diff --git a/apps/frontend/pages/accounting.tsx b/apps/frontend/pages/accounting.tsx
index 3fadd1db..70b69996 100644
--- a/apps/frontend/pages/accounting.tsx
+++ b/apps/frontend/pages/accounting.tsx
@@ -1,3 +1,4 @@
+/* eslint-disable simple-import-sort/imports */
 import {
   Button,
   Flex,
@@ -9,6 +10,7 @@ import {
   Tabs,
 } from '@raidguild/design-system';
 import {
+  useAccountingV3,
   useAccountingV2,
   useFormattedData,
   useMemberList,
@@ -35,6 +37,7 @@ export const Accounting = () => {
   } = useAccountingV2({
     token,
   });
+  const { data: dataFromMolochV3 } = useAccountingV3();
   const { data: memberData } = useMemberList({
     token,
     limit: 1000,
diff --git a/libs/dm-hooks/src/useAccountingV3.ts b/libs/dm-hooks/src/useAccountingV3.ts
index ff5f2d2d..9a2dd52b 100644
--- a/libs/dm-hooks/src/useAccountingV3.ts
+++ b/libs/dm-hooks/src/useAccountingV3.ts
@@ -1,12 +1,49 @@
-import { useState } from 'react';
+import { useEffect, useState } from 'react';
+import { getAddress } from 'viem';
+
+const API_URL = 'https://safe-transaction-gnosis-chain.safe.global/api/v1';
+
+const transformTokenBalances = (tokenBalanceRes, safeAddress: string) => {
+  const fiatTotal = tokenBalanceRes.reduce(
+    (sum: number, balance) => sum + Number(balance.fiatBalance),
+    0
+  );
+  return { safeAddress, tokenBalances: tokenBalanceRes, fiatTotal };
+};
+
+const listTokenBalances = async (safeAddress: string) => {
+  try {
+    const res = await fetch(`${API_URL}/safes/${safeAddress}/balances/usd/`);
+    const data = await res.json();
+    return { data: transformTokenBalances(data, safeAddress) };
+  } catch (err) {
+    return { error: 'Error fetching token balances. Please try again.' };
+  }
+};
 
-// this is a dummy hook
 const useAccountingV3 = () => {
   const [data, setData] = useState(null);
   const [loading, setLoading] = useState(true);
   const [error, setError] = useState(null);
 
-  return { data: null, loading: false, error: null };
+  useEffect(() => {
+    const fetchData = async () => {
+      const checksum = getAddress('0x181ebdb03cb4b54f4020622f1b0eacd67a8c63ac');
+      const response = await listTokenBalances(checksum);
+
+      if (response.error) {
+        setError(response.error);
+      } else {
+        setData(response.data);
+      }
+
+      setLoading(false);
+    };
+
+    fetchData();
+  }, []);
+
+  return { data, loading, error };
 };
 
 export default useAccountingV3;