NODE40

NODE40 is an enterprise digital asset accounting and compliance platform that turns raw blockchain transaction history into audit-ready financial records, built for accounting firms, treasury teams, validators, and institutional operators who need to defend how a number was produced, not just produce it. Founded in Albany, New York in 2015, NODE40 began as one of the first staking infrastructure companies in cryptocurrency. Founders Perry Woodin (CEO) and Sean Ryan (CTO) encountered a problem while running staking nodes: invoicing clients in cryptocurrency created complex, undocumented tax obligations that existing tools could not accurately trace. They built an internal compliance tool to handle their own reporting, recognized the gap in the market, and pivoted the company entirely toward crypto accounting software. That origin story — starting from the validator side — directly shaped how deeply the platform later embedded itself in Solana infrastructure. The core design premise at NODE40 is that getting to a number is not the hard part — defending how that number was produced is. In a typical institutional audit or controller review, a spreadsheet export is insufficient. Reviewers need to trace reported figures back to on-chain evidence, understand the classification logic behind each entry, and confirm that transfers were distinguished from taxable events. NODE40 preserves transaction-level relationships throughout the accounting workflow so that reconciliation decisions remain traceable rather than reconstructed after the fact. NODE40's primary product is Bedrock, an enterprise blockchain accounting platform designed for institutional workflows. Bedrock handles multi-chain transaction aggregation, cost basis tracking at the tax-lot level using the IRS-approved SpecID method, and protocol-aware context applied to DeFi and staking activity that would otherwise appear as generic inflows or outflows. Additional capabilities include SOC 1-compliant audit trail creation — NODE40 claims to be the first consumer crypto tax platform to achieve SOC 1 audit accreditation — exchange integrations with Binance, Coinbase, and Kraken enabling reconciliation across both on-chain wallets and off-chain accounts, and support for more than 20 blockchains spanning Ethereum, Bitcoin, Polygon, Avalanche, BNB Chain, Cosmos, Arbitrum, Tron, and Solana. The platform also exposes a Balance API with authentication and cryptographic request signing, and supports Model Context Protocol server integration for programmatic access to accounting data. NODE40 has invested particularly deeply in Solana, addressing accounting edge cases that generic multi-chain tools miss. Solana transactions before approximately slot 38 million lack precise timestamps, which are needed for fair market value calculations; NODE40 has built methodology to fill that gap. The platform identifies Solana rent-exempt deposits as non-taxable reserve transfers rather than income. A single Solana transaction can contain multiple economically distinct events — staking rewards, MEV tips, and transaction fees bundled into one on-chain record — and NODE40 decompresses these into separately classified accounting entries. Staking rewards on Solana are distributed by epoch, but GAAP compliance requires accrual at the time of earning; NODE40 tracks both accrual timing and distribution date. SPL token program interactions that may or may not represent taxable events are classified accordingly. For Solana validators specifically, NODE40 separates income into four streams: commission on inflation rewards (approximately 146 transactions per year tied to epoch cadence), Jito MEV tips, transaction fees from block validation, and vote costs. The platform has processed nearly three-quarters of a billion transactions annually for a single high-volume validator while preserving audit-trail backing at the individual transaction level. The Solana Foundation selected NODE40 to provide reporting for its Delegation Program, a high-volume initiative involving hundreds of accounts and billions of SOL in delegated stake. Other documented Solana clients include Asymmetric Research and Orca.so. NODE40 reports having processed over one billion Solana transactions for audit and reporting purposes. NODE40 serves four primary customer categories: accounting firms that manage digital asset clients and need defensible work product for external audit; treasury teams at corporations, foundations, and funds that hold digital assets on the balance sheet; validators and staking operators on Solana and other networks who generate complex multi-stream revenue; and wealth management firms handling clients with diversified on-chain positions. The platform is positioned for teams that have outgrown spreadsheet-based workflows where manual reconciliation becomes untenable at volume. NODE40 occupies a distinct position in the Solana ecosystem as infrastructure for institutional and enterprise participants. As Solana has attracted more institutional capital, foundations, and professional validators, the need for accounting tooling that understands its specific mechanics — rent, epochs, compressed transactions, SPL tokens — has grown alongside it. The company's origin as a staking infrastructure provider gives it technical credibility with validators and protocol teams. Its Solana Foundation relationship and documented support for major ecosystem participants like Orca.so position it as a default consideration for any Solana organization facing external audit or institutional reporting requirements.