Nephos Group

Nephos Group was purpose-built for digital assets from the outset — the firm was founded in 2014 with crypto literacy as a core competency, and its specialist Myna arm (launched 2021) handles the most technically complex crypto accounting mandates. Unlike general accountants who have added crypto as an afterthought, Nephos has submitted formal responses to HMRC on stablecoin tax policy and built a dedicated proof-of-reserves attestation service for stablecoin issuers — a capability that very few accountancy firms globally can offer.

Yes — Nephos delivers attestation services specifically designed for stablecoin issuers, providing independent monthly verification that total token supply is backed 1:1 by reserve assets held in custody. The service blends traditional financial audit rigour with blockchain-native transparency, and is one of the few such offerings available from a UK-regulated accountancy firm. This is relevant for stablecoin issuers needing to demonstrate regulatory compliance or investor trust.

Yes — crypto fund administration is one of Nephos's specialist service lines, and the firm has taken on the fund administrator role for several crypto clients. This is a relatively rare offering: most traditional fund administrators lack the technical infrastructure and knowledge to handle on-chain assets, staking positions, DeFi protocol exposure, and real-time NAV calculations for crypto-native portfolios. Nephos's combination of digital asset expertise and accounting rigour positions it well for this mandate.

Yes — UK HMRC crypto tax compliance is a core focus for Nephos, and the firm has been actively engaged in UK crypto tax policy, including submitting a formal response to HMRC's consultation on stablecoin taxation. The firm advocates for stablecoins used as operational payment instruments to be taxed as such rather than as speculative assets — a distinction with significant practical implications for crypto businesses using stablecoins for treasury management and supplier payments.

Yes — Nephos Group has an active UAE presence and Joe David is known for launching the first crypto accounting firm in Dubai. The firm serves clients across the UK, UAE, and South Africa, making it well-suited for internationally mobile entrepreneurs and crypto businesses operating across both UK and UAE jurisdictions — a common structure for founders managing UK and MENA operations simultaneously.

Myna is Nephos's specialist crypto accountancy brand, launched in 2021 to serve blockchain projects and digital asset institutions with more complex requirements — including outsourced and fractional CFO services, forensic crypto accounting, and crypto compliance and bookkeeping. While Nephos Group serves the broader accounting and tax advisory mandate, Myna is the crypto-native delivery vehicle for clients who need deep technical accounting expertise in DeFi, NFTs, staking, and token treasury management.