Woori Fund Services

Systems

Virtual Asset Corporate Accounting System

An integrated solution that databases virtual asset transaction data from corporate members of Virtual Asset Service Providers (VASPs), provides accounting and tax processing along with supporting documents such as transaction and
Balance Certificate, and automatically processes daily corporate accounting closings every day.

System Overview
  • 01

    Virtual Asset Service
    Provider (VASP)

  • 02

    Corporate Member

Digital Asset Business Accounting
Solution (DABAS)
  • Virtual Asset Management
  • First-In, First-Out (FIFO) Method Accounting
  • Virtual Asset Accounting
  • Calculation of Acquisition Cost
  • Inventory and Intangible Asset Valuation
  • Fund Price / NAV per Unit and Closing
  • Overseas Virtual Asset Accounting
  • Multi-stage Data Validation

  • Corporate Members of Virtual Asset Service Providers (VASPs)

    Transaction Certificate
    Balance Certificate
    Detailed Transaction Statement, etc.

  • VASP Data for the National Tax Service (NTS)

    Virtual Asset Transaction Statement
    Virtual Asset Transaction Summary Report

Technical Process
  • 01

    Exchange/VASP Integration

  • 02

    Transaction Data Collection

  • 03

    Automated Classification and Analysis

  • 04

    Automated Accounting Processing

  • 05

    Generation of Tax Data

  • 06

    Reports and Management

Patent Technology Overview

The present invention relates to a technology for automating accounting and tax management tasks occurring during the process of virtual asset transactions and holdings, providing a solution that enhances the accuracy and efficiency of accounting and tax processing by automatically collecting and analyzing virtual asset-related data.

Patent Certificate Information (Comprising Title of Invention, Patent Registration Number, Registration Date, Application Number, Application Date, and Patentee)
Title of Invention Virtual Asset Accounting Method and System Thereof
Patent Registration Number 10-2730372
Registration Date 2024.10.04
Application Number 10-2023-0014818
Application Date 2023.02.03
Patentee Woori Fund Services Co., Ltd