Cryptio, the enterprise accounting software company for digital assets, has raised $45 million in a Series B round as regulated financial institutions increase their exposure to stablecoins and tokenised securities.
The round was co-led by BlackFin Capital Partners, the European financial services investor with more than €4 billion ($4.7 billion) under management, and Sentinel Global, with existing backers 1kx, Alven, BlueYard Capital and Ledger Cathay Capital also participating.
The raise follows a $10 million Series A in 2022, a $15 million extension of that round in 2025 and a $1.2 million seed in 2021.
Cryptio's platform pulls in transaction data from blockchains, exchanges, custodians and brokerages and converts it into audit-ready records, supporting review procedures carried out by Deloitte, EY, KPMG and PwC.
Its client base includes banks, exchanges and asset managers, among them Société Générale's digital assets arm SG Forge, stablecoin issuer Circle, crypto exchange Gemini and tokenisation platform Securitize.
The company says its software is used by more than 400 enterprises across 30 countries and has processed more than $3 trillion in cumulative transaction volume.
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The new capital will go toward building out Loan Management and Treasury Management applications, expanding the platform beyond its core accounting and audit functions.
"This funding enables us to broaden our expansion and serve these regulated institutions with new applications like Loan Management and Treasury Management," said Antoine Scalia, Cryptio's founder and chief executive.
The recap
- Cryptio raises $45 million in a Series B funding round
- Platform has processed more than $3 trillion in transactions
- Firm will develop Loan Management and Treasury Management applications
