According to Odaily, one of the Big Four accounting firms, KPMG, has entered into a strategic alliance with crypto accounting software provider Cryptio. This collaboration aims to assist U.S. crypto companies in adhering to Generally Accepted Accounting Principles (GAAP) compliance and improving their accounting and reporting practices. The KPMG-Cryptio strategic alliance is designed to establish control measures within cryptocurrency companies to better account for their crypto assets. Antoine Scalia, founder and CEO of Cryptio, stated that this partnership lays the foundation for the long-term sustainable development of the crypto industry. According to a KPMG survey, nearly 40% of institutional investors reported direct or indirect exposure to crypto assets in 2023, a significant increase from 31% in 2021.