A New Era for Institutional Bitcoin Adoption
The financial landscape for digital assets is undergoing a seismic shift. With the repeal of SAB 121, institutions now have the regulatory clarity they need to scale Bitcoin adoption. Simultaneously, stablecoins have arrived on the Lightning Network, creating a faster, more cost-effective ecosystem for digital payments.
At the forefront of this transformation, Voltage, the longest-standing Lightning Network payments platform, has integrated with Taxbit, the leading tax and accounting solution for digital assets. This first-of-its-kind collaboration provides businesses with an enterprise-grade solution for Lightning payments, ensuring seamless compliance, tax reporting, and regulatory adherence.
Why This Matters: Unlocking Institutional Bitcoin Adoption
For years, institutions faced significant regulatory and accounting challenges when dealing with digital assets. SAB 121, enacted in 2022, required financial institutions to recognize customer-held digital assets on their balance sheets as both safeguarding assets and liabilities. This increased capital requirements, making Bitcoin adoption costly and complex.
However, with the repeal of SAB 121 (effective January 23, 2025), institutions can now treat Bitcoin like traditional financial assets, opening new doors for:
- Custody: Institutions can hold Bitcoin without excessive balance sheet burdens.
- Reporting: Standardized financial reporting aligned with traditional assets.
- Treasury Management: More efficient Bitcoin and stablecoin transactions on corporate balance sheets.
Simultaneously, stablecoins are now live on the Lightning Network. Tether recently announced its integration with Lightning, providing businesses with an efficient way to transact in both Bitcoin and stablecoins. This evolution marks a turning point for enterprises looking to leverage digital assets for payments, treasury, and financial management.
Voltage x Taxbit: The Future of Lightning Payments & Compliance
By integrating Voltage with Taxbit, businesses can now seamlessly handle Lightning transactions with enterprise-grade tax and accounting solutions.
What This Means for Businesses
- Real-Time Compliance: Automated tracking and reporting of Lightning transactions ensures businesses stay aligned with regulatory frameworks.
- Scalable Treasury Solutions: Taxbit’s powerful cost-basis tracking and accounting rules engine enables seamless, enterprise-scale financial management.
- Audit-Ready Financials: Integrated reporting tools ensure businesses meet disclosure requirements with Big Four-grade accuracy.
Graham Krizek, CEO of Voltage, highlights the significance of this integration:
“The industry is at an inflection point. With the repeal of SAB 121, businesses now have the regulatory clarity needed to scale Bitcoin adoption. By integrating with Taxbit, we’re enabling companies to take full advantage of the Lightning Network with built-in compliance and financial controls. With stablecoins coming on the Lightning Network, it is poised to be an incredible year.”
Lindsey Argalas, CEO of Taxbit, echoes this sentiment:
“At Taxbit, we are committed to empowering institutions with the best-in-class accounting solutions for digital assets. This integration with Voltage ensures businesses can efficiently manage Lightning Network transactions while maintaining tax and financial compliance at scale.”
A Fully Compliant Future for Bitcoin & Stablecoins
With Voltage and Taxbit now fully integrated, businesses have a turnkey solution for adopting Bitcoin and Lightning payments with built-in tax compliance and financial reporting.
Trusted by industry leaders such as PayPal, Google, BitGo, Fireblocks, and FOX, Taxbit’s enterprise-grade accounting solutions bring confidence and efficiency to digital asset transactions. This partnership with Voltage simplifies Bitcoin payments, making them scalable, cost-effective, and fully compliant.
For more information on how your business can leverage this integration, visit voltage.cloud and taxbit.com.
