Bitwave, the leading provider of enterprise finance solutions for digital assets, announced the acquisition of Gilded, a crypto payments and reporting platform to solidify leadership in Web3 payments economy.
This strategic acquisition was completed on September 7 and will enhance accounting and enterprise solutions while improving accounting and tax clarity in the United States.
Bitwave aims to integrate Gilded’s technology into its entire financial stack. This will allow enterprise teams to manage crypto payments and invoices to numerous stakeholders while tracking expenses efficiently.
Through this acquisition, Bitwave would offer a best-in-class financial stack (“the full CFO stack”), catering to the evolving needs of the Web3 industry. It envisions a future where digital asset payments overtake traditional payment systems in the next 10 years.
As part of the acquisition, Ken Gaulter, the current CTO of Gilded, will join the Bitwave staff as an engineer. Moreover, Guilded’s existing customers will have dedicated support from Bitwave’s top-rated customer success team to avoid any service interruption to their business.
At Bitwave, we believe that crypto payments are the future. With instant settlement and incredibly low fees, financial institutions are starting to recognize the massive opportunity afforded by this technology,” said Pat White, Bitwave CEO and Co-Founder.
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