Area of Focus
Innovation Blockchain Digital assets
Office Location
Chicago, IL

Jay Schulman

Principal, National Leader of Blockchain and Digital Assets
Area of Focus
Innovation Blockchain Digital assets
Office Location
Chicago, IL

About Jay

Jay Schulman a principal with RSM US LLP,  is also the national leader of the blockchain and digital assets practice. Bringing together all RSM services—audit, tax and consulting—Jay leads the firm’s capability in addressing enterprise blockchain technology and the adoption of digital assets such as bitcoin.


Experience

With 20 years of experience in information security and technology innovation, Jay helps clients think through how to adopt blockchain and digital assets, build within the confines of the U.S. regulatory environment, and mitigate risks through operational security and proper implementation of technology.

Jay’s experience includes assessing the implementation of a new cryptocurrency at one of the world’s largest futures and options exchanges, including evaluating the people, processes, code, security and organizational risk. He has also assisted a number of financial institutions in meeting Bank Secrecy Act and anti-money laundering requirements when accepting or transmitting cryptocurrencies. Jay has advised a multibillion-dollar investment entity on the creation of a stablecoin, providing guidance on security as well as regulatory compliance and market fit. He also advised one of the world’s largest cryptocurrency exchanges on stablecoin creation, addressing regulatory compliance, technology requirements and banking processes. Additionally, Jay has helped companies bring nonfungible tokens to market in a compliant manner.

Jay sits on the auditing and accounting subgroups of the Digital Assets Working Group of the American Institute of Certified Public Accountants, and chairs the Proof of Reserves Working Group.

When not teaching colleagues the nuances of digital assets and blockchain, Jay is teaching his three daughters that when you’re not on a Zoom call, you can still be working.


Professional affiliations and designations

  • AICPA Digital Assets Working Group, auditing and accounting subgroups
  • AICPA Proof of Reserves Working Group, chair
  • Accounting Blockchain Coalition, board member 

Education

  • Bachelor of Science, University of Illinois Urbana-Champaign
Area of Focus
Innovation Blockchain Digital assets
Office Location
Chicago, IL