The Crypto Valley Association (CVA) has announced that KPMG Switzerland, a leading provider of audit, tax and advisory services, is joining the CVA as its first Strategic Partner.

With this, the CVA also revealed that it is forming a new Tax, Accounting and Structuring Working Group as well as a Cyber Security Working Group. Both of these working groups will be chaired by KPMG.

“We are delighted to welcome KPMG as a Strategic Partner. Tokenization is adding whole new dimensions to taxation and accounting, and developments in these areas will be of crucial interest to our members and startups going forward. As one of the world’s leading firms in tax, accounting and structuring, as well as the associated cyber risks, KPMG has the perspective and expertise to provide useful insight and support,” Oliver Bussmann, President of the Crypto Valley Association, said.

“Our new Strategic Partners will help us build a more solid foundation. The financial assistance and expertise of our sponsors will allow us to professionalize our setup and provide our members with increased services and support. Sponsorships will also help us keep the cost of membership for individuals and startups affordable.”

According to the official release, KPMG Switzerland is spearheading digital transformation. Its Initial Coin Offering (ICO) and blockchain specialists already operate from the heart of Zug’s Crypto Valley, where they effectively help credible blockchain and cryptocurrency start-ups navigate the ICO process, structuring and compliance in Switzerland and abroad.

“Blockchain technology is set to revolutionize many aspects of business, industry and society. We are proud to actively contribute to the success of digital Switzerland through a strategic partnership with the CVA,” Frank Lampert, Tax Partner, responsible for KPMG’s blockchain and crypto business, said.

KPMG has been increasingly making efforts to join various initiatives focused on blockchain technology. Last month, KPMG in Canada joined the Blockchain Research Institute program, and more recently, the firm joined the Wall Street Blockchain Alliance as a corporate member.