Cryptio Raises $45 Million Series B Led by BlackFin Capital Partners and Sentinel Global
According to the report, Cryptio’s $45 million Series B reflects rising institutional demand for digital asset accounting software as banks and corporations expand crypto operations under changing U.S. accounting and custody rules.
Cryptio raised $45 million in a Series B round led by BlackFin Capital Partners and Sentinel Global, with existing investors 1kx, BlueYard Capital and Ledger Cathay Capital also participating. The digital asset accounting software company said the round closed about three weeks ago and did not disclose its valuation. Founded by Antoine Scalia, Cryptio now employs about 110 people and serves more than 450 clients, including Circle Internet and the blockchain subsidiary of Société Générale. The company said its platform helps firms track assets across wallets, custodians and exchanges, manage reconciliation and reporting, and support activities such as digital asset lending and tokenization. The funding comes as U.S. institutional crypto adoption accelerates alongside accounting and regulatory changes including the replacement of SEC SAB 121 with SAB 122 and new FASB fair-value reporting rules that took effect in 2025.
- Series B: A mid-stage private funding round typically used by a startup to expand operations, staffing, and product capabilities after earlier financing.
- SAB 122: A U.S. SEC staff accounting bulletin that replaced SAB 121, easing prior accounting treatment tied to banks’ custody of crypto assets.
- Tokenization: The process of representing assets or rights on a blockchain so they can be tracked, transferred, or settled digitally.