TLDR
- Digital asset accounting platform Cryptio completed a $45 million Series B round with BlackFin Capital Partners and Sentinel Global as lead investors
- The Paris-founded company now supports more than 450 institutional clients, including Circle Internet and Société Générale’s blockchain division
- Banks are transitioning from exploratory discussions to active procurement processes for crypto infrastructure
- Recent regulatory updates, particularly SAB 122 replacing SAB 121, have removed significant obstacles for traditional financial institutions
- Market validation came in January when Fireblocks paid $130 million to acquire rival platform TRES Finance
A digital asset accounting software provider has successfully closed a $45 million Series B investment round. Cryptio announced the funding, which saw leadership from BlackFin Capital Partners and Sentinel Global, alongside participation from returning backers 1kx, BlueYard Capital, and Ledger Cathay Capital.
The platform provides comprehensive solutions for financial institutions managing digital assets across multiple platforms including wallets, custody services, and trading venues. Additional capabilities include tracking cryptocurrency lending activities and consolidating information for general ledger entries and regulatory reporting.
Crypto completed the financing approximately three weeks prior to the announcement. The company declined to reveal its post-money valuation.
Antoine Scalia launched the business eight years ago following his graduation from a Paris business school. Initially focused on cryptocurrency-native startups and emerging companies, the organization has since expanded to approximately 110 employees.
The customer base has surpassed 450 organizations. Notable clients include the major stablecoin provider Circle Internet and the distributed ledger technology arm of France’s Société Générale banking group.
According to Scalia, discussions with traditional banks and payment processors that previously remained in preliminary stages are now advancing to structured vendor selection procedures. “We started to see what we’ve been promised since day one — that the institutions are coming,” he told CoinDesk.
Regulatory Changes Open the Door for Banks
Updated regulatory frameworks have simplified the pathway for traditional banks to custody and account for cryptocurrency holdings. The Securities and Exchange Commission’s replacement of SAB 121 with SAB 122 represented a meaningful relaxation of custody requirements.
Revised Financial Accounting Standards Board regulations implemented in 2025 mandate fair value reporting for digital asset holdings. These modifications have systematically dismantled compliance hurdles that previously discouraged institutional participation.
The Trump administration has advanced pro-crypto policy initiatives across the federal government. The administration’s cybersecurity framework explicitly includes provisions to “support the security” of digital currencies and distributed ledger technologies.
Crypto has broadened its product suite beyond basic accounting to encompass reconciliation tools, digital asset lending management, and tokenization operational workflows. Scalia noted that industry-wide standards remain under development.
This capital raise follows a $15 million Series A extension the company finalized in January of the previous year.
A Growing Market for Crypto Accounting Tools
The digital asset accounting infrastructure sector continues to draw substantial investment activity. Fireblocks demonstrated market strength in January by acquiring competitor TRES Finance in a $130 million transaction.
Jeremy Kranz, managing partner at Sentinel Global, highlighted Cryptio’s success in establishing relationships with major financial institutions and demonstrating seamless integration with legacy accounting infrastructure.
The funding round strengthens Cryptio’s competitive positioning as traditional financial institutions and multinational corporations accelerate their digital asset integration strategies.
