Working with Regen for just four weeks enabled Rounds to file their taxes 45 days early and completely error-free.
45 days
early filing completion (no extension required)
4 weeks
from data handover to full-year reconstruction
0
amendments or compliance follow-ups post-filing
“From the get-go to the end, every detail was covered. You took care of us in a very real way - your team is thoughtful, precise, and easy to work with.”
Seneca
Founder Rounds, Cofounder Nouns
Context
Rounds was a grant administration platform managing and distributing ecosystem funding across multiple chains.
As the team prepared to wind down operations, founder Seneca needed a fast, accurate close for 2024 — one that could handle multi-chain transactions, grant segregation, and tax filing with zero room for error.
“Taxes and accounting suck — especially in our world with tens of thousands of transactions. I could never do it myself.”
Seneca
Founder Rounds, Cofounder Nouns
Challenges
Multi-chain activity across Mainnet, Base, and Optimism.
Complex grant structure — funds to distribute vs funds to operate.
Ambiguity around FX treatment and valuation at reporting dates.
Manual record-keeping and limited visibility from existing infrastructure exports.
Tight turnaround to file without an extension.
Why Regen?
Seneca came to Regen through a trusted referral and immediately saw the difference in approach.
“After working with Regen I’ve already referred you to friends. You’re very professional and just get it — I didn’t have to explain everything or chase anything. You understood the details instantly.”
Seneca
Regen’s crypto-native accountants asked the right questions from day one, bringing precision and pace that removed the friction of explaining crypto context.
Solution/Delivery Highlights
Accounting & Tax Reconstruction
Regen rebuilt Rounds’ entire year from first principles — classifying thousands of transactions, separating grants-to-distribute from operating funds, and aligning fair-value and FX treatment with U.S. tax standards.
“I had some idea of where we were at, but nowhere near the clarity you delivered — you gave us the full picture.”
Seneca
Founder Rounds, Cofounder Nouns
Technical Review & Collaboration
“You guys took care of us in a very real way — from the beginning to the end, every detail was covered. Regen even reviewed every line with our tax team to make sure everyone was aligned, adapting to us instead of forcing a process.”
Seneca
Founder Rounds, Cofounder Nouns
Multi-Chain Traceability
Funds bridged across Mainnet, Base, and Optimism were traced wallet-to-wallet, ensuring every grant liability and operating expense aligned perfectly on the ledger.
Client-Centric Coordination
Regen flexed to Seneca’s preferred tools — moving between Slack, Telegram, and email — and batched queries into weekly check-ins to maintain clarity and momentum.
“You worked how we needed — adapting to us instead of forcing a process.”
Seneca
Founder Rounds, Cofounder Nouns
Before Vs After
Before Regen
After Regen
Partial records and manual tagging
Full transaction reconstruction and audit-ready package
Mixed grants and operating funds
Segregated and reconciled balance sheet
Ambiguous FX and valuation treatment
Verified approach approved by tax partner
High risk of deadline extension
Filing completed ≈45 days early
Limited cross-chain visibility
Clear, traceable reporting across chains
“Some friends had a horrible experience before with another accountant, but I told them, just talk to Regen — everything will go smoothly like it did with me.”
Seneca
Founder Rounds, Cofounder Nouns
Results
For Seneca, the experience was a shift from uncertainty to confidence. Regen turned a technically complex, deadline-driven project into a seamless close — complete, accurate, and early.
With the accounting rebuilt, tax positions validated, and all grants reconciled, Rounds closed its year with clarity — and without the stress of another extension.
Results By The Number
≈45 days ahead of the filing deadline.
≈4 weeks from data handover to file-ready reporting.
3 blockchains reconciled with consistent treatment.
Zero amendments or compliance follow-ups post-filing.
Final mapping of remaining grant liabilities for closure.
“Everywhere in life, not only in business, what I most look forward to is working with people who are professional and make sure it’s a win-win. I felt that with you guys.
Seneca
Founder Rounds, Cofounder Nouns
Regen brings crypto-native accounting clarity to the projects that power the ecosystem — delivering accurate, compliant financials at the speed founders need.
