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Duco for Crypto
The world’s leading crypto companies use Duco to reconcile and control their data and stay ahead of regulation.
Bridge the gap between blockchain and FIAT
Whether you’re traditional finance or crypto-native, Duco’s data integrity platform empowers you to align your processes and technology across fiat and digital assets.
Boost Agility
The crypto market moves fast, and so does the Duco Platform. It’s live in just 24 hours and you can use it to respond quickly to new business needs. Ingest and transform data from any source, from fiat payments to blockchain records to KYC.
Bolster Compliance
The Duco platform has been shaped by the needs of customers working in heavily regulated industries. Use it to strengthen your governance, stay compliant, and react fast to future crypto regulations.
Conquer Complexity
Duco simplifies the complex task of managing blockchain and fiat data. End-users can build new reconciliations in just 62 minutes on average thanks to our Natural Rule Language. Our flexible platform can aggregate and automate disjointed processes into one smooth workflow.
Minimise Risk
Ensure automated, streamlined data controls to stay on top of volume and complexity, even when dealing with multiple chains, wallets, custodians and banks. Gain a clear, transparent picture of your operations to reduce risk and simplify auditing.
“It is imperative for us that technology and operations keep up with our business growth and that we minimize operational risk. We also want to deliver the best possible service to our customers, which means that our reconciliation processes have to be timely, accurate and complete. We chose Duco because the solution is quick to implement, it can scale with us and it enables us to be agile both now and in the future”
Gerry Eng, co-founder of Coinhako
“At Blockfi, we need to be able to adapt to changes quickly both internally and for our clients. Duco’s technology gives us that advantage as we continue to grow our footprint globally. We were impressed with the speed of deployment, governance, and process efficiency that Duco provides. Duco allows us to be versatile and adapt with the growing cryptocurrency industry.”
Michael Walsh, Institutional Operations Director, at BlockFi
Use Duco for
Internal System of Records vs Blockchain
Internal System of Records vs Blockchain
Firms trading crypto need to reconcile their internal system of records against the golden source of data on the blockchain to ensure the trade details match. This is challenging using traditional methods or legacy systems as cryptocurrency data can involve long strings of text and up to 15 decimal places for notional amounts.
The Duco Platform provides firms trading cryptocurrency with a robust, auditable reconciliation solution. It eliminates the need for manual reconciliation, reduces the risk of errors, improves auditability and simplifies the data challenges related to regulatory compliance.
Our agile, cloud-native technology can be deployed in under 24 hours and empowers end users to rapidly spin up controls “out of the box”. The Duco Platform is built to be adaptable and scalable, ensuring you can keep up with the fast-evolving crypto space.
Book a demo to see what you can achieve with Duco.
Internal System of Records vs Liquidity Provider
Internal System of Records vs Liquidity Provider
Liquidity providers give cryptocurrency firms access to a wider selection of assets and often better pricing and narrower spreads. Firms need to track and reconcile which trades have been given up to which liquidity provider to make sure both parties have the same view of what happened (and that the relevant fees have been charged).
Reconciling cryptocurrency data is not straightforward for traditional reconciliation solutions, particularly when dealing with multiple liquidity providers who send their data in different formats. Using basic reconciliation tools or manual processes won’t work for high volumes due to rising costs and increased risk.
Duco is perfect for crypto reconciliation as it can work with the data “straight out of the box” without need for pre-transformation. This means firms needing to automate reconciliations can do so very quickly, increasing control, strengthening governance and minimising risk.
Book a demo to see what you could achieve with Duco.
Crypto Trades vs Payments
Crypto Trades vs Payments
At some stage, most cryptocurrency firms will need to take payments from customers in order to facilitate trades. These payments need to be reconciled with the actual trades executed to ensure the right amounts of fiat and cryptocurrency are going to the right place.
Firms using manual processes or basic reconciliation tools will struggle with growing risk of errors and a lack of auditability as volumes increase.
Duco has a history of successful use cases across both payments and cryptocurrency reconciliations. Firms can use our intelligent data integrity platform to replace manual work, or basic systems, extremely quickly, cutting costs, freeing up resources, reducing risk, minimising errors and improving audit and compliance.
Book a demo to see what you could achieve with Duco.
Internal System of Records vs Custodian
Internal System of Records vs Custodian
Crypto custody is a fast growing space, with the most advanced custodians providing multiple storage options to their clients, from exchange-connected hot wallets to offline cold wallets.
Regular reconciliation needs to occur between the records of the asset holder and the records of the custodian. This ensures movements are correctly documented and any assets are being stored in the right place.
The Duco Platform plays a key role in ensuring operational excellence through data quality and accuracy. It eliminates the need for opaque and error-prone manual processes and dramatically reduces the time and resources required to build crypto data controls compared to basic reconciliation tools.
The platform was designed to be data agnostic and can ingest, transform and reconcile complex cryptocurrency data that would create real problems for legacy systems.
Book a demo today to see what you could achieve with Duco.
Internal Accounting System vs Bank/PSP
Internal Accounting System vs Bank/PSP
All firms need to run bank reconciliations and crypto firms are no different. These reconciliations can get especially complicated for firms if they need to reconcile cash movements from non standard systems or across multiple banks, jurisdictions or payment service providers (PSPs).
The Duco Platform provides crypto firms with a robust, auditable solution able to handle data from a variety of sources, and even combine data from multiple sources for simplified reconciliation. It eliminates the need for manual reconciliation, reduces the risk of errors, improves auditability and simplifies the data challenges related to regulatory compliance.
Our agile, cloud-native technology can be deployed in under 24 hours and empowers end users to rapidly spin up controls “out of the box”. The Duco Platform is built to be adaptable and scalable, ensuring you can keep up with the fast-evolving crypto space.
Book a demo to see what you can achieve with Duco.
Duco in Numbers
0 mins
Average time to set up a new reconciliation
0m+
Daily transactions processed
>0%
Of customers have eliminated manual matching
Up to 0%
IT cost reduction
The Duco Platform for crypto
Harness the power of the no-code, machine learning powered solutions on the Duco Platform to reach your full data potential.
Built on the Duco Platform
BOOK A CRYPTO DATA STRATEGY SESSION
Want to discover how firms just like yours are tackling the challenges of managing complex crypto data?
Book a one-to-one crypto data strategy session to uncover your true reconciliation footprint, revealing:
How much time and money your business is spending on data quality and reconciliation
The volume of data you’re processing and the chokepoints between systems
The ROI of automating these reconciliation and data quality processes
These insights and the industry best practices we’ll share will help you create a potential roadmap for wider data quality automation across your organisation.
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