Cryptio, an accounting provider for digital asset businesses, has raised $45mn to expand its operations into loan and treasury management.
Crypto Accounting Firm Cryptio Raises $45mn to Push Into Treasury, Loan Management
The Series B funding round was co-led by BlackFin Capital Partners and Sentinel Global. Additional investors included 1kx, Ledger Cathay Capital, Alven and BlueYard Capital.
According to corporate statements, Cryptio has processed over $3tn in transaction volume for clients such as Circle, Gemini, Securitize and SG Forge. The firm also notes its reconciliation processes have been approved by Deloitte, EY, KPMG and PwC.
This minor capital injection highlights the ongoing need for basic bookkeeping infrastructure as traditional finance slowly integrates decentralized assets.