Consulting giant Deloitte alongside NYDIG have formed a strategic alliance to help businesses add support for cryptocurrencies. According to a, NYDIG will work with Deloitte's blockchain and crypto practices across multiple areas involving bitcoin products.
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The parties believe that the alliance will help businesses to leverage the "multi-disciplinary professional services" of Deloitte with the crypto market. Richard Rosenthal, Deloitte's digital assets banking regulatory practice lead and principal, says that the future of financial services "will center around the use of digital assets, and we are focused on advising our clients on ways to engage in a regulated and compliant way." He added:
"We believe this alliance with NYDIG will further drive business growth and is another hallmark of the extensive investment Deloitte is making in enabling digital asset innovation."
The partnership comes after Tether CTO, Paolo Ardoino, said that the company's reserves will not be audited by a company from the big four as they are concerned about reputational risk, due to the lack of regulatory definitions around stablecoins.
In addition to Deloitte, KPMG, EY and PwC are listed in the big four accounting firms.
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