For titles of FASB Accounting Standards Codification (ASC) references, see Deloitte’s “Titles of Topics and Subtopics in the FASB Accounting Standards Codification.”
Further, digital assets vary in complexity and may contain features that are not subject to the guidance in ASC 606. For example, certain digital assets may represent or include financial instruments that are subject to the guidance in ASC 815 or ASC 860. This publication does not address all features that may exist in an NFT and therefore does not discuss all accounting guidance that may apply.
If a company provides storage or custodial services for its customers’ NFTs, it should also consider the applicability of the guidance in SEC Staff Accounting Bulletin No. 121.
This publication does not address accounting considerations for companies that apply specialized industry guidance, such as that in ASC 940 or ASC 946.