Success Story
Client Introduction
A US-based Series C+ Web3 infrastructure company generating revenue through token incentives, staking rewards, and protocol service agreements, preparing for continued global expansion.
Problem Statement
As the company scaled, financial complexity increased significantly due to the nature of token-based economics.
- Revenue denominated in native tokens subject to high price volatility, vesting schedules, and lockups — creating valuation uncertainty
- Inconsistent revenue recognition practices across staking, node operations, and token grants
- Fragmented on-chain and off-chain data leading to reconciliation gaps between wallets, custodians, and the general ledger
- Limited audit trail documentation, increasing risk during external audit and investor due diligence
The finance function was operating without a unified token accounting framework, exposing the organization to reporting inconsistencies and heightened audit scrutiny.
Solution Offered
Anaptyss led a control-centric finance transformation designed to institutionalize token accounting practices, strengthen reconciliations, and embed audit-grade documentation across revenue streams.
The focus was not only on policy design — but on building scalable infrastructure to support future token generation events (TGE), investor reporting, and regulatory scrutiny.
Key Solutions Delivered
- Designed a revenue recognition framework aligned with ASC 606 / IFRS guidance for token-based consideration.
- Established a fair value measurement policy using observable market data, supported by formal valuation memos
- Implemented wallet-level reconciliation processes integrating blockchain explorers, custodial reports, and the general ledger
- Built comprehensive token rollforward schedules covering issuance, vesting, staking rewards, unlock events, and balance movements
- Developed an internal control matrix covering smart contract activity, key management controls, and segregation of duties
- Created audit-ready revenue documentation and board-level reporting dashboards
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Business Outcomes
- Reduced reconciliation breaks by 50% within two reporting cycles
- Standardized token revenue recognition across business lines
- Achieved clean external audit with no material adjustments
- Enhanced investor confidence ahead of upcoming funding round
- Built scalable finance infrastructure to support TGE readiness and global expansion
Want to learn more or need a solution?
Write to us: info@anaptyss.com
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