Articles from Formidium

CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) -- Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd. This strategic acquisition aims to strengthen Formidium’s corporate services portfolio by integrating Praxonomy’s flagship cloud-based board management solution, Boardlogic.

CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- A pioneer in accounting and tax reporting solutions for digital assets, Formidium Corp, based in Chicago, Illinois has launched its portal CryptoTax360.io. It’s an extensive platform designed to simplify digital asset and cryptocurrency tax reporting. With its powerful automated tools, seamless integrations, and robust reporting, CryptoTax360.io makes capital gain/loss calculations and tax forms preparation quick and effortless for crypto traders, enthusiasts, and industry professionals.

CHICAGO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Formidium, a leader in fund administration solutions and technology is thrilled to announce its relocation to a new office space at 3025 Highland Pkwy Suite 330, Downers Grove, IL 60515, marking the culmination of an exceptional year in 2024. The move reflects the company’s robust growth, strategic advancements, and its commitment to providing world-class services to clients worldwide.

CHICAGO, June 13, 2024 (GLOBE NEWSWIRE) -- Formidium launches “Crypto Backoffice™” - An integrated Web3 platform for crypto market participants. The platform revolutionizes the tracking and accounting for digital assets for independent traders, asset managers, investors, corporates, outsourced CFOs, fund administrators, accounting firms, and more. Crypto Backoffice™ automates general ledger accounting, tax reporting, compliance along with Investor onboarding and KYC/AML for crypto participants. In addition, the platform facilitates the listing of fund/strategies to enhance access to market, technology, and service for crypto participants.

CHICAGO, April 24, 2024 (GLOBE NEWSWIRE) -- Alts Marketplace, a division of Formidium Corp, is pleased to announce significant advancements in the realm of alternative investments. Positioned as a pioneering force in this evolving landscape, Alts Marketplace continues to shape the future of investment opportunities.

CHICAGO, March 13, 2024 (GLOBE NEWSWIRE) -- Chicago based Formidium, a leading global fintech-backed fund administration firm, is thrilled to announce its corporate sponsorship of Chicago Fire FC, starting with the current 2024 season.

Global fund services & technology company Formidium Corp. aims to boost its growth and revenues.

DOWNERS GROVE, Ill., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Formidium, a global leader in providing third-party fund services and back-office technology solutions, has launched Razor State Consulting (“Razor State”). Razor State addresses back-office pain points by providing businesses with financial accounting and operations support. Razor State’s services fall broadly under two categories: accounting and services for fund management companies (“ManCo Services”), and corporate accounting and services for pre-IPO growth companies. Razor State leverages Formidium’s general ledger accounting system, along with a highly qualified global workforce, to streamline client operations while maintaining the highest level of service quality and cost-effectiveness.

DOWNERS GROVE, Ill., Jan. 24, 2023 (GLOBE NEWSWIRE) -- The tax services group at Formidium, a global leader in providing third-party fund administration and back-office technology solutions announces SPV Tax, a new full-featured U.S. tax returns preparation and e-filing professional service suite for Special Purpose Vehicles (SPVs). SPVs are often used as a way to isolate and compartmentalize investment assets. SPV Tax provides a unified, seamless, and end-to-end platform for U.S. federal and state tax return preparations and filings for small business owners, investors, or anyone wanting to manage their finances more efficiently and effectively.

DOWNERS GROVE, Ill., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Crypto Fund Tax, a full suite of tax services, including tax allocations, reporting, and filings for funds invested in digital assets, is now available from Formidium, a global leader in providing third-party fund administration and back-office technology solutions. Crypto Fund Tax is the ideal solution for managers and funds worldwide that manage digital asset, hedge, or venture funds, that invest in cryptocurrency, DeFi, blockchain, mining, staking, NFTs, tokens, private equity, venture investments, and real estate in the digital assets space. Crypto Fund Tax provides comprehensive tax services across the entity's entire lifecycle for U.S. Funds/Entities and Non-U.S. Funds/Entities filing US returns.