Hot Topic | August 2022

 

Insight

Accounting for crypto staking rewards

Assessing the accounting considerations and challenges around staking crypto assets on proof-of-stake blockchains

Scott Muir

Scott Muir

Partner, Dept. of Professional Practice, KPMG US

+1 212-909-5073


In this Hot Topic, we describe crypto staking, explain key staking concepts and outline key decision points for validators and delegators associated with accounting for staked tokens and staking rewards. 

Applicability

All entities that stake crypto intangible assets on proof-of-stake blockchains

Relevant dates

  • Effective immediately

Topics addressed:

  • Key crypto staking concepts
  • Accounting for staked crypto assets (tokens)
  • Identifying the principal to validation activities
  • Accounting for transaction fees earned by a validator
  • Staking rewards revenue recognition by validators and delegators

Related content

Subscribe to our newsletter

Receive timely updates on accounting and financial reporting topics from KPMG.

Receive timely updates on accounting and financial reporting topics from KPMG.

ARO

Use our Accounting Research Online for financial reporting resources.

Use our Accounting Research Online for financial reporting resources.