Cryptio Raises $45M As Tokenized Finance Drives Demand For Accounting
Cryptio secured $45M in Series B funding to meet the growing demand for accounting solutions for digital assets.Summary
Cryptio, a digital asset accounting platform, has raised $45 million in a Series B funding round led by BlackFin Capital Partners and Sentinel Global. The funding reflects increasing demand from financial institutions for tools to reconcile and report blockchain transactions. Cryptio serves over 400 enterprise clients, including Circle, Gemini, Securitize, and Société Générale’s SG-Forge, processing over $3 trillion in transaction volume. The company’s software translates blockchain data into standard accounting records for reporting, audits, and compliance. This growth is fueled by the rise of tokenized finance and institutional interest in tokenized assets, with the total value of tokenized real-world assets exceeding $26 billion. Major financial institutions like HSBC, BNP Paribas, and Goldman Sachs are also actively involved in tokenization initiatives, driving the need for robust accounting infrastructure.
(Source：Cointelegraph)