Cryptio Raises $45M as Banks and Crypto Firms Drive Demand for Digital Asset Accounting Tools

TLDR

• Cryptio raised $45 million in Series B funding led by BlackFin Capital Partners and Sentinel Global
• The crypto accounting software firm serves over 450 clients including Circle Internet and Société Générale’s blockchain subsidiary
• Institutional demand is accelerating as banks move from exploratory talks to formal procurement
• Regulatory changes, including the replacement of SAB 121 with SAB 122, have lowered barriers for banks holding crypto
• Competitor TRES Finance was acquired by Fireblocks for $130 million in January, showing strong market appetite

Cryptio, a crypto accounting software company, has raised $45 million in a Series B funding round. The round was led by BlackFin Capital Partners and Sentinel Global, with existing investors 1kx, BlueYard Capital, and Ledger Cathay Capital also taking part.

The company builds software that helps financial institutions track digital assets across wallets, custodians, and exchanges. It also handles crypto loans and organizes data for accounting records and financial reports.

The round closed about three weeks ago. Cryptio’s valuation was not disclosed.

Founded eight years ago by Antoine Scalia after graduating from business school in Paris, Cryptio started out serving crypto startups and smaller companies. The firm now employs around 110 people.

Its client list has grown to more than 450 companies. Those clients include stablecoin issuer Circle Internet and the blockchain subsidiary of French bank Société Générale.

Regulatory Changes Open the Door for Banks

Recent rule changes have made it easier for banks to hold and report crypto assets. Regulators replaced the SEC’s SAB 121 guidance with SAB 122, easing custody rules for banks.

New Financial Accounting Standards Board rules that took effect in 2025 now require companies to report crypto assets at fair value. These changes have directly lowered the barriers that kept many financial institutions on the sidelines.

The Trump administration has also pushed policies to support the crypto industry in the U.S. Its cyber strategy includes a commitment to “support the security” of cryptocurrencies and blockchain technology.

Cryptio has expanded its platform to cover accounting, reconciliation, digital asset lending, and tokenization workflows. Scalia said standards in this space are still being built.

This funding follows a $15 million Series A extension Cryptio closed in January last year.

A Growing Market for Crypto Accounting Tools

The market for crypto accounting infrastructure is attracting serious capital. In January, Fireblocks acquired competing platform TRES Finance for $130 million.

Sentinel Global managing partner Jeremy Kranz said Cryptio has gained traction by working closely with large financial institutions and showing how its software fits into their existing accounting systems.

The latest raise puts Cryptio in a stronger position as more banks and corporations move to adopt digital assets at scale.

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