2025 Review: Changing Crypto Auditing

Table of Contents

LedgerLens just wrapped up an incredible year of innovation. We’ve been building the best crypto auditing and accounting software designed specifically for auditors and financial professionals who verify digital assets. In 2025, we launched AI-powered tools, expanded to support more blockchains, and helped leading accounting firms successfully handle complex cryptocurrency audits. Here’s what we accomplished and why it matters.

What Is LedgerLens and Why Does It Matter?

Before diving into our 2025 achievements, let’s back up. Crypto auditing and accounting software is a specialized tool that helps auditors verify digital assets like Bitcoin and Ethereum. Think of it like confirmation software for checking traditional bank balances, except digital assets live on blockchains instead of at traditional banks.

Proof of reserves is a verification method that proves a company actually holds the cryptocurrency they claim to own. Imagine if a bank had to prove it really had all the money in customers’ accounts (hint: they do not). That’s essentially what proof of reserves does for crypto companies.

How to audit cryptocurrency is different from traditional auditing because digital assets live  open and public blockchains. LedgerLens makes this process faster and more reliable.

Expanding Our Technology to More Blockchains

In 2025, LedgerLens added support for four major blockchain networks. This means auditors can now verify digital assets on more platforms without switching between different tools and websites.

We added Blast, a faster version of Ethereum that processes transactions more cheaply. We added Celo, a blockchain designed for mobile phone users in developing countries. We integrated Hedera Hashgraph, which uses a different technology to process transactions very quickly and cheaply. Finally, we added Plume, which specializes in real-world assets.

This expansion brings us to support over 20 blockchains total. For auditors, this means they can verify almost any digital asset from one platform instead of juggling multiple blockchain explorers and hoping the data is accurate.

Game-Changing Features Released in 2025

AI-Powered PDF Parsing for Proof of Reserves

The biggest innovation was our AI-powered system that automatically reads bank statements and custody reports. Historically, auditors manually verified data on PDFs , which was a slow and error-prone process. Our AI system now reads PDFs automatically, checks the information for accuracy using multiple AI models, and directly feeds the data into our auditing platform.

This single feature cuts weeks of work down to minutes. For companies that have reserves at custodians who do not have an API feed , this is game-changing.

Batch Wallet Queries

We released a tool that lets auditors check thousands of cryptocurrency wallet addresses at the same time instead of one-by-one. For large companies with many wallets, this cuts audit time dramatically.

Bitcoin Advanced Features

We solved a complex problem: proving ownership of Bitcoin multi-signature wallets, where multiple people need to approve transactions. We also added the ability to track entire families of Bitcoin addresses using a master key called an “xPub.” These features help auditors verify Bitcoin holdings more reliably.

Real-Time On-Chain Verification

Instead of checking reserves once a month, LedgerLens can now verify them continuously. This is like having a security camera monitoring a bank vault 24/7 instead of just checking during business hours.

Real Success Stories from 2025

CorpWerk PAC in Singapore

A major accounting firm in Singapore used LedgerLens to audit one of their clients. The challenge was massive: the client had over 100 different cryptocurrencies spread across 10 blockchains and stored in more than 1,000 different wallet addresses.

Using traditional methods, this audit would have taken months and been incredibly error-prone. With LedgerLens, CorpWerk verified all the balances instantly. The partner at the firm said: “LedgerLens has revolutionized our approach to digital asset audits. It is an indispensable tool for any audit firm in this space.”

Moore Johannesburg’s Luno Project

Moore Johannesburg, part of a global accounting firm network, took on a huge project: verifying the cryptocurrency reserves for Luno, one of the world’s largest crypto exchanges. They needed to verify 35+ different cryptocurrencies across 8 blockchains and prove the exchange owned 100+ wallets.

Moore Johannesburg used LedgerLens to complete these complex verifications 10 times faster than manual methods. They’ve now successfully completed proof of reserves checks for Luno 22 months in a row. Their director said the platform let them “complete traditional audits in a fraction of the time and offer new transparency services to an industry that desperately needs them.”

