Crypto accounting firm Cryptio raises $45 million in Series B funding round

Cryptio, a developer of accounting software for digital assets, announced it raised $45 million in a Series B funding round. The round, which closed about three weeks prior to the report, was led by BlackFin Capital Partners and Sentinel Global, with participation from existing investors including 1kx, BlueYard Capital, and Ledger Cathay Capital. Cryptio's platform helps financial institutions and corporations track digital assets across various storage locations, manage crypto loans, and generate necessary accounting records and financial reports. The company, founded eight years ago, now serves over 450 clients, including Circle Internet and Société Générale's blockchain subsidiary. This growth occurs amid an expanding market for crypto accounting tools and regulatory shifts, such as the Financial Accounting Standards Board rules requiring companies to report crypto assets at fair value starting in 2025.

(Source：CoinDesk)