Success Story

Over 95% Reconciliation Accuracy, Real-Time Anomaly Detection, and Compliance Reporting for a US-based Crypto and Web3 Services Company

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Client Introduction

A leading Crypto and Web3 services platform that specializes in crypto compliance, cryptocurrency accounting/Web3 treasury, financial reporting, and other crypto-related offerings.

Problem Statement

The Company serves digital-native clients—crypto exchanges, DeFi, funds, and crypto custodians — and was facing the following challenges:

  1. Slow client onboarding
    With over 50 crypto clients, each with unique technical integrations, varying documentation quality, and jurisdiction-specific compliance expectations, the company faced issues in scaling up the operational capacity to serve the demand.
  2. Inaccurate reconciliation and reporting
    The platform ingested data from multiple, diverse sources, including hot wallets, cold wallets, decentralized apps, and exchanges. Differing data formats (e.g., UTXO vs account-based), missing metadata, and a lack of universal taxonomy led to reconciliation and reporting inaccuracies.
  3. Non-compliance risks and regulatory complexities
    Varying crypto compliance frameworks across regions and manual compliance monitoring processes exposed the company to audit surprises, delays, non-compliance risks, and reactive issue handling.
  4. Capability constraints in serving the diverse clientele
    Onboarding niche talent was a critical need to understand the chain logic, smart contract behavior, evolving AML trends, and other vastly varying aspects of the diverse Crypto clients.

Solution Offered

Anaptyss helped the organization address the problems through multiple interventions, including data streamlining, compliance systematization, faster onboarding of teams, and effective knowledge management.

Key Solutions Delivered

  • Harmonized the asset taxonomy across chains.
  • Plug-and-play integration with Cryptio and native tools.
  • Standardized reporting packages aligned to audit standards.
  • Faster data ingestion across chains, wallets, custodians, and exchanges.
  • Designed SoDA frameworks tailored to multi-chain and multi-asset portfolios.
  • Rule-based AML/KYT monitoring using transaction velocity, geography, and value thresholds.
  • Real-time alerting structures embedded into workflows.
  • Structured playbooks by client type (e.g., DeFi vs. Custodial).
  • Data templates for wallet/API mapping and compliance inputs.
  • QA-driven workflows that cut onboarding time by over 50%.
  • A three-tier Analyst structure to handle everything from classification to exceptions.
  • Digital knowledge management: SOPs, escalation paths, jurisdiction guides.
  • Regular upskilling modules built into operations to reduce dependency on tribal knowledge.

Business Outcomes

  • Over 50% faster client onboarding and capacity building.
  • Over 95% reconciliation accuracy across multiple ledger types.
  • Real-time anomaly detection and transaction surveillance.
  • On-demand jurisdictional compliance reporting.
  • Transparent, audit-ready financial documentation, including Statement of Digital Assets (SoDA).

Want to learn more or need a solution?
Write to us: info@anaptyss.com
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