---
title: Cryptio and Utila connect institutional wallet operations with independent accounting and reconciliation
description: Discover how Cryptio and Utila enhance institutional wallet operations by integrating independent accounting and reconciliation for streamlined financial workflows.
image: https://blog.cryptio.co/hubfs/Cryptio%20Utila%20Blog.jpg
---

[![Cryptio logo](https://blog.cryptio.co/hubfs/raw_assets/public/Cryptio_October2021/images/logo-black.svg "Cryptio logo")](https://cryptio.co/)

- Solutions

  ![accounting-firms-green-bordered.b2040145-3](https://blog.cryptio.co/hubfs/accounting-firms-green-bordered.b2040145-3.svg)

  ##### [Accounting and Tax](https://cryptio.co/solutions/accounting-tax)
  
  [Automate GAAP & IFRS compliant reporting](https://cryptio.co/solutions/accounting-tax)

  ![internal-controls-green-bordered.eaefa46d-1](https://blog.cryptio.co/hubfs/internal-controls-green-bordered.eaefa46d-1.svg)

  ##### [Internal controls](https://cryptio.co/solutions/internal-controls)
  
  [Ensure completeness and accuracy of crypto data to an auditable standard](https://cryptio.co/solutions/internal-controls)

  ![Nav bar icons\_Blockchain Foundations](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Blockchain%20Foundations.svg)

  ##### [Reconciliation](https://cryptio.co/solutions/reconciliation)
  
  [Reconcile crypto balances and transactions with internal systems](https://cryptio.co/solutions/reconciliation)

  [![build-vs-buy-guide.64b11d10-1](https://blog.cryptio.co/hubfs/build-vs-buy-guide.64b11d10-1.svg)](https://landing.cryptio.co/build_vs_buy)
  
  ##### [Build your back-office](https://landing.cryptio.co/build_vs_buy)
  
  Learn why leading enterprises choose to buy   
  rather than build their own back-office solutions
  
  [Download guide](https://landing.cryptio.co/build_vs_buy)
- Use cases

    - <https://cryptio.co/use-cases/banks> *![banks-exchanges-green-bordered.349e49cf-1](https://blog.cryptio.co/hubfs/banks-exchanges-green-bordered.349e49cf-1.svg)*
      
      ###### Banks
      
      Enterprise back-office with internal controls to ensure accurate reporting
    - <https://cryptio.co/use-cases/exchanges-brokers> *![Nav bar icons\_CeFi](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_CeFi.svg)*
      
      ###### Exchanges & Brokers
      
      Get audit-ready and reconcile on-chain activities with internal systems
    - <https://cryptio.co/use-cases/stablecoins> *![Nav bar icons\_Stablecoins](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Stablecoins.svg)*
      
      ###### Stablecoins
      
      Auditable on-chain tracking for institutional grade reporting
    - <https://cryptio.co/use-cases/wallet> *![Nav bar icons\_Wallet](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Wallet.svg)*
      
      ###### Wallets
      
      Track and report on cross-chain revenue and expenses
    - <https://cryptio.co/use-cases/defi-enterprise> *![Nav bar icons\_DeFi](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_DeFi.svg)*
      
      ###### DeFi Enterprise
      
      Transform on-chain DeFi activity into auditable financial statements
    - <https://cryptio.co/use-cases/on-off-ramps> *![Nav bar icons\_On & Off Ramp](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_On%20%26%20Off%20Ramp.svg)*
      
      ###### On & Off Ramps
      
      Reconcile crypto order fulfillment for auditable financial statements
    - <https://cryptio.co/use-cases/storage-providers> *![Nav bar icons\_Storage Provider](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Storage%20Provider.svg)*
      
      ###### Storage Providers
      
      Automated accounting for storage provision revenue and expenses
    - <https://cryptio.co/use-cases/bitcoin-miners> *![Nav bar icons\_Miners](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Miners.svg)*
      
      ###### Miners
      
      GAAP and IFRS-grade financial reporting including impairments
    - <https://cryptio.co/use-cases/exchange-traded-crypto> *![Nav bar icons\_Exchanges](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Exchanges.svg)*
      
