Cryptio, a developer of accounting software for digital assets, raised $45 million in a Series B funding round as financial institutions and corporations expand their use of blockchain-based assets.
The round closed about three weeks ago and was led by BlackFin Capital Partners and Sentinel Global. Existing investors 1kx, BlueYard Capital and Ledger Cathay Capital also participated, Fortune reported, citing an announcement from the company. The company’s valuation was not disclosed.
Cryptio’s platform helps businesses track the digital assets they own and where those assets are stored in wallets, custodians, and exchanges. In January last year, the company raised $15 million in an extension of its Series A funding round from mid-2022.
The software also helps businesses manage crypto loans and monitor other blockchain-based assets. The system organizes this data so that companies can produce accounting records and financial reports.
Cryptio was founded eight years ago by Antoine Scalia, after graduating from Paris business school. The first customers were startups and smaller crypto companies.
The company now employs about 110 people and serves more than 450 customers. Those clients include stablecoin issuer Circle Internet (CRCL) and the blockchain subsidiary of French bank Société Générale (GLE).
Cryptio operates in a growing market for crypto accounting tools. In January, crypto infrastructure company Fireblocks acquired competing platform TRES Finance for $130 million.
Jeremy Kranz, managing partner at Sentinel Global, said Cryptio has gained traction by working closely with large financial institutions and explaining how its system integrates with their existing accounting processes.
The fundraising comes as American corporate adoption of the crypto space has accelerated, with the Trump administration pushing policies aimed at strengthening the industry in the US. Its cyber strategy has promised to “support the security” of cryptocurrencies and blockchain.
Regulatory and accounting changes have also reduced barriers for institutions. Regulators replaced the SEC’s SAB 121 guidance with SAB 122, easing custody rules for banks, while new Financial Accounting Standards Board rules that went into effect in 2025 require companies to report crypto assets at fair value.
