Executive Summary

Our partnership with Cryptio connects our wallet infrastructure with an independent accounting data layer, helping institutions reconcile digital asset activity and prepare financial reports.

The live integration imports Utila vault, wallet, and transaction data into Cryptio through our API, supporting a connected workflow for finance teams while keeping wallet operations and accounting review separate.

Connecting Wallet Activity With the Books

Finance teams working with digital assets need a complete picture of their on-chain activity. 

However, obtaining complete and accurate data suitable for accounting and financial reporting from across blockchains, exchanges, custodians and wallet providers is a very complex task. 

While block explorers provide access to on-chain transaction data, institutions need an additional layer of data enrichment, validation and reconciliation to establish a complete, trustworthy financial record. Cryptio’s independent data layer provides this unified view across all activity within Utila-managed wallets and external transactions, bringing fragmented financial data together into a single, reconciled and audit-ready source of truth.

Without this infrastructure, managing millions of transactions through spreadsheets becomes an increasingly complex, time-consuming and error-prone process, particularly during month-end close. By automating data ingestion, enrichment and reconciliation at scale, Cryptio transforms this traditionally manual and unscalable workflow into a streamlined, reliable financial reporting process.

Our partnership with Cryptio bridges the gap between wallet operations and financial reporting. Institutions can manage their assets and transaction approvals in Utila, while transaction data flows seamlessly into Cryptio for automated reconciliation, accounting and audit-ready financial reporting.

What Is Cryptio?

Cryptio is a digital asset accounting, reconciliation, and reporting platform for institutional finance teams. It brings together activity across blockchains, custodians,  exchanges, DeFi, internal systems and fiat transactions to support consistent accounting records.

Its accounting tools support GAAP and IFRS reporting workflows, including transaction classification, cost basis and realized & unrealized gains and loss calculations,  and other financial reporting. Its NetSuite integration connects the crypto subledger with the general ledger, helping finance teams incorporate digital asset activity into their existing ERP processes.

Cryptio also provides independent reconciliation, comparing transaction and balance data across sources and supporting the investigation of differences. This gives finance teams a dedicated environment for reviewing the records behind their financial reports.

How Our Partnership Works

The integration connects our wallet infrastructure with Cryptio’s accounting data layer through the Utila API, giving institutions a direct data flow between asset operations and finance.

1. Wallet activity enters Cryptio through our API. Cryptio imports Utila vaults, wallets, and transactions, bringing the relevant operational data into its platform for accounting and reconciliation.

2. Balances and transactions are checked against onchain data. Cryptio reconciles the balances and movements recorded in Utila against blockchain records. Finance teams can use that comparison to investigate differences and support their review of digital asset holdings.

3. Reconciled activity supports reporting. The resulting data feeds Cryptio’s accounting and audit workflows, with ERP reporting and NetSuite connectivity supporting the next stage of the finance process.

Our role remains the secure management and movement of digital assets. Cryptio provides the independent accounting layer that helps finance teams verify and report on that activity. The integration connects those responsibilities through a shared data flow.

Independent Accounting Supports Internal Controls

Separating wallet operations and accounting gives institutions a clear division of responsibilities. The team authorizing asset movements operates within Utila’s transaction controls, while finance reviews the resulting activity through Cryptio’s reconciliation and reporting tools.

That separation supports audit integrity by allowing wallet records to be checked against onchain evidence through an independent platform. It also helps institutions organize their operating model around the distinct responsibilities of treasury, finance, and audit reviewers.

This fits our modular approach to digital asset infrastructure. Institutions can use our wallets and governance controls alongside specialist accounting software, with a direct integration connecting the two.

Supporting Banks, Stablecoins, Exchanges, Asset Managers, Payments and More

Our partnership is relevant to CFOs and finance operations teams that need digital asset activity reflected in their financial records, as well as treasury teams responsible for the underlying holdings and transfers.

Banks

Banks entering digital assets need the same level of operational control, financial oversight and auditability they apply to traditional financial services. Utila provides institutional-grade wallet infrastructure with segregation of duties, maker-checker approval workflows and role-based access controls, while Cryptio independently reconciles digital asset balances and transactions against on-chain records. Together, they help banks integrate digital asset operations into existing accounting, treasury and financial reporting workflows, with the controls and transparency required by regulated institutions.

Stablecoin issuers

Stablecoin issuers must maintain accurate records of token issuance, redemption, circulation and underlying reserves. Utila enables secure management of minting, burning and treasury operations, while Cryptio independently reconciles token movements and supply across wallets and blockchain networks. Together, they provide the financial data and audit trails needed to support reserve reconciliation, regulatory reporting and transparency over stablecoin liabilities.

Exchanges and brokers

Exchanges and brokers manage high volumes of deposits, withdrawals, settlements and transfers across multiple wallets and trading venues. Utila provides secure, controlled infrastructure for managing these movements, while Cryptio independently reconciles transaction activity across wallets, blockchains and external systems. This reduces manual reconciliation, improves visibility over asset balances and supports accurate accounting and financial reporting at scale.

Asset managers

For asset managers, maintaining accurate records of digital asset holdings and portfolio movements is essential for fund accounting, valuations and investor reporting. Utila enables secure management of digital asset wallets and transactions, while Cryptio reconciles holdings and activity across custodians, exchanges and on-chain sources. Together, they provide the reliable financial data needed to support portfolio valuations, NAV calculations and audit-ready fund reporting.

Payment service providers

Payment providers processing high volumes of stablecoin payments need to accurately track incoming funds, outgoing payments, settlements and treasury movements. Utila enables secure, automated payment operations through API-driven wallet infrastructure and transaction approval controls, while Cryptio consolidates and independently reconciles the resulting activity against on-chain and financial records. Together, they reduce manual reconciliation, streamline financial operations and support accurate reporting as payment volumes scale.

Connect Your Operations and Accounting

Our live Cryptio integration gives institutions a connected workflow for those requirements.

Request a demo to see how Utila and Cryptio can connect your wallet operations with reconciliation, month-end close, and ERP reporting.