      ###### Exchange Traded Crypto
      
      Auditable accounting and NAV reporting for on-chain activities
    - <https://cryptio.co/use-cases/nft-marketplaces> *![Nav bar icons\_NFT\_marketplaces](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_NFT_marketplaces.svg)*
      
      ###### NFT Marketplaces
      
      Transform on-chain NFT activities into auditable financial statements
    - <https://cryptio.co/use-cases/nft-enterprises> *![Nav bar icons\_NFT\_Enterprises](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_NFT_Enterprises.svg)*
      
      ###### Enterprise NFTs
      
      Auditable revenue reporting for branded NFT activities inc. royalties
    - <https://cryptio.co/use-cases/gaming> *![Nav bar icons\_Videogame](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Videogame.svg)*
      
      ###### Gaming
      
      Transform on-chain activities into auditable financial statements
    - <https://cryptio.co/use-cases/public-sectors> *![public-sectors-green-bordered.b77716e2](https://blog.cryptio.co/hubfs/public-sectors-green-bordered.b77716e2.svg)*
      
      ###### Public Sectors
      
      Verify financial statements and tax filing accuracy for digital asset
    - <https://cryptio.co/use-cases/blockchain-foundations> *![Nav bar icons\_Blockchain Foundations](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Blockchain%20Foundations.svg)*
      
      ###### Blockchain Foundations
      
      Help your ecosystem meet its accounting and reporting requirements
    - <https://cryptio.co/partners> *![accounting-firms-green-bordered.b2040145-2](https://blog.cryptio.co/hubfs/accounting-firms-green-bordered.b2040145-2.svg)*
      
      ###### Accounting Firms
      
      Join 50+ world-class accounting, audit, tax, and advisory firms
- [Partners](https://cryptio.co/partners)
- Learn

  ##### [Blog](https://blog.cryptio.co/)
  
  [Company news, product updates, guides, and industry insights](https://blog.cryptio.co/)

  ##### [Courses](https://cryptio.co/learn)
  
  [Everything you've ever wanted to know about crypto accounting](https://cryptio.co/learn)

  [![stablecoin-reporting-nav.d2d366b0](https://blog.cryptio.co/hubfs/stablecoin-reporting-nav.d2d366b0.svg)](https://landing.cryptio.co/stablecoin-accounting-guide)
  
  ##### [Stablecoin Reporting](https://landing.cryptio.co/stablecoin-accounting-guide)
  
  Best practices for stablecoin accounting & reporting
  
  [Download guide](https://landing.cryptio.co/stablecoin-accounting-guide)

  [![fair-market-value-accounting-nav.2bb55e56](https://blog.cryptio.co/hubfs/fair-market-value-accounting-nav.2bb55e56.svg)](https://landing.cryptio.co/fmv-accounting-guide)
  
  ##### [Fair Market Value Accounting](https://landing.cryptio.co/fmv-accounting-guide)
  
  Transition to the newFASB FMV rules
  
  [Download guide](https://landing.cryptio.co/fmv-accounting-guide)

  [![month-end-reconciliation-nav.9eb360bc](https://blog.cryptio.co/hubfs/month-end-reconciliation-nav.9eb360bc.svg)](https://landing.cryptio.co/guides/end-of-month-reconciliation)
  
  ##### [Month-end reconciliation](https://landing.cryptio.co/guides/end-of-month-reconciliation)
  
  Best practices for your month-end processes
  
  [Download guide](https://landing.cryptio.co/guides/end-of-month-reconciliation)

  [![how-to-get-audit-ready-nav.a0fbb70b](https://blog.cryptio.co/hubfs/how-to-get-audit-ready-nav.a0fbb70b.svg)](https://landing.cryptio.co/guides/how-to-get-audit-ready)
  
  ##### [Get audit-ready](https://landing.cryptio.co/guides/how-to-get-audit-ready)
  
  Completeness & accuracyfor on-chain businesses.
  
