Cryptio
About Cryptio
Provides enterprise-grade accounting and tax software for digital assets, automating GAAP and IFRS compliant reporting through blockchain data reconciliation and internal controls. This platform ensures auditable financial records by integrating with wallets, exchanges, and custodians to track, categorize, and reconcile on-chain activities with internal systems, enabling businesses to meet regulatory requirements and streamline audit processes.
```xml <problem> Enterprises handling digital assets face challenges in maintaining accurate and auditable financial records due to the complexity of blockchain data and evolving regulatory requirements. Traditional accounting methods are often inadequate for tracking on-chain activities, reconciling crypto balances, and ensuring compliance with GAAP and IFRS standards. This can lead to inaccuracies in financial reporting, increased audit risks, and difficulties in meeting regulatory obligations. </problem> <solution> Cryptio provides an enterprise-grade accounting and tax platform designed specifically for digital assets, automating GAAP and IFRS-compliant reporting. The platform integrates with various blockchain networks, exchanges, custodians, and internal systems to track, categorize, and reconcile on-chain activities. By ensuring data integrity and implementing internal controls, Cryptio enables businesses to transform complex digital asset data into auditable financial records for accounting, treasury, and tax filings. This allows organizations to streamline audit processes, comply with regulatory requirements, and gain better visibility into their digital asset holdings. </solution> <features> - Automated data ingestion from blockchains, exchanges, custodians, and internal systems - Transaction categorization according to a customizable general ledger and chart of accounts - Cost-basis computation, trial balances, and asset roll-forward reports for GAAP and IFRS compliance - Support for tracking and reconciling DeFi activity, including swaps, lending, borrowing, and liquidity margins - Realized and unrealized gains and losses tracking with cost basis details and live market rates - Intangible impairment tracking on digital assets with IRS & SEC-compliant reports - Integration with existing accounting tools like Xero, QuickBooks, and NetSuite - SOC 1 and SOC 2 Type 1 & 2 certified with a Big Four-approved internal control framework - Data integrity checks for transaction completeness and accuracy - Valuation accuracy and controls using the principal market - Complete audit trail with permissions and segregation of manual data </features> <target_audience> Cryptio primarily serves financial institutions, corporations, and crypto-native companies, including banks, exchanges, wallets, DeFi enterprises, on/off ramps, storage providers, miners, NFT marketplaces, gaming companies, public sector entities, stablecoins, and blockchain foundations. </target_audience> <revenue_model> While specific pricing details are not available, Cryptio likely operates on a subscription-based model, potentially with tiered pricing based on transaction volume, number of integrations, or specific features required. </revenue_model> ```
What does Cryptio do?
Provides enterprise-grade accounting and tax software for digital assets, automating GAAP and IFRS compliant reporting through blockchain data reconciliation and internal controls. This platform ensures auditable financial records by integrating with wallets, exchanges, and custodians to track, categorize, and reconcile on-chain activities with internal systems, enabling businesses to meet regulatory requirements and streamline audit processes.
Where is Cryptio located?
Cryptio is based in Paris, France.
When was Cryptio founded?
Cryptio was founded in 2018.
How much funding has Cryptio raised?
Cryptio has raised $24.5M.
- Location
- Paris, France
- Founded
- 2018
- Funding
- $24.5M
- Employees
- 89 employees
- Investors
- Pointnine1414 VenturesBlueYard Capital