The Canadian arm of the global tax and auditing firm said it had added the two cryptocurrencies to its corporate treasury, along with carbon offsets to satisfy its ESG commitments. The company declined to specify the value of its investment. (The Logic)

Talking point: The disclosure might appeal to crypto traders looking for tax advice ahead of this year’s filing deadline: in the press release announcing the investment, KPMG in Canada said it had recently built up its expertise in DeFi, NFTs and the metaverse. “KPMG in Canada is bullish on cryptoassets,” partner Kareem Sadek told The Logic in an email. A growing number of mainstream brands have been adding crypto to their balance sheets and using social media to seek crypto street cred, wishing their followers a “gm” and changing their Twitter profile pictures to NFTs. Budweiser, for example, spent roughly US$95,000 in Ether to register the Ethereum Name Service domain beer.eth last year. As of Monday afternoon, the domain kpmg.eth was still available for roughly US$90,000.