  [Download guide](https://landing.cryptio.co/guides/how-to-get-audit-ready)

  [![build-your-back-office-nav.7bffac50](https://blog.cryptio.co/hubfs/build-your-back-office-nav.7bffac50.svg)](https://landing.cryptio.co/guides/back-office-playbook)
  
  ##### [Build your back-office](https://landing.cryptio.co/guides/back-office-playbook)
  
  Accounting & reportingfor crypto-native businesses
  
  [Download guide](https://landing.cryptio.co/guides/back-office-playbook)
- [Pricing](https://cryptio.co/pricing)
- [Careers](https://cryptio.co/careers)

[![Sign in](https://no-cache.hubspot.com/cta/default/20275766/989fa2da-65dc-4b42-96c1-3d9abcc57425.png)](https://cta-redirect.hubspot.com/cta/redirect/20275766/989fa2da-65dc-4b42-96c1-3d9abcc57425)

[![Book a demo](https://no-cache.hubspot.com/cta/default/20275766/7f093aaf-1bd4-4545-97c6-c5ac040f256c.png)](https://cta-redirect.hubspot.com/cta/redirect/20275766/7f093aaf-1bd4-4545-97c6-c5ac040f256c)

![Menu](https://blog.cryptio.co/hubfs/raw_assets/public/Cryptio_October2021/images/hamburger_menu.svg) ![Menu](https://blog.cryptio.co/hubfs/raw_assets/public/Cryptio_October2021/images/cross.svg)

## Menu

- Solutions

  ![accounting-firms-green-bordered.b2040145-3](https://blog.cryptio.co/hubfs/accounting-firms-green-bordered.b2040145-3.svg)

  ##### [Accounting and Tax](https://cryptio.co/solutions/accounting-tax)
  
  [Automate GAAP & IFRS compliant reporting](https://cryptio.co/solutions/accounting-tax)

  ![internal-controls-green-bordered.eaefa46d-1](https://blog.cryptio.co/hubfs/internal-controls-green-bordered.eaefa46d-1.svg)

  ##### [Internal controls](https://cryptio.co/solutions/internal-controls)
  
  [Ensure completeness and accuracy of crypto data to an auditable standard](https://cryptio.co/solutions/internal-controls)

  ![Nav bar icons\_Blockchain Foundations](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Blockchain%20Foundations.svg)

  ##### [Reconciliation](https://cryptio.co/solutions/reconciliation)
  
  [Reconcile crypto balances and transactions with internal systems](https://cryptio.co/solutions/reconciliation)

  [![build-vs-buy-guide.64b11d10-1](https://blog.cryptio.co/hubfs/build-vs-buy-guide.64b11d10-1.svg)](https://landing.cryptio.co/build_vs_buy)
  
  ##### [Build your back-office](https://landing.cryptio.co/build_vs_buy)
  
  Learn why leading enterprises choose to buy   
  rather than build their own back-office solutions
  
  [Download guide](https://landing.cryptio.co/build_vs_buy)
- Use cases

    - <https://cryptio.co/use-cases/banks> *![banks-exchanges-green-bordered.349e49cf-1](https://blog.cryptio.co/hubfs/banks-exchanges-green-bordered.349e49cf-1.svg)*
      
      ###### Banks
      
      Enterprise back-office with internal controls to ensure accurate reporting
    - <https://cryptio.co/use-cases/exchanges-brokers> *![Nav bar icons\_CeFi](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_CeFi.svg)*
      
      ###### Exchanges & Brokers
      
      Get audit-ready and reconcile on-chain activities with internal systems
    - <https://cryptio.co/use-cases/stablecoins> *![Nav bar icons\_Stablecoins](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Stablecoins.svg)*
      
      ###### Stablecoins
      
      Auditable on-chain tracking for institutional grade reporting
    - <https://cryptio.co/use-cases/wallet> *![Nav bar icons\_Wallet](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Wallet.svg)*
      
      ###### Wallets
      
      Track and report on cross-chain revenue and expenses
    - <https://cryptio.co/use-cases/defi-enterprise> *![Nav bar icons\_DeFi](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_DeFi.svg)*
      
