KPMG Canada Continues Digital Asset Investments With First NFT Purchase

KPMG Canada Crypto

Bob Coiney

March 1, 2022

Over time, KPMG has been providing blockchain and digital assets-related services, such as strategic realization and operations integration to its clients. Dipping its toes in the crypto sector as far back as 2020 when the firm unveiled a blockchain-based Climate Accounting Infrastructure Solution. Believing in the long-term value of crypto assets, KPMG has been advising a lot of clients in terms of how they should be thinking about it and for the first time, KPMG Canada feels good putting her skin in the game.

Interoperability between KPMG and NFTs

Knowing the endless possibilities converging in the space with NFTs, the Managing Partner of KPMG Canada’s Advisory Services, Benjie Thomas, addressed the NFT purchase, stating that:

“NFTs unlock a new channel for organizations to engage with their customers while also underpinning innovation through the secure digitization of assets. This acquisition reflects our belief not only in the continued growth of NFTs but in the value of WoW and its mission. Having now gone through the process, we are well-positioned to guide our clients around building a corporate NFT strategy, including, acquiring, and safeguarding NFTs.”

KPMG Travels without Travails

With dauntless strides to keep at the top of its game as it balances the levers upon which it has amassed success after adding Bitcoin and Ethereum to its balance sheet, KPMG Canada has bought its first NFT from the World of Women (WoW) collection. Its purchase of the WoW NFT marks its first foray into this category of digital assets. Major organizations, companies, and business conglomerates have been getting on board with the NFT trend. The company had previously added Bitcoin and Ethereum to its investment holdings. Venturing into the world of NFTs seemed like a natural next step. 

Why the Women Community becomes its Sage

Over time, the World of Women community has shown its commitment to increasing representation and inclusivity by promoting equal opportunities for female artists in the Web3. The initiatives taken by this organization seek to empower more and more female artists to explore crypto and NFT opportunities, as it also runs several charitable initiatives that support global women’s issues and ecological causes. With 10,000 first editions, NFTs featuring diverse inspirational women, the signature WoW collection has become highly collectible in nature.

Regarding this remarkable stride made by KPMG, reckoning with the female world, KPMG’s Partner and National Risk Consulting Leader, Nancy Chase, addressed the lack of female representation in the crypto world, stating that by all accounts, women are underrepresented in the world of all things crypto, which makes the organization proud to make her first NFT acquisition in a collection that supports women. According to Nancy Chase, she further added that the organization hopes that its move to purchase the WoW NFT will draw more women into a sector that’s on the cusp of changing how it interacts with one another in the future.

What NFT Holds for the Future

With the combination of a crypto and NFT marketplace, modern investors would always afford the full range of investment risks and a diversified portfolio, having potential applications with endless possibilities with NFTs which they hold. Some claim ten years from now, all purchases will be accompanied by NFTs. Others think smart contracts will replace legal documents.