Sudrania Fund Services has launched Seamless Crypto, a new cryptocurrency fund administration solution.
The application includes multi-currency investment accounting and reporting, designed specifically for the operational needs of digital assets, as well as high frequency, indexing, and arbitrage strategies.
Seamless Crypto is intended for investment managers looking to outsource their fund administration and back-office operations through a cloud-based solution.
The platform incorporates several functionalities required to manage cryptocurrency funds, such as application programming interface (API) integrations, daily net asset value calculations, SOC2-audited secure online portal, comprehensive tax solutions, and a one-stop solution for crypto spot and derivative trades.
Manish Agrawal, co-founder and managing director of product at Sudrania, commented: “We are thrilled that our extensive experience with cryptocurrency funds, coupled with our full suite of portfolio, fund, and investor accounting services, helps funds, managers, and market makers’ operations run smoothly. It is gratifying that cryptocurrency funds rely on us to deliver clean and reconciled data as they navigate their exchanges and third parties.”
The platform has already been implemented and attested by the Bayesian Group, an association of software and trading algorithms creators.
Eric Bernhard, director and vice president of marketing at the Bayesian Group, added: “We see the Sudrania team as an extension of our firm and are pleased to leverage their deep industry knowledge in both fund administration and technology, which allows us to focus on generating alpha for our investors.”