      ###### DeFi Enterprise
      
      Transform on-chain DeFi activity into auditable financial statements
    - <https://cryptio.co/use-cases/on-off-ramps> *![Nav bar icons\_On & Off Ramp](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_On%20%26%20Off%20Ramp.svg)*
      
      ###### On & Off Ramps
      
      Reconcile crypto order fulfillment for auditable financial statements
    - <https://cryptio.co/use-cases/storage-providers> *![Nav bar icons\_Storage Provider](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Storage%20Provider.svg)*
      
      ###### Storage Providers
      
      Automated accounting for storage provision revenue and expenses
    - <https://cryptio.co/use-cases/bitcoin-miners> *![Nav bar icons\_Miners](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Miners.svg)*
      
      ###### Miners
      
      GAAP and IFRS-grade financial reporting including impairments
    - <https://cryptio.co/use-cases/exchange-traded-crypto> *![Nav bar icons\_Exchanges](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Exchanges.svg)*
      
      ###### Exchange Traded Crypto
      
      Auditable accounting and NAV reporting for on-chain activities
    - <https://cryptio.co/use-cases/nft-marketplaces> *![Nav bar icons\_NFT\_marketplaces](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_NFT_marketplaces.svg)*
      
      ###### NFT Marketplaces
      
      Transform on-chain NFT activities into auditable financial statements
    - <https://cryptio.co/use-cases/nft-enterprises> *![Nav bar icons\_NFT\_Enterprises](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_NFT_Enterprises.svg)*
      
      ###### Enterprise NFTs
      
      Auditable revenue reporting for branded NFT activities inc. royalties
    - <https://cryptio.co/use-cases/gaming> *![Nav bar icons\_Videogame](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Videogame.svg)*
      
      ###### Gaming
      
      Transform on-chain activities into auditable financial statements
    - <https://cryptio.co/use-cases/public-sectors> *![public-sectors-green-bordered.b77716e2](https://blog.cryptio.co/hubfs/public-sectors-green-bordered.b77716e2.svg)*
      
      ###### Public Sectors
      
      Verify financial statements and tax filing accuracy for digital asset
    - <https://cryptio.co/use-cases/blockchain-foundations> *![Nav bar icons\_Blockchain Foundations](https://blog.cryptio.co/hubfs/Nav%20bar%20icons_Blockchain%20Foundations.svg)*
      
      ###### Blockchain Foundations
      
      Help your ecosystem meet its accounting and reporting requirements
    - <https://cryptio.co/partners> *![accounting-firms-green-bordered.b2040145-2](https://blog.cryptio.co/hubfs/accounting-firms-green-bordered.b2040145-2.svg)*
      
      ###### Accounting Firms
      
      Join 50+ world-class accounting, audit, tax, and advisory firms
- [Partners](https://cryptio.co/partners)
- Learn

  ##### [Blog](https://blog.cryptio.co/)
  
  [Company news, product updates, guides, and industry insights](https://blog.cryptio.co/)

  ##### [Courses](https://cryptio.co/learn)
  
  [Everything you've ever wanted to know about crypto accounting](https://cryptio.co/learn)

  [![stablecoin-reporting-nav.d2d366b0](https://blog.cryptio.co/hubfs/stablecoin-reporting-nav.d2d366b0.svg)](https://landing.cryptio.co/stablecoin-accounting-guide)
  
  ##### [Stablecoin Reporting](https://landing.cryptio.co/stablecoin-accounting-guide)
  
  Best practices for stablecoin accounting & reporting
  
  [Download guide](https://landing.cryptio.co/stablecoin-accounting-guide)

  [![fair-market-value-accounting-nav.2bb55e56](https://blog.cryptio.co/hubfs/fair-market-value-accounting-nav.2bb55e56.svg)](https://landing.cryptio.co/fmv-accounting-guide)
  
  ##### [Fair Market Value Accounting](https://landing.cryptio.co/fmv-accounting-guide)
  
  Transition to the newFASB FMV rules
  
  [Download guide](https://landing.cryptio.co/fmv-accounting-guide)

