KPMG Making a Lot of Big Web3 Bets

KPMG is making a lot of big Web3 bets. Spending $30M on Metaverse training is just one. I had the pleasure of interviewing one of the key leaders of this strategy Benjie Thomas, FCPA, FCA, Managing Partner, Advisory Services, KPMG Canada for my latest episode of the “Web3: From Mystery to Mainstreet” podcast.

KPMG Canada has been very active in the Web3 space, not only advising clients but also on its own behalf, buying NFTs and cryptocurrencies. Most notably, the partnership bought Bitcoin and Ether to hold on the KPMG balance sheet as part of corporate treasury diversification strategy. They followed this up by paying almost $50,000 to buy an NFT, Woman #2681 to be exact.

In my discussions with Benjie, we find out why an organisation like KPMG would be buying digital assets to hold on its own balance sheet. The answers may surprise you but it is certainly an impressive vision from this leading professional services firm. In fact it may lead you to think differently about digital assets and your own balance sheet. You may also want to rethink your NFT strategy.

Check out the episode on one of these platforms:

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