Blockpit, a leading company in the development of legally compliant and audited tax reports for the treatment of crypto assets, today announced its $10 million Series A funding. The capital increase comes from no less than five internationally renowned investors from the FinTech and blockchain sectors. Among others, those venture capital firms are or were also invested in Coinbase and the blockchain protocols Ripple, Ocean Protocol, and Polkadot. The capital increase is intended to further develop Cryptotax, a tax reporting software developed in-house and regularly audited by a Big Four auditing firm. Another goal of the investment is to make the software available in additional countries.

Blockpit, a leading company in the development of financial compliance solutions, has launched Cryptotax in Spain, its crypto tax reporting and monitoring tool that allows you to easily generate tax reports. With Cryptotax, investors in cryptocurrencies will be able to obtain their tax reports quickly and easily to include them in their income tax declaration. More than 7.5 million Spaniards have already entered the crypto space and most of them (60%) use cryptocurrencies as a financial investment.