  [![month-end-reconciliation-nav.9eb360bc](https://blog.cryptio.co/hubfs/month-end-reconciliation-nav.9eb360bc.svg)](https://landing.cryptio.co/guides/end-of-month-reconciliation)
  
  ##### [Month-end reconciliation](https://landing.cryptio.co/guides/end-of-month-reconciliation)
  
  Best practices for your month-end processes
  
  [Download guide](https://landing.cryptio.co/guides/end-of-month-reconciliation)

  [![how-to-get-audit-ready-nav.a0fbb70b](https://blog.cryptio.co/hubfs/how-to-get-audit-ready-nav.a0fbb70b.svg)](https://landing.cryptio.co/guides/how-to-get-audit-ready)
  
  ##### [Get audit-ready](https://landing.cryptio.co/guides/how-to-get-audit-ready)
  
  Completeness & accuracyfor on-chain businesses.
  
  [Download guide](https://landing.cryptio.co/guides/how-to-get-audit-ready)

  [![build-your-back-office-nav.7bffac50](https://blog.cryptio.co/hubfs/build-your-back-office-nav.7bffac50.svg)](https://landing.cryptio.co/guides/back-office-playbook)
  
  ##### [Build your back-office](https://landing.cryptio.co/guides/back-office-playbook)
  
  Accounting & reportingfor crypto-native businesses
  
  [Download guide](https://landing.cryptio.co/guides/back-office-playbook)
- [Pricing](https://cryptio.co/pricing)
- [Careers](https://cryptio.co/careers)

[![Sign in](https://no-cache.hubspot.com/cta/default/20275766/989fa2da-65dc-4b42-96c1-3d9abcc57425.png)](https://cta-redirect.hubspot.com/cta/redirect/20275766/989fa2da-65dc-4b42-96c1-3d9abcc57425)

[![Book a demo](https://no-cache.hubspot.com/cta/default/20275766/7f093aaf-1bd4-4545-97c6-c5ac040f256c.png)](https://cta-redirect.hubspot.com/cta/redirect/20275766/7f093aaf-1bd4-4545-97c6-c5ac040f256c)

- ![LinkedIn](https://blog.cryptio.co/hubfs/LinkedIn.svg)
- ![Twitter](https://blog.cryptio.co/hubfs/Twitter.svg)

![](https://blog.cryptio.co/hubfs/Cryptio%20Utila%20Blog.jpg)

**[Greg Bland](https://blog.cryptio.co/author/greg-bland) |** October 28, 2026

- [Partnership](https://blog.cryptio.co/tag/partnership)

## Cryptio and Utila connect institutional wallet operations with independent accounting and reconciliation

## Cryptio and Utila connect institutional wallet operations with independent accounting and reconciliation

**Our live integration with Utila connects institutional wallet activity with Cryptio's independent reconciliation and accounting platform, helping institutions automate financial operations, strengthen financial controls and streamline audit preparation.**

Securely holding and moving digital assets is one responsibility. Independently reconciling the resulting balances and transactions, and accounting for that activity, is another.

For financial institutions, separating these responsibilities supports stronger financial controls, allowing finance teams to verify wallet records against independently sourced on-chain data while maintaining clear segregation of duties.

Our new integration with[Utila](https://utila.io/) brings these complementary capabilities together, connecting institutional wallet infrastructure with Cryptio's independent accounting and reconciliation platform.

The result is a more streamlined path from digital asset transactions to reliable financial records, enabling finance teams to automate complex accounting workflows, reduce manual reconciliation and prepare for financial close and audit with greater confidence.

## **Bridging the gap between wallet operations and financial reporting**

Institutions operating with digital assets need a complete, accurate picture of their holdings and transaction activity across blockchains, wallets, custodians, exchanges, DeFi protocols, internal financial systems and fiat records.

Yet obtaining data suitable for accounting and financial reporting from these fragmented sources remains a complex challenge.

While blockchain explorers provide visibility into on-chain transactions, raw transaction data alone lacks much of the context, classification and reconciliation required for institutional accounting. Complex smart-contract interactions and DeFi activity can be particularly difficult to interpret, creating risks of incomplete or incorrectly classified transaction records.

