This week at Kryptos, we’re pushing the boundaries of Web3 finance with major updates that strengthen our ecosystem and bring us closer to building the financial backbone of Web3.
Kryptos Enterprise Beta: 50+ Businesses Already Onboarded
We’re excited to announce that Kryptos Enterprise is live in Beta and adoption has been strong, with over 50 Web3 businesses already onboarded.
Why are teams making the switch so quickly? Because managing Web3 finances has been fragmented, time-consuming, and error-prone. Finance teams are often stuck juggling multiple wallets, exchanges, DeFi dashboards, spreadsheets, and manual reconciliations. Kryptos Enterprise changes that with a unified, enterprise-grade finance stack, purpose-built for Web3.
Core capabilities include:
- Real-time treasury tracking across CEXs, wallets, DeFi, and stablecoins
- SAFT & token vesting tracker with automated cliff/unlock visualization
- Multi-chain accounting & reconciliation with AI-powered anomaly detection
- Audit-grade financial reporting with one-click P&L, balance sheets, and annual reports
- Payroll & payouts for contributors and vendors in both crypto and stablecoins
For CFOs and finance leads, Kryptos Enterprise removes operational bottlenecks and offers regulatory-ready compliance without compromise.
If you’re running a Web3 business, Request a demo and see how your finance team can simplify its entire stack with Kryptos.
Virtuals Ventures Invests in Kryptos
We’re proud to share that Virtuals Ventures has officially invested in Kryptos, backing our mission to standardize and scale Web3 finance.
Virtuals’ investment is more than capital’s strategic validation of Kryptos’ role as the de facto financial data layer for Web3. Their support helps us accelerate:
- Expansion of integrations across 5,000+ platforms
- Development of AI-powered crypto tools for enterprises and individuals
- Scaling our vision of a Web3 finance super app that unifies tax, accounting, portfolio management, and compliance
With Virtuals backing, Kryptos is better positioned than ever to deliver on its promise: seamless financial infrastructure for the next generation of digital businesses.
Spotlight: Meet FYNI, the AI Co-Pilot by Kryptos
Alongside this milestone, we’re proud to unveil FYNI—the first hyper-personalized financial AI co-pilot, built by Kryptos and launching on the Virtuals Genesis.
Unlike generic AI assistants, FYNI is powered by Kryptos’ standardized financial data layer, giving it real-time access to your entire Web3 financial activity. This makes FYNI more than a companion—it’s an actionable intelligence layer that can simplify portfolio tracking, automate tax compliance, streamline enterprise accounting, and deliver predictive financial insights.
Every interaction with FYNI helps it learn and adapt, making it the most reliable AI-driven partner for managing Web3 finance.
Community Love: FYNI Airdrop Coming Soon
As we gear up for FYNI’s launch, we’re preparing a community-first airdrop to reward our early adopters and engaged users.
The FYNI airdrop will highlight our user-first philosophy: the more you’ve been part of the Kryptos journeywhether by using our app, inviting friends, or contributing, the more you’ll stand to gain.
Stay tuned for the official airdrop details. Promise it will be worth it.
A Note From Our Founders
“We’ve always believed in listening to what our users need and delivering solutions that make an impact. Kryptos Enterprise Beta is just the beginning. Many more launches and bigger news are on the way.”
The future of Web3 finance is unfolding you’re right here with us as it happens.
Closing Statement
From Kryptos Enterprise Beta adoption to Virtuals strategic investment and the launch of FYNI, our AI co-pilot, this week marks a turning point for Kryptos.
Our mission remains the same: to create a Web3 finance super app where crypto tax compliance, portfolio & wealth management, and AI-powered automation converge into one seamless experience.
Stay tuned—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. |
