Decentralized Finance - a Primer for Accounting Professionals

This thought leadership report from the Wall Street Blockchain Alliance and CPA.com introduces the subject of “Decentralized Finance”, more widely known as “DeFi.” Originally known as “open finance”, the advent of DeFi represents yet another innovation on the rapidly evolving world of cryptoassets and blockchain technology. This paper highlights current and future DeFi use cases, legislative and regulatory challenges, and complex accounting considerations. It also shares DeFi resources to help accountants keep pace with the future.