Saffery Trust becomes first trust firm to offer advanced cryptocurrency accounting with Cryptio

Saffery Trust has partnered with leading blockchain accounting firm Cryptio, to offer advanced cryptocurrency accounting to its clients.

Cryptio offers enterprise-grade accounting, audit, and tax software for digital assets, utilising blockchain technology to provide efficient, accurate accounting services. The firm supports over 400 leading crypto institutions and enterprises including blockchains, exchanges and custodians.

As one of the leading trust and corporate service providers in the digital asset and cryptocurrency sphere, Saffery Trust is the first trustee to partner with Cryptio after identifying the benefits the service could offer to its global client base.

The use of Cryptio will improve efficiency in the bookkeeping of cryptocurrency transactions and advanced data integrity checks and balances.

Saffery Trust Digital Asset Team Assistant Manager, Rory Jones, said the partnership was reflective of the firm’s commitment to client service.

“The rapidly evolving crypto market has presented both unique challenges and exciting opportunities for trustees. After first being approached by a digital asset client in 2017, we invested significant time and resources in identifying where we could add value and how our expertise and experience of traditional wealth structuring could translate to structuring digital wealth and assets.

“From asset protection and succession planning to cross-border tax and compliance, we help bridge the gap between digital wealth and assets and traditional financial services. We are always looking for technologies that can support the ongoing advancement of our services, and adding the Cryptio platform to our digital assets tech stack has already significantly reduced the time it takes us to complete cryptocurrency bookkeeping.

“We partner with specialist intermediaries and solutions providers at the forefront of their respective fields to support us in delivering a first-class client service, and our partnership with Cryptio is a fantastic example of ensuring we have the right people and technologies around us.”

Cryptio’s services will be utilised for crypto clients across Saffery Trust’s offices in the Cayman Islands, Guernsey and Switzerland.

Cryptio Accounting Partner Lead, Claudia Tomas and Senior Account Executive James Okende recently visited the firm’s Guernsey office to deliver training on the platform.

“By providing powerful financial reporting capabilities, which connect to existing accounting tools, we offer the seamless integration of advanced accounting in a notoriously complex service area. Our partners span a broad spectrum of the crypto and wealth industries, and we are delighted to welcome Saffery Trust as our first trustee,” said Claudia.

“Our senior leaders are experienced financial service professionals who understand the needs of our client base, and we can see a clear use case for Cryptio in supporting high-net-worth individuals and families with wealth structures. We look forward to a long-lasting and successful partnership with Saffery Trust.”

Find our more about our Digital Asset and Cryptocurrency services here.