This week at Kryptos, we embark onentirely new trails in Web 3 finance with updates that fortify the ecosystem and take us closer to building the financial backbone of Web3.
Kryptos Enterprise Beta: More than 50 businesses onboarded
We announce with great pride the release of Kryptos Enterprise into Beta, with more than 50 Web3 businesses on board.
Why did they come so fast? Web 3 finance has been all-around fragmented, time-consuming, and error-prone. Finance teams juggle with vanilla wallets, exchanges, DeFi dashboards, spreadsheets, and manual reconciliations. Kryptos Enterprise comes to solve this problem with a unified, enterprise-grade finance stack truly built for Web3.
Facilities provided through the following core capabilities:
Real-Time Treasury Tracking for CEXs, Wallets, DeFi, and Stable coins
SAFT & Token Vesting Tracker with Automatic Cliff/Unlock Visualization
Multi-Chain Accounting &Reconciliation with AI Anomaly Detection
Audit-Level Financial Reporting from the Click of One-Button P&L, Balance Sheets, and Annual Reports
Payroll and Payouts for Contributors and Vendors in Crypto or Stable coins
Kryptos Enterprise removes operational bottlenecks and delivers regulation-ready compliance without compromise for CFOs and finance leads.
Running a Web3 business? Request for a demo to see how your finance team can simplify its entire stack with Kryptos.
Virtuals Ventures Invests in Kryptos
We are proud to declare that Virtuals Ventures has invested in Kryptos, thus endorsing our mission to standardize and scale Web3 finance.
Beyond just capital infusion, this validation confirms that Kryptos is the de facto Web3 financial data layer. With Virtuals' support, we can fast-track:
- Expansion of integrations on 5,000+platforms
- Development of AI-powered crypto tools for enterprises & individuals
- The scaling of our Web3 finance super app, unifying tax, accounting, portfolio management, and compliance
With Virtuals backing, Kryptos is better positioned than ever to deliver seamless financial infrastructure for the next generation of digital businesses.
Spotlight on FYNI – Kryptos’ AI Co-Pilot
FYNI is set to launch on the Virtual Genesis as the first hyper-personalized financial AI co-pilot.
In contrast to generic AI assistants, the cryptocurrency data layer of Kryptos empowers FYNI to access instantly your entire Web3 financial activity. FYNI is not just a companion interface but can also act as an actionable intelligence layer to:
- Track portfolios with ease
- File taxes with automation
- Make enterprise accounting easier
- Provide forward-looking financial insights
With every interaction, FYNI learns and adapts, making it the most reliable AI-driven partner in managing Web3 finance.
Community Love-Airdrop Coming for FYNI
We are launching a relevant airdrop to celebrate FYNI with a community-first mindset, giving it back to early adopters and engaged users.
How do you qualify for the FYNI airdrop:
- Add Your Accounts → Connect wallets plus exchanges to Kryptos
- Install the Mobile App → Available on iOS & Android
- Follow Us on Socials → Stay posted and engaged
- Refer& Earn Additional → Invite friends to earn more rewards
- Subscription Tier → Subscription tiers will be given boosted airdrop allocations
Keep your eyes glued for official airdrop details—it’s going to be worth it!
A Note From Our Founders
"We have always maintained that we value listening to our users and delivering a solution that makes an impact. Kryptos Enterprise Beta is just the beginning. Much more launches and bigger news will soon follow."
The galaxy of Web 3 finance is slowly taking shape—and it is very much in the presence of you.
Closing Statement
Kryptos reaches a truly significant juncture this week from adoption in Kryptos Enterprise Beta, to a strategic investment in Virtuals, and the launch of FYNI.
The ultimate goal remains clear: to create a Web3 finance super app where crypto tax compliance, portfolio &wealth management, and AI-powered automation meet in one seamless experience.
Stay tuned—for the best is yet to come.
