Ledgible and Label introduced an integrated solution for automating reporting related to digital assets in accordance with the international CARF and DAC8 standards.
Ledgible, a developer of enterprise solutions for taxation, accounting, and reporting of digital assets, announced a partnership with Label, a provider of regulatory compliance software. The goal of the collaboration is to launch an automated tool designed to simplify compliance with regulatory disclosure requirements for crypto-assets for FinTech platforms, exchanges, custodians, and other financial institutions.
Specifically, the solution is intended to support compliance with the international Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development, as well as the requirements of the European Directive on Administrative Cooperation (DAC8). Compliance with these standards involves converting large volumes of on-chain data into standardized reports ready for review by regulators.
As part of the partnership, the Ledgible platform automatically uploads on-chain transaction data, normalizes and classifies it, and then generates records including tax liability calculations and preparation for compliance checks. Label, in turn, handles the reporting layer, including:
- management of client due diligence procedures;
- collection and validation of digital forms;
- data quality control, including verification of Tax Identification Numbers (TIN) and correct classification.
After the data is collected and processed, the system generates XML files in formats that comply with the requirements of specific jurisdictions. It also supports corrections, resubmission of reports, and regular bulk reporting within CARF and related reporting regimes.
According to Ledgible CEO Kell Canty, financial institutions need scalable infrastructure to meet new data disclosure obligations as regulation evolves. At the same time, effective digital asset reporting requires deep processing of on-chain data and a high level of accuracy when preparing regulatory information.
The companies expect that the new system will allow businesses operating with digital assets in regulated markets to reduce operational costs, improve data quality, and lower the risks associated with audits by tax and financial authorities.
In February 2026, the European Commission accused several EU member states of delayed and incomplete implementation of new tax transparency and information exchange rules for crypto-assets included in DAC8.