How to Audit Cryptocurrency: The New Standard

LedgerLens is changing how auditors approach how to audit cryptocurrency. The platform provides two main ways to prove ownership:

Digital Signature Verification: A company signs a message using their private key. The auditor can then verify that the signature actually came from that company’s wallet. It’s like a cryptographic fingerprint proving they control the wallet. No money needs to move, and there are no fees.

Send-to-Self Transactions: The company sends a small amount of cryptocurrency to a designated address, creating an unchangeable record on the blockchain proving they control that wallet.

LedgerLens tests for  both methods and generates binder ready reports that auditors can use in their official audit documentation.

Why 2025 Was a Turning Point

2025 saw major developments in the crypto industry. The U.S. approved Bitcoin ETFs (investment funds), which brought major investment firms like BlackRock into cryptocurrency. Political support for crypto grew. Companies and even governments started considering Bitcoin as a reserve asset, similar to how countries hold gold.

Most importantly, the American Institute of CPAs (AICPA) released new guidelines for accounting standards related to digital assets. This means auditing cryptocurrency is becoming a recognized profession with official rules and procedures.

The result? Demand for auditors who understand cryptocurrency is exploding. Accounting firms that develop crypto auditing skills now will become industry leaders. But there aren’t enough trained auditors yet to meet demand. This creates huge opportunities for accounting firms willing to invest in learning these new skills.

Why This Matters for the Future

As crypto becomes more mainstream, proof of reserves will become the standard expectation, not just an option. Eventually, companies might verify reserves continuously rather than just once a month. Regulatory rules will get stricter, requiring better auditing practices. Real-world assets like real estate and stocks will increasingly be converted to digital form, requiring new auditing approaches.

LedgerLens is building the infrastructure to handle all these changes. We’re positioning ourselves as the platform auditors trust to verify digital assets accurately and efficiently.

Looking Ahead

2025 was just the beginning. LedgerLens is committed to expanding capabilities, improving efficiency, and helping accounting firms enter the digital asset auditing space. Our mission is clear: make auditing digital assets just as reliable and professional as auditing traditional businesses.

If you’re interested in crypto auditing and accounting software or want to learn how to audit cryptocurrency, LedgerLens offers comprehensive tools and resources. The future of finance is digital, transparent, and built on blockchain technology. Auditors and accounting professionals who prepare now will lead the industry.

Ready to get started? Visit ledgerlens.io to explore our crypto auditing and accounting software and discover how professional auditors are verifying digital assets.

LedgerLens Logo Logomark

Your app to future-proof your practice

Request a Demo

Nick Ward

Advisor of LedgerLens (TNF Tech & Services)

Nick is a CPA and quality control partner at The Network Firm, a Certified Public Accounting Firm domiciled in the US.

Nick is an advisory to the LedgerLens, and uses his experience as a Partner on crypto audits to influence the product roadmap for LedgerLens.

Nick was inspired to contribute to LedgerLens to provide auditors with the tools needed to navigate the unique challenges of crypto auditing, as he experienced the challenges of auditing crypto companies himself.

Nick holds certifications as a Certified Bitcoin Professional (CBP) and Certified Public Accountant (CPA) and is an active member of the Cryptocurrency Certification Consortium, Chamber of Digital Commerce, OSCPA, and AICPA.

Through LedgerLens, Nick continues to contribute to the advancement of transparent, reliable digital asset auditing.

Noah Buxton

CEO of LedgerLens (TNF Tech & Services)

Noah is the CEO of LedgerLens, a suite of crypto audit tools, with over 15 years of experience in audit, IT audit, and regulatory compliance, specializing in digital assets since 2016.

During his time as an IT auditor in public accounting, Noah tackled the challenges of auditing crypto companies—running nodes, extracting blockchain balances, and verifying customer ownership. While he developed solutions within a Top 20 accounting firm, he saw that most auditors lacked these resources, creating barriers to servicing the growing crypto industry.

This realization inspired Noah to create LedgerLens, empowering auditors with the tools needed to serve the crypto space effectively. Having worked with hundreds of digital asset clients, Noah uses his expertise to address key crypto auditing challenges.

Along with creating LedgerLens, Noah contributes to the future of the profession by serving on the AICPA’s Digital Assets Working Group and leading The Digital Chamber’s Accounting Taskforce.

Through LedgerLens, Noah continues to drive innovation and trust in digital asset assurance.