ZenLedger Integrates Enterprise-Grade Tax and Compliance Infrastructure with Sui Blockchain

yesterday / 02:05 2 sources positive

The cryptocurrency tax and accounting platform ZenLedger has announced a major integration with the Sui blockchain, bringing its enterprise-grade tax, accounting, and real-time compliance tooling directly to the network. This partnership is designed to simplify and automate tax reporting for SUI users, developers, and, critically, institutional clients building on Sui.

The integration allows ZenLedger's system to automatically pull transaction data from the Sui blockchain, aggregating it with data from exchanges, wallets, and DeFi activities. This automates the generation of standardized, ready-to-file tax reports, such as IRS Form 8949 and Schedule D in the US, applying accounting methods like FIFO or LIFO to calculate gains and losses. The move directly addresses a significant pain point in crypto adoption: regulatory compliance.

Pat Larsen, ZenLedger's CEO and co-founder, stated, "Blockchains require digital-asset infrastructure built for accuracy and regulatory alignment. Integrating ZenLedger directly on Sui ensures enterprises can operate globally with the confidence and controls regulators expect." The platform's enterprise offering includes support for over 300 exchanges, 40+ blockchains, DeFi integrations, and features like automated NAV calculations, multi-wallet reconciliation, and API-based reporting for embedded solutions.

Adeniyi Abiodun, Chief Product Officer at Mysten Labs (a key contributor to Sui), emphasized the strategic importance, noting that combining Sui's high-performance architecture with ZenLedger's compliance tools enables sophisticated businesses to "fully move onchain." The announcement, made during Abu Dhabi Finance Week, is seen as a catalyst for institutional adoption in regions like the GCC, Asia-Pacific, Europe, and North America, where regulatory clarity is paramount.

ZenLedger, founded in 2017 and backed by investors like Mark Cuban and ParaFi, positions itself as the only directly IRS-contracted crypto tax partner. The integration also includes on-chain audit and forensic tools for government agencies, underscoring its focus on institutional-grade compliance. For the Sui ecosystem, this partnership represents a vital infrastructure upgrade, removing a major barrier to entry and signaling its maturation towards mainstream, real-world financial activity.