Even as financial institutions continue to expand their involvement in the crypto industry, Cryptio, a company developing accounting software for digital assets, has raised $45 million in its initial round.
The investment came through a Series B funding round led by Blackfin Capital Partners and Sentinel Global. Existing investors, including 1kx, BlueYard Capital and Ledger Cathay Capital, also participated in the round. The company did not disclose its valuation.
Cryptio’s platform helps businesses in tracking their cryptocurrency holdings across wallets, exchanges and custodians. It also allows firms to manage digital asset loans and organise blockchain transaction data so that it can be used for financial reporting and accounting purposes.
Antoine Scalia, after graduating from business school in Paris, founded this company eight years ago. In its early days, the platform mainly served crypto startups and smaller blockchain companies.
However, the situation has changed drastically as banks and large financial institutions have started entering the digital asset market. According to Scalia, discussions that once remained exploratory are now turning into full procurement processes with major financial firms.
This growing institutional interest has influenced Cryptio’s product development. The company is expanding its software tools to support reconciliation processes, digital asset lending and tokenisation activities.
Today, Cryptio serves more than 450 clients. Its employee strength is around 110 people. Its customers include stablecoin issuer Circle and the blockchain division of French banking giant Société Générale.
The funding highlights the growing demand for infrastructure that helps institutions manage crypto assets in a compliant and transparent way.
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