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Bitwave
Pat White and Amy Kalnoki launched Bitwave in 2018 to give enterprises a direct pipeline from blockchain transactions into traditional financial systems.
Bitwave
Pat White and Amy Kalnoki launched Bitwave in 2018 to give enterprises a direct pipeline from blockchain transactions into traditional financial systems. The company operates as a remote-first software provider, positioning itself as the connective tissue between digital asset activity — across exchanges, custodial wallets, DeFi protocols, and blockchains — and the general ledgers maintained in ERP systems. Its customer base spans crypto-native firms, enterprises accepting digital payments, and institutions managing client assets. The platform covers accounting automation, stablecoin payments, tax-lot tracking, and GAAP/IFRS-compliant reporting. It integrates with blockchains including Bitcoin, Ethereum and its L2s, Solana, and NEAR; custodians such as Fireblocks, BitGo, and Anchorage; and exchanges like Coinbase. On the DeFi side, the system captures accrual rewards, point-in-time balances, and automatic transaction categorization. The stablecoin module handles non-custodial invoicing, cross-border payments, and configurable approval flows — all designed to sit inside existing AR/AP workflows. Crypto-native clients such as Pudgy Penguins use the platform for treasury operations and month-end close, while energy-sector firms rely on it for mining-revenue accounting. The firm is fully distributed across more than seven countries, with an eight-person leadership team listed publicly. A recent move into professional education includes Bitwave Certification courses and NASBA-licensed CPE credits, signaling an effort to build an institutional user base that extends beyond software licensing. Client testimonials cite the platform as essential for closing the books on complex, high-volume digital-asset activity, with one mining operator noting the system's role in automating revenue tracking directly from the blockchain. Bitwave's structural differentiator is its role as an accounting and payments middleware layer built exclusively for digital assets. Unlike generalist ERP modules or crypto-tax calculators designed for individuals, the platform behaves like an institutional subledger — holding the detailed transaction data that feeds summary entries into systems like NetSuite or QuickBooks. This architecture allows enterprises to process on-chain activity at scale without altering core financial infrastructure, making the firm's software a permanent fixture inside the back office rather than a point-solution overlay.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Pat White
Co-Founder
Amy Kalnoki
Co-Founder
Joe Hoffend
Leadership Team
Katie Montembeault
Leadership Team
Ken Gaulter
Leadership Team
Nathan Johnson
Leadership Team
Sean Conner
Leadership Team
Ren Miao
Leadership Team
Sector focus
Frequently asked questions
Is Bitwave a single-family office, an asset manager, or a software company?
Bitwave is a B2B enterprise software company that sells a platform for digital-asset accounting, stablecoin payments, and compliance reporting. It does not manage outside capital, deploy proprietary AUM, or operate as a family office.
Who runs product and engineering decisions at Bitwave?
Co-founders Pat White and Amy Kalnoki lead the company alongside a publicly listed leadership team of six additional executives. The firm has not disclosed which specific investment or product decisions sit with particular individuals beyond the broad leadership group.
How does Bitwave integrate with existing enterprise financial systems?
The platform acts as a digital-asset subledger, syncing on-chain transaction data with ERPs such as NetSuite and QuickBooks. It connects to blockchains, custodial wallets, exchanges, and DeFi protocols, then generates the journal entries and reconciliation reports that flow into the general ledger.
Does Bitwave support stablecoin B2B payments?
Yes. The stablecoin payments module handles non-custodial crypto invoicing, cross-border payments, and configurable approval flows. It is designed to integrate with existing accounts-payable and accounts-receivable systems so that enterprises can pay vendors and receive payments in crypto without leaving their core financial workflows.
What blockchains, custodians, and DeFi protocols does the platform support?
The firm publicly lists support for Bitcoin, Ethereum and its L2s, Solana, and NEAR. Custodial wallet integrations include Fireblocks, BitGo, and Anchorage. Supported DeFi protocols and exchanges span a large set that the company states it expands continuously, with Coinbase, NYDIG, and Gnosis Safe among the named integrations.
Is Bitwave's platform auditable under GAAP and IFRS standards?
Yes. The firm markets its reporting module as producing GAAP- and IFRS-compliant financial reports, including support for digital-asset impairment, fair value accounting, and complex cost-basis transfers. It also advertises SOC 1 Type 2 and SOC 2 Type 2 security certifications for its data environment.
What kind of enterprises use Bitwave today?
The firm cites crypto-native brands such as Pudgy Penguins alongside enterprises in the energy sector that use the platform for mining-revenue tracking. It also serves institutional clients that manage digital-asset portfolios across segregated beneficiary accounts.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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