Cryptio

Cryptio operates in the rapidly growing market of cryptocurrency and blockchain technology. Its business model revolves around providing a platform that simplifies the complex task of managing digital assets. It imports complete and accurate transaction data to create auditable, GAAP-grade ledgers. This means it provides a standard of financial reporting that complies with Generally Accepted Accounting Principles (GAAP), making it easier for businesses to maintain transparency and meet regulatory requirements.

The platform also tracks and reconciles DeFi activity, including swaps, lending, borrowing, and liquidity margins. It automatically tracks realized and unrealized gains and losses with cost basis details and live market rates. Additionally, it tracks intangible impairments on digital assets and generates IRS & SEC-compliant reports. This means it helps businesses comply with tax and securities regulations.

Cryptio makes money by offering these services to businesses dealing with digital assets. Its clients include both crypto and non-crypto enterprises, indicating a broad market reach. The startup is backed by reputable investors, including the founding partner at Draper Associates, and upholds recognized best practices based on standards like OWASP and CIS Benchmark.