Matching activity across on-chain and off-chain systems presents further challenges. Transactions may lack consistent identifiers across platforms, while differences in timestamps, data formats, decimal precision and fee treatment can create reconciliation discrepancies even where the underlying activity is correct.

Finance teams therefore need to establish not only what happened on-chain, but how those movements relate to internal records, asset balances and financial reporting obligations.

At scale, this can mean processing millions of transactions across multiple systems. Without dedicated infrastructure, managing these records through spreadsheets becomes increasingly time-consuming, error-prone and difficult to scale, particularly during month-end close.

Cryptio addresses these challenges through an independent financial data layer that consolidates, enriches and reconciles on- and off-chain activity, transforming fragmented transactional data into structured, audit-ready accounting records.

By connecting directly with Utila, institutions can bring their wallet operations into this automated financial workflow without relying on manual data exports or spreadsheet-based reconciliation.

## **Introducing Utila: institutional digital asset wallet infrastructure**

Utila provides institutional-grade digital asset wallet infrastructure, enabling financial institutions and digital asset businesses to securely manage holdings, transactions and treasury operations.

Its platform combines MPC-based wallet security with granular governance controls, including segregation of duties, role-based permissions and multi-step transaction approvals. API-driven infrastructure also enables institutions to automate transfers, payments and other digital asset operations at scale.

These capabilities complement Cryptio's independent reconciliation, accounting and reporting infrastructure, connecting the secure management of digital assets with the financial workflows required to account for them.

## **How the Cryptio × Utila integration works**

Our live integration connects Utila's wallet infrastructure with Cryptio's financial data platform through the Utila API. Institutions can access the integration through Utila or connect their data directly through Cryptio's application and APIs, bringing wallet operations and financial reporting into a connected workflow.

### **1. Wallet activity flows directly into Cryptio**

Cryptio imports Utila vault, wallet and transaction data, automatically bringing relevant operational records into its accounting and reconciliation platform.

For institutions operating across multiple providers, Cryptio can also consolidate data from other wallets, custodians, exchanges, blockchains, DeFi protocols, internal financial systems and fiat sources through its application, APIs and supported integrations.

This provides finance teams with a unified view of digital asset activity across their operations.

### **2. Balances and transactions are independently reconciled**

Cryptio independently sources blockchain data and compares it against wallet balances and transaction records imported from Utila, rather than simply relying on the operational records generated by the wallet infrastructure itself.

This enables finance teams to identify discrepancies, investigate reconciliation breaks and validate the completeness and accuracy of their records against an independent source of on-chain evidence.

### **3. Reconciled activity feeds automated accounting and reporting**

Once reconciled, transaction data flows into Cryptio's accounting workflows, supporting transaction classification, cost basis calculations, realised and unrealised gains and losses, and the preparation of financial records under GAAP and IFRS.

Cryptio's subledger and ERP integrations, including[NetSuite](https://www.cryptio.co/solutions/netsuite), connect digital asset activity with institutions' existing general ledgers and financial reporting systems.

Together, these capabilities replace complex manual processes with scalable, automated workflows that support faster month-end closes, more reliable accounting records and streamlined audit preparation.

## **Independent verification and stronger financial controls**

The integration provides two complementary benefits for institutional financial oversight: independent verification of wallet activity and clear segregation of duties between asset operations and financial reporting.

**Independent verification** means that finance teams are not solely reliant on the balances and transaction records produced by their wallet infrastructure. Cryptio provides a separate financial data platform that checks those records against independently sourced blockchain data, helping identify discrepancies and providing an additional layer of assurance over recorded holdings and movements.

This independence is particularly valuable for audit preparation, enabling institutions to substantiate financial records using evidence obtained separately from the infrastructure responsible for executing transactions.

**Segregation of duties** provides a further layer of financial control. Treasury and operations teams can manage assets, authorise movements and enforce transaction policies within Utila, while finance teams review, reconcile and account for the resulting activity within Cryptio.

