Today, Nephos launches MYNA, a dedicated blockchain and cryptocurrency advisory business to support the ever-growing number of businesses and individuals trading in the currency across the UK.
MYNA will see a dedicated team of experts offer advisory and compliance services to forward thinking businesses accepting the currency as payment, as well as individual investors.
The MYNA team will also support a number of cryptocurrency platforms on their journey of growth as more people switch to using the payment method and currencies like bitcoin becomes more mainstream.
“As a self-professed technology geek and avid follower of this sector, I am beyond excited to be able to create MYNA, a business that will focus solely on this area,” said Joe David, managing director. “While the world of cryptocurrency is new for the majority of people, my team and I have been quietly building our knowledge and expertise in this sector for the last few years.
“As part of this, we have been working alongside a small number of crypto and blockchain businesses behind the scenes, not only helping shape their business but ultimately shaping the market in the UK. Now, with cryptocurrency starting to move from the tech pages into the mainstream business and finance news pages, the case for cementing our knowledge into a market leading service is more compelling than ever,” continued Joe.
Over the last 18 months, Nephos has been trialling cryptocurrency payments from a small number of clients. With the launch of MYNA, this facility will be extended to all of the firm’s clients, as well as advising clients on how they can accept the currency as payment as well.
One business that has already benefitted from the expertise of the MYNA team is leading cryptocurrency platform DeversiFi. “The MYNA team has been with us every step of the way,” said Ross Middleton, co-founder. “Crypto-native projects are by definition complex beasts but the MYNA team has been instrumental in DeversiFi's growth, allowing us to concentrate on product delivery instead of back-office.”
The launch of MYNA builds on Nephos’ burgeoning reputation as one of the most technology-driven accountancy practices in the country. Known as an early adopter of cutting-edge fintech products into the accountancy industry, Joe and his team are often called upon to share their knowledge and expertise with accountants across Europe.
“We’re already working with some high-level businesses in the crypto space and we will be announcing two further high-profile partnerships in the next few days. As the demand grows for access to blockchain and cryptocurrency accountancy expertise like ours, we can only see growth in what is a very exciting area,” concluded Joe.