Cryptio, a developer of accounting software for digital assets, has raised $45 million in a Series B funding round led by BlackFin Capital Partners and Sentinel Global, with participation from existing investors 1kx, BlueYard Capital and Ledger Cathay Capital. The round closed about three weeks ago; the company’s valuation was not disclosed.
Founded eight years ago by Antoine Scalia after business school in Paris, Cryptio initially served startups and smaller crypto firms. Now it targets large financial institutions. “We started to see what we’ve been promised since day one — that the institutions are coming,” Scalia told CoinDesk. Conversations with banks that were once exploratory have turned into formal procurement processes.
Platform Tracks Assets and Supports Lending
Cryptio’s platform helps companies monitor digital assets across wallets, custodians and exchanges, manage crypto loans, and oversee tokenized assets. It organizes data for accounting and financial reporting. As more banks enter digital assets, the company has expanded its software to handle workflows around reconciliation, lending and tokenization. “The standards are being built and designed right now,” Scalia said.
Client Base and Competitive Landscape
Cryptio employs about 110 people and serves more than 450 clients, including stablecoin issuer Circle and the blockchain subsidiary of French bank Société Générale. In January, crypto infrastructure firm Fireblocks bought competing platform TRES Finance for $130 million. Sentinel Global managing partner Jeremy Kranz noted that Cryptio gained traction by working closely with large institutions and explaining how the system integrates with existing accounting processes.
Regulatory Tailwinds Boost Demand
The fundraising comes amid accelerated U.S. corporate crypto adoption and supportive policies under the Trump administration, which vowed to “support the security” of cryptocurrencies and blockchain. Regulatory changes have also lowered barriers: the SEC replaced SAB 121 with SAB 122, easing custody rules for banks, while FASB rules effective 2025 require fair-value reporting of crypto assets. These shifts create a stronger need for Cryptio’s accounting tools.