Ledgermatic and the Evolving World of Digital Treasury

Ledgermatic provides the lowest cost global payment routes and a full suite of liquidity, risk and finance products denominated in digital assets
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By Holly Moore

On July 15, 2021, Ledgermatic, a digital treasury management solution, announced its compatibility with the Algorand ecosystem. Businesses using the Algorand network with the Algo token are able to leverage Ledgermatic’s custodian and back-office finance solution. 

Ledgermatic’s platform offers a full array of liquidity, risk, and finance products that facilitate a variety of finance functions that have previously been unavailable to the tokenized economy.  Utilizing these corporate treasury solutions, Finance & Treasury teams can curate, integrate and account for digital assets in their operations. 

Clients can access and view their digital asset portfolios and flows by geography, asset, and business unit, allowing them in real-time to manage liquidity and exposure.  Customers can also restructure their corporate structure and assign a variety of account types and third parties to individual entities.  Segregated, pooled, and virtual accounts allow for the management of a variety of trading, investment, and back-office activities.  Users can also link their digital asset activity to a general, sub-ledger and Chart of Accounts (CoA). Financial controls for segregation of duties, veto rights, and audit views vastly reduce the likelihood of Ledgermatic users being exposed to fraud, waste, and abuse.

This means businesses can now reconcile and account for their digital asset operations centrally instead of managing their business in silos.

These integrated Ledgermatic custody services address the growing needs of modern digital asset businesses seeking segregated, secure services for treasury holdings, third party escrow, and collateral, short term holdings on excess revenues, and long term, “buy and hold” investment strategies. 

Algorand’s Leadership

Evidence of a strong partnership at work, Ledgermatic CEO Luke Sully, who’s been involved in the blockchain and digital asset economy since 2013, remarked:

The Algorand ecosystem is a vibrant community of really impressive and focused projects. We recognized the growth in these projects and wanted Algorand to feature amongst our first set of protocols we work with. With Ledgermatic, we enable Algorand activity to drive overall financial growth and convert back offices into a dynamic, secure and hyper-connected function.”

Algorand Inc has established a strong reputation in the development of permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products.  This blockchain, the Algorand protocol, is the brainchild of Massachusetts Institute of Technology professor and Turing Award-winning cryptographer Silvio Micali.  

A technology company dedicated to removing barriers to financial exchange, Algorand Inc. is fueling the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain, and providing responsible privacy models.

COO of Algorand W. Sean Ford said:

“We are thrilled that Ledgermatic recognized the robust ecosystem developing on the Algorand blockchain and have prioritized making their treasury and custody tools available to the accelerating number of individuals and organizations launching assets on Algorand.” 

One of Algorand’s greatest token holders and among the first to issue a digital asset on Algorand, International Blockchain Monetary Reserve (IBMR) is using Ledgermatic as its custodian.  Managing Director of IBMR.io Sinjin Jung commented:

 “We believe Ledgermatic is the best-suited solution for our needs. It couples a highly sophisticated and secure custody service that is embedded into a treasury system so we can manage our holdings from a single portal. For diverse crypto operations, it’s a necessity for transparency, audit, and administration.”  

IBMR launched the Asia Reserve Currency Coin (ARCC), the world’s first micro asset designed for all levels of economic activity among the urban working poor in Asia and its developing markets with the aim of breaking the cycle of poverty, exploitation, and wealth disparity.

A Secure and Advanced Custody Service

Built on Confidential Computing technology produced by IBM Cloud Hyper Protect, the Ledgermatic digital asset platform aims to provide the highest levels of security and compliance to safely connect CFOs and treasurers to a set of digital-asset-denominated financial products, payment network, and risk management tools.

Holly Moore<br>
Holly Moore

Whether it’s writing content for the finance, tech, bioscience, and engineering industries, marketing and building businesses in the design and construction field, coaching on personal and professional development, acting for film and TV, taking care of animals at a wildlife conservation center, serving passengers in an airplane and on a private yacht, or teaching HIIT and water aerobics, Holly thrives off continuous learning, experiencing new environments and people, and connecting the dots to cultivate new insights and understanding. It’s what fuels her life and her writing.

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