| Step | Form | Purpose | Action |
|---|---|---|---|
| 1 | 1099-DA | Reports digital asset sales or exchanges | Use to fill out Form 8949. |
| 2 | Form 1099-MISC | Reports miscellaneous crypto income | Use to fill out Schedule 1 or C. |
| 3 | Form 8949 | Details individual transactions | List each transaction here. |
| 4 | Schedule D | Summarizes capital gains/losses | Transfer totals from Form 8949. |
| 5 | Schedule 1 | Reports miscellaneous income | Include miscellaneous income (if not self-employment). |
| 6 | Schedule C | Reports self-employment income | Include self-employment income and expenses. |
| 7 | Form W-2 | Reports wages (if paid in Bitcoin) | Include wages in total income. |
| 8 | Form 1040 | Primary tax return | Summarize all income, deductions, and tax owed. |
| Date | Event/Requirement |
|---|---|
| January 1, 2025 | Brokers begin tracking and reporting digital asset transactions. |
| February 2026 | Brokers issue Form 1099-DA for the 2025 tax year to taxpayers. |
| April 15, 2026 | Deadline for taxpayers to file their 2025 tax returns with IRS data. |
| Timeline Event | Description |
|---|---|
| Before January 1, 2025 | Taxpayers must identify wallets and accounts containing digital assets and document unused basis. |
| January 1, 2025 | Snapshot date for confirming remaining digital assets in wallets and accounts. |
| March 2025 | Brokers begin issuing Form 1099-DA, reflecting a wallet-specific basis. |
| Before Filing 2025 Tax Returns | Taxpayers must finalize their Safe Harbor Allocation to ensure compliance and avoid penalties. |
| Feature | Use Case Scenario | Technical Details |
|---|---|---|
| Automated Monitoring of Transactions | Alice uses staking on Ethereum 2.0 and yield farming on Uniswap. Kryptos automates tracking of her staking rewards and LP tokens across platforms. | Integrates with Ethereum and Uniswap APIs for real-time tracking and monitoring of transactions. |
| Comprehensive Data Collection | Bob switches between liquidity pools and staking protocols. Kryptos aggregates all transactions, including historical data. | Pulls and consolidates data from multiple sources and supports historical data imports. |
| Advanced Tax Categorization | Carol earns from staking Polkadot and yield farming on Aave. Kryptos categorizes her rewards as ordinary income and investment income. | Uses jurisdiction-specific rules to categorize rewards and guarantee compliance with local tax regulations. |
| Dynamic FMV Calculation | Dave redeems LP tokens for Ethereum and stablecoins. Kryptos calculates the fair market value (FMV) at redemption and during sales. | Updates FMV based on market data and accurately calculates capital gains for transactions. |
| Handling Complex DeFi Transactions | Eve engages in multi-step DeFi transactions. Kryptos tracks value changes and tax implications throughout these processes. | Manages multi-step transactions, including swaps and staking, for comprehensive tax reporting. |
| Real-Time Alerts and Updates | Frank receives alerts on contemporary tax regulations affecting DeFi. Kryptos keeps him updated on relevant changes in tax laws. | Observe regulatory updates and provide real-time alerts about changes in tax regulations. |
| Seamless Tax Reporting Integration | Grace files taxes using TurboTax. Kryptos integrates with TurboTax to import staking and yield farming data easily. | Direct integration with tax software like TurboTax for smooth data import and multi-jurisdictional reporting. |
| Investor Type | Impact of Crypto Tax Updates 2025 |
|---|---|
| Retail Investors | Standardized crypto reporting regulations make tax filing easier, but increased IRS visibility raises the risk of audits. |
| Traders & HFT Users | To ensure crypto tax compliance, the IRS is increasing its scrutiny and requiring precise cost-basis calculations across several exchanges. |
| Defi & Staking Participants | The regulations for reporting crypto transactions for staking rewards, lending, and governance tokens are unclear, and there is a lack of standardization for decentralized platforms. |
| NFT Creators & Buyers | Confusion over crypto capital gains tax in 2025, including the taxation of NFT flips, royalties, and transactions across several blockchains. |
| Crypto Payments & Businesses | Merchants who take Bitcoin, USDC, and other digital assets must track crypto capital gains for each transaction, which increases crypto tax compliance requirements. |
| Event | Consequences | Penalties |
|---|---|---|
| Reporting Failure | The tax authorities can mark uncontrolled revenues and further investigate. | Penalty fines, interest on unpaid taxes and potential fraud fees if they are deliberately occurring. |
| Misreporting CGT | Misreporting CGT Error reporting profits or losses can trigger the IRS audit. | 20% fine on under -ported zodiac signs, as well as tax and interest. |
| Using decentralized exchanges (DEXs) or mixers without records | The IRS can track anonymous transactions and demand documentation. | Possible tax evasion fee and significant fine. |
| Disregarding Bitcoin mining tax liabilities | Mining reward is considered taxable income, and failure of the report can be regarded as tax fraud. | Further tax obligations, punishment and potential legal steps. |
| Foreign crypto holdings: Non-disclosure | Foreign-accepted crypto FATCA may be subject to reporting rules. | Heavy fines (up to $ 10,000 per fracture) or prosecution for intentional non-transport. |
