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Cryptio Raises $15M to Bring Crypto Infrastructure to Banks

In a significant boost for its mission to bridge the gap between traditional finance and the burgeoning world of cryptocurrencies, crypto accounting platform Cryptio has secured an additional $15 million in a Series A extension round. The funding, which brings the total raised in the round to an impressive $25 million, was led by existing investor Alven and saw participation from new backers 1kx and Ledger Cathay Capital.

The fresh infusion of capital comes at a pivotal moment for Cryptio as it seeks to capitalize on the growing interest from banks and financial institutions in offering digital asset services to their clients. With the recent repeal of the controversial SEC accounting rule SAB 121, which had placed onerous reporting requirements on companies holding crypto for customers, many observers predict a surge in TradFi firms entering the crypto space.

Powering the Future of Crypto Banking

Cryptio’s core offering is a suite of back-office infrastructure and operational tools designed to enable traditional financial entities to seamlessly integrate crypto assets into their product lineups. From stablecoin support to crypto-collateralized lending and yield-generating savings accounts, the startup aims to be the backbone powering the next wave of bank-led digital asset services.

“Our mission is to provide the pipes that connect the worlds of traditional finance and crypto in a compliant, secure, and scalable way. We want to make it as easy as possible for banks to plug into the crypto ecosystem and start offering these innovative products to their customers.”

Antoine Scalia, Founder & CEO of Cryptio

Navigating the Regulatory Landscape

One of the key challenges facing financial institutions looking to get into crypto has been the uncertain and often shifting regulatory environment. In the U.S., the SEC’s SAB 121 rule, which required companies to record customer crypto holdings as liabilities on their own balance sheets, had a chilling effect on banks’ crypto ambitions.

However, with the repeal of SAB 121 earlier this year, the stage appears set for a new influx of TradFi players. Cryptio believes its infrastructure solutions will be key in helping these firms navigate the compliance and operational complexities of offering crypto services at scale.

Riding the Institutional Adoption Wave

The $15 million cash injection comes as Cryptio has seen strong growth and increasing demand from institutional clients. The company plans to use the funds to further build out its product offerings, expand its team, and ramp up its business development efforts to onboard more TradFi customers.

  • Comprehensive digital asset infrastructure to support the full range of crypto services
  • Robust compliance and security frameworks to meet strict banking requirements
  • Scalable, API-driven architecture for seamless integration into existing banking systems

With major banks like JPMorgan, Goldman Sachs, and BNY Mellon all making moves into the digital asset space, the opportunity for crypto infrastructure providers like Cryptio is immense. As regulatory clarity improves and client demand grows, the startup is positioning itself to be a key enabler of the coming wave of institutional crypto adoption.

“We believe every major bank and financial institution will need to have a crypto strategy in place within the next few years. Cryptio will be there to help them execute on that vision in a compliant and secure manner.”

Antoine Scalia, Founder & CEO of Cryptio

As the lines between traditional finance and the crypto economy continue to blur, startups like Cryptio that can bridge the gap and provide the necessary infrastructure will play an increasingly critical role. With $15 million more in its war chest, Cryptio looks well-positioned to capitalize on the massive opportunity ahead in bringing crypto to the banking masses.