Cryptio

Cryptio is an accounting and compliance platform focused on digital asset activity. It pulls transaction records from blockchains, wallets, exchanges, and custodians and turns them into accounting-ready data. The platform also links digital asset activity with accounting software, so finance teams can keep crypto transactions within their existing accounting processes. 

What Is Cryptio Best For? 

It is best for data Ingestion and normalization. Finance teams dealing with digital assets can use this feature to bring transaction data from blockchains, exchanges, custodians, and DeFi protocols into one format. Since each source records activity differently, Cryptio converts the incoming data into a standardized structure before it reaches the accounting process. That means transactions from an exchange API can be reviewed alongside activity pulled directly from a blockchain without handling each source separately. 

How Much Does Cryptio Cost?  

Plans for Cryptio are estimated to begin at $449/month. Its plans can be customized to meet the diverse requirements of different organizations. 

Other than the subscription fee, your total Cryptio cost may vary based on the services and features you need: 

• Audit And Compliance Support: $3,000–$20,000 per year for external audit prep or advisory work during close periods 
• Multi-Entity Expansion: $1,000–$6,000 per additional business unit or subsidiary added beyond the base contract 
• Implementation: $2,000–$15,000 one-time for setup, entity configuration, and wallet or exchange onboarding 
• Accounting System Integration: $1,000–$8,000 to map crypto data into Xero, QuickBooks, Sage, or SAP charts of accounts 
• Staff Training And Onboarding: $1,500–$5,000 one-time to ramp finance teams on crypto-specific processes like DeFi and staking 
• Transaction Volume Overages: $200–$2,500 per month once transaction counts exceed the contracted plan tier 

Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary. 

Cryptio Integrations 

Cryptio software integrates with various popular applications, such as: 

• NetSuite
• Xero Accounting Solution
• QuickBooks
• SAP
• Dynamics365

How To Use Cryptio 

Log in to the platform and follow the steps below: 

• Start by adding company details, entities, the chart of accounts, and the accounting method used 
• Connect wallets, exchanges, and custodians so transaction data flows into Cryptio 
• Bring over existing customer, vendor, and counterparty records or enter them manually 
• Create labeling rules to sort transactions into categories such as staking rewards, payroll, and trading 
• Add invoices to the related transactions and follow their status until they are settled 
• Tag the counterparties linked to each transaction for easier recordkeeping 
• Use the dashboard to check account balances, flagged transactions, and open items 
• Export reports for audits, regulatory filings, or internal accounting needs

Who Is Cryptio For? 

Cryptio software is suitable for businesses of all sizes across differing industries and sectors, including: 

• Banks 
• Exchanges and brokers 
• Stablecoins issuers 
• Token issuers 
• Asset managers 
• Fintechs and payments

Cryptio Use Cases 

Looking at what Cryptio offers today, there are a few business scenarios where its capabilities line up particularly well: 

1. Crypto-Native Businesses Reconciling High-Volume Daily Transactions 

For crypto exchanges and companies operating DeFi protocols, Cryptio pulls transaction data from wallets, exchanges, and custodians into a single reconciled ledger. The platform automatically tags and categorizes activity, tracks cost basis, and calculates gains and losses, so teams do not have to enter transactions line by line. It is especially useful for corporations that process thousands of transactions a day, where hand-reconciling would otherwise take days each month. 

2. Audit And Accounting Firms Verifying Client Digital Asset Records 

Before signing off on financial statements, audit and accounting firms can use Cryptio to check that a client's crypto holdings are complete and accurate. The platform gives firms a structured way to verify transaction records instead of relying on a spreadsheet the client put together. It can be a good fit for firms serving multiple crypto-holding clients that need a repeatable, defensible way to verify each client's records. 

3. Banks And Financial Institutions Managing Digital Asset Holdings Across Multiple Business Units 

For banks and financial institutions with several business lines or subsidiaries, Cryptio provides a way to monitor digital asset balances across each unit from one system. Users can view holdings broken out by business line while still combining the numbers into one company-wide report. The approach becomes more useful as companies expand into new chains or add business units, since spreadsheet tracking can quickly become unreliable. 

4. Businesses Adding Crypto To An Existing Accounting Setup 

When a business adds crypto to its balance sheet, Cryptio can connect that activity to the general accounting software its teams already use. Teams can then push reconciled entries straight into the account structure already used in their books, rather than re-entering crypto activity manually. This works well for organizations that want crypto handled within established finance processes rather than as a separate workaround. 

Is Cryptio Right For You? 

Cryptio is a good fit for businesses that need dedicated accounting infrastructure for digital assets. Its infrastructure is audited by PwC under SOC 1 and SOC 2, Type I and Type II. Type I assesses whether controls are designed correctly at a specific point in time, while Type II assesses whether those controls operate effectively over a period of time. 

It also suits businesses that hold an MTL or issue stablecoins under the GENIUS Act's monthly reserve attestation requirements. Cryptio can run reconciliation checks daily or continuously rather than monthly, giving finance teams more frequent data for reserve reporting and related attestations. 

Still not sure if Cryptio is right for you? Get in touch with us at (661) 384-7070, and we will guide you to a confident decision.