Wealth Protocol is Coming…

3 min readMar 5, 2022

Wealth Protocol is developing a platform that will provide all investors a comprehensive solution that enables them to manage their portfolios, make informed trades, track their gains/losses in real-time, while maintaining compliance with their local tax authorities and regulators.

Currently, there is no comprehensive Wealth Management wallet that exists in the Crypto space that can integrate all your investments across different platforms and wallets into one wallet and then generate reports on gains/losses over selected time periods, calculate taxable gains, simplify your tax filings, etc.

We at Wealth Protocol are building the world’s first ever, Crypto-Wealth Management application that makes investing in crypto simple, safe, and convenient — all while keeping you on the right side of the law.

The team behind this designed the concept driven by their own needs to ensure they remain tax compliant with their local authorities. Many of the challenges they found with the current products on the market were:

Having to use multiple apps to keep track of investments made on different platforms
Being unable to track staked values directly in your wallet in turn providing you with inaccurate data to make the right investment decision
Manually importing and maintaining excel spreadsheets with details of each transaction
Having to use 2–3 different websites/applications/wallets for tracking the prices of tokens, viewing profit/loss statements for tokens in different wallets, trading tokens held across multiple wallets
Trying to understand capital gains, taxable events, cost-basis calculation methods for taxation, being unsure on what transactions to report based on tax jurisdiction.

With a lot of these pian staking issues and more came the birth of Wealth Protocol

The Wealth Wallet aims to simplify investing in Cryptocurrencies by offering a one-stop solution to investors for:

Managing their investments made across multiple networks
Keeping track of their tokens, and value held in multiple wallets
Viewing their profits/losses in real time
Viewing the current book value, market value, and staked values of their crypto investments; and reflections received
Peace of mind by incorporating a contract analyzer that checks for HoneyPots and Rugpulls
Seamless transfers — add your contacts’ wallet addresses for seamless and quick transfers
Calculating their gains/losses on transactions to determine their tax obligations
Providing details that simplify the process of reporting and filing taxes on gains/losses on cryptocurrency

Founders

The Co-Founders behind this project are both Professionals with successful careers and backgrounds in Accounting.

The CEO has over 18 years of accounting experience. The past 6 years, he was a Tax manager at a cross-border boutique tax firm that assisted high net worth individuals and professional athletes in being tax compliant with the IRS and CRA

The COO has a background in accounting but more extensively works in the Toronto Real Estate Industry being the recipient of multiple annual awards.