top-tier financial institutions around the globe. As a SOC 1 & 2 Type 2 certified platform, it has established its reputation as the go-to provider for compliance services and for generating Form 1099s, ensuring that clients can navigate the complexities of digital asset taxation effectively.

With the launch of its CARF & DAC8 Data Engine, Ledgible is set to redefine the landscape of digital asset reporting, offering financial entities the tools they need to comply efficiently with global standards while transforming how they manage and report on their digital transactions.