Together, these capabilities support clearer accountability, stronger internal controls and greater confidence in financial records, while allowing institutions to combine specialist wallet infrastructure with independent accounting and reporting systems.

## **Supporting banks, stablecoin issuers, exchanges, asset managers and payment providers**

The integration supports institutions with different operational requirements but a common need for accurate, independently reconciled digital-asset data.

### **Banks**

Banks entering digital assets need robust operational controls, reliable financial records and seamless integration with their existing financial systems. Utila provides institutional-grade wallet security, transaction governance and approval workflows, while Cryptio independently reconciles balances and transactions against on-chain evidence. Together, they support segregation of duties, financial oversight and the integration of digital asset activity into established treasury, accounting and audit workflows.

### **Stablecoin issuers**

Stablecoin issuers need accurate records of token issuance, redemption, circulation and reserve-related activity. Utila enables secure minting, burning and treasury operations, while Cryptio independently reconciles token movements, mint & burn events and supply against blockchain records. This helps issuers maintain accurate records of outstanding token liabilities, support reserve-related reporting alongside connected reserve data, and prepare transparent financial and audit records.

### **Exchanges and brokers**

Exchanges and brokers can manage deposits, withdrawals and settlements through Utila while Cryptio reconciles high volumes of transactions across wallets, blockchains and trading venues. This reduces manual reconciliation, helps identify discrepancies and supports accurate financial reporting at scale.

### **Asset managers**

Utila provides secure wallet and transaction management, while Cryptio consolidates and reconciles holdings and activity across connected custodians, exchanges and blockchain networks. This supports fund accounting, portfolio valuations, NAV calculations and audit-ready investor reporting.

### **Payment service providers**

Utila enables secure, automated stablecoin payments and settlement operations through API-driven wallet infrastructure. Cryptio reconciles the resulting payment and treasury activity, helping providers automate accounting, manage transaction volumes and maintain reliable financial records.

## **Connecting digital asset operations with the books**

Secure wallet infrastructure and reliable financial reporting are essential components of institutional digital asset operations, but they serve different purposes.

Our partnership with Utila connects these capabilities, combining secure asset management with independently sourced reconciliation data, automated accounting and financial reporting.

For institutions, this means a clearer separation of operational and financial responsibilities, greater confidence in recorded balances and transactions, and a scalable path from digital asset activity to the general ledger.

**Holding and moving digital assets is only part of the financial workflow. Accurately reconciling and accounting for that activity is what connects digital asset operations with the books.**

[Get in touch with our team](https://cryptio.co/demo) to learn how our integration with Utila can streamline your reconciliation, accounting and financial reporting workflows.

#### Table of contents

- [Bridging the gap between wallet operations and financial reporting](https://blog.cryptio.co/cryptio-and-utila-bring-independent-reconciliation-to-institutional-digital-asset-operations#anchor-1)
- [Introducing Utila: institutional digital asset wallet infrastructure](https://blog.cryptio.co/cryptio-and-utila-bring-independent-reconciliation-to-institutional-digital-asset-operations#anchor-2)
- [How the Cryptio × Utila integration works](https://blog.cryptio.co/cryptio-and-utila-bring-independent-reconciliation-to-institutional-digital-asset-operations#anchor-3)
- [Independent verification and stronger financial controls](https://blog.cryptio.co/cryptio-and-utila-bring-independent-reconciliation-to-institutional-digital-asset-operations#anchor-4)
- [Supporting banks, stablecoin issuers, exchanges, asset managers and payment providers](https://blog.cryptio.co/cryptio-and-utila-bring-independent-reconciliation-to-institutional-digital-asset-operations#anchor-5)
- [Connecting Digital Asset Operations With the Books](https://blog.cryptio.co/cryptio-and-utila-bring-independent-reconciliation-to-institutional-digital-asset-operations#anchor-6)

### **Explore howCryptio can help.**

[![Book a demo](https://no-cache.hubspot.com/cta/default/20275766/7f093aaf-1bd4-4545-97c6-c5ac040f256c.png)](https://cta-redirect.hubspot.com/cta/redirect/20275766/7f093aaf-1bd4-4545-97c6-c5ac040f256c)

[Back to blog](https://blog.cryptio.co)

### Discover more from Cryptio

<https://blog.cryptio.co/what-is-the-cost-basis-and-why-is-it-important>

- [Insider](https://blog.cryptio.co/tag/insider)

### [What is the cost basis and why is it important?](https://blog.cryptio.co/what-is-the-cost-basis-and-why-is-it-important)

 4 minute read

<https://blog.cryptio.co/introduction-to-crypto-finance-forum-cff>

- [Crypto Finance Forum](https://blog.cryptio.co/tag/crypto-finance-forum)

### [Introduction to Crypto Finance Forum (CFF) with Antoine Scalia, Founder & CEO, Cryptio](https://blog.cryptio.co/introduction-to-crypto-finance-forum-cff)

 2 minute read

<https://blog.cryptio.co/cryptio-keynote-with-antoine-scalia-at-cff-nyc-2025>

- [Product News](https://blog.cryptio.co/tag/product-news)

### [Cryptio keynote 2025: A suite of ERP applications for digital asset institutions](https://blog.cryptio.co/cryptio-keynote-with-antoine-scalia-at-cff-nyc-2025)

 3 minute read

## Book a meeting with *our experts*

On the call we can set you up with a sandbox account so you can try Cryptio for yourself.

![Letter icon](https://blog.cryptio.co/hubfs/raw_assets/public/Cryptio_October2021/images/letter.svg)

- Enterprise-grade security
- Online support
- Instant access

![Letter icon](https://blog.cryptio.co/hubfs/raw_assets/public/Cryptio_October2021/images/loop.png)

![Letter icon](https://blog.cryptio.co/hubfs/raw_assets/public/Cryptio_October2021/images/ethereum_bitcoin_coin.png)

![Cryptio logo](https://blog.cryptio.co/hubfs/raw_assets/public/Cryptio_October2021/images/logo-white.svg "Cryptio logo")

[![LinkedIn](https://blog.cryptio.co/hubfs/LinkedIn.svg)](https://www.linkedin.com/company/cryptio) [![Twitter](https://blog.cryptio.co/hubfs/Twitter.svg)](https://twitter.com/cryptio_co)

![soc-logo](https://blog.cryptio.co/hs-fs/hubfs/Imported%20images/soc-logo.png?width=38&name=soc-logo.png "soc-logo")

### Product

- [Use cases](https://cryptio.co)
- [Solutions](https://cryptio.co)
- [Pricing](https://cryptio.co/pricing)
- [Integrations](https://cryptio.co/integrations)

### Support

- [Contact us](https://cryptio.co/contact)
- [Help center](https://support.cryptio.co/hc/en-gb)

### Company

- [Partners](https://cryptio.co/partners)
- [Blog](https://blog.cryptio.co/)

### Legal

- [Terms & Conditions](https://cryptio.co/terms)
- [Privacy policy](https://cryptio.co/privacy)

### Don’t miss an update

Sign up for our newsletter for the latest Cryptio news & insights

All Rights Reserved - Inquiries: [security@cryptio.co](mailto:security@cryptio.co)

```json
{
  "@context" : "https://schema.org",
  "@type" : "VideoObject",
  "caption" : {
    "@type" : "MediaObject",
    "contentUrl" : "https://blog.cryptio.co/media-transcripts/88394297391/en.vtt",
    "inLanguage" : "en",
    "name" : "en Captions"
  },
  "contentUrl" : "https://20275766.fs1.hubspotusercontent-na1.net/hubfs/20275766/Cost%20Basis%20marketing%20campaign.mp4",
  "dateModified" : "2025-11-27T15:00:55.961Z",
  "duration" : "PT18.027S",
  "height" : 1080,
  "name" : "Cost Basis marketing campaign",
  "thumbnailUrl" : "https://20275766.fs1.hubspotusercontent-na1.net/hubfs/20275766/Cost%20Basis%20marketing%20campaign.mp4/medium.jpg",
  "uploadDate" : "2022-10-17T11:43:51.259Z",
  "width" : 1920
}
```