The Web3 Finance Stack Is Evolving
Elven has served the crypto accounting space well, particularly for exchanges and OTC desks. With 800+ Web3 enterprises and SOC 2 certification, they've proven their capability in multi-chain accounting.
But modern Web3 companies need more than bookkeeping. They need real-time treasury visibility, automated SAFT management, native crypto payroll, and tax compliance across 35+ jurisdictions—all in one unified platform.
This is where Kryptos Enterprise differentiates itself: not by replacing what Elven does well, but by offering features that Elven simply doesn't have.
What You Gain by Switching
1. Native SAFT & Token Vesting Tracker (Elven Doesn't Offer This)
Managing SAFTs in spreadsheets is time-consuming and error-prone. You know the drill: manual calendar reminders, scattered data, and difficult investor reporting.
Kryptos Enterprise automates everything:
Visual timeline of all token unlocks and vesting schedules
Automatic notifications before major unlock events
One-click investor reports
Cross-chain vesting support
Real impact: One DeFi protocol eliminated 12 hours of monthly manual work and reduced investor reporting errors to zero.
2. 38x More Integrations (5,000 vs 130)
Elven supports 130 integrations. Kryptos connects to 5,000+ platforms.
Why this matters: As your protocol grows and you adopt new DeFi tools, you won't hit integration limits. Every exchange, wallet, DEX, and blockchain you use—covered.
Never again: "Sorry, we can't support that protocol yet."
3. Complete Crypto Payroll Suite (Elven Doesn't Offer This)
Elven treats payroll as transactions, requiring external tools for management. Kryptos includes full payroll functionality:
- Recurring and milestone-based crypto payments
- Bulk contributor payouts in any token or stablecoin
- Invoice generation with approval workflows
- Automatic accounting integration
The difference: No more reconciling between separate payroll systems and your accounting platform. One system, one source of truth.
Time saved: One gaming studio reduced payroll processing from 4 hours to 45 minutes per cycle.
4. Real-Time Treasury Dashboard (Not Just Balance Tracking)
Elven provides basic balance views. Kryptos gives CFOs strategic intelligence:
- Live burn rate monitoring with automatic alerts
- Runway forecasting with scenario planning
- Portfolio organization (Ops, Grants, Investments)
- Idle capital detection to optimize treasury
- Visual cash flow projections
Why this matters: Make decisions based on current data, not last month's reconciliation. When markets shift rapidly, real-time visibility is no longer a luxury; it's essential.
5. 35 Countries vs 13 for Tax Compliance
Operating globally? Kryptos supports tax compliance in 35+ jurisdictions compared to Elven's 13:
- Automated tax calculations by region
- Capital gains and losses reporting
- Tax loss harvesting opportunities
- One-click form generation (US, EU, APAC, and beyond)
No separate tax software needed. Everything stays synchronized on one platform.
6. Dedicated Support for Every Customer (Not Just Premium Tiers)
Elven limits dedicated account managers to higher-tier plans. Kryptos includes premium support for everyone:
- Dedicated CSM assigned to every customer
- 24/7 support (not just business hours)
- White-glove migration in 24 hours
- Proactive account monitoring
Feature Comparison at a Glance
Real Migration Story: DeFi Lending Protocol
Company: Leading DeFi protocol with $500M TVL
Challenge: Managing 50+ SAFTs, paying 30 global contributors, 8-day month-end close
Previous setup:
Elven for accounting
Spreadsheets for SAFT tracking
Separate payroll tool
After switching to Kryptos:
✅ Consolidated 3 tools into one platform
✅ Month-end close: 8 days → 2 days
✅ 100% automated SAFT tracking and investor reporting
✅ Transaction categorization time cut by 80%
✅ Payroll processing: 4 hours → 45 minutes
CFO's takeaway: "The SAFT tracker alone justified the move, but the integrated payroll transformed our entire finance operation."
Who Should Consider Switching?
You're a strong candidate if:
✅ You're manually tracking SAFTs in spreadsheets
✅ You need real-time treasury visibility, not historical reports
✅ You operate in more than 13 countries
✅ You're using diverse DeFi protocols (need 5,000+ integrations)
✅ You want one platform instead of 3-5 separate tools
✅ You pay 20+ global contributors in crypto
Stay with Elven if:
- You're primarily an exchange/OTC desk with simple needs
- You operate in 13 countries or fewer
- 130 integrations cover all your platforms
- You don't need SAFT tracking or advanced treasury features
Common Questions About Switching
Q: Can we run both platforms in parallel?
A: Yes. We recommend a 2-4 week parallel run to ensure accuracy and build team confidence.
Q: What happens to our historical data?
A: We import everything into Kryptos. You can keep Elven read-only for reference or decommission it—your choice.
Q: Will our auditors accept Kryptos reports?
A: Yes. Kryptos generates GAAP/IFRS-compliant reports that meet Big 4 requirements. We'll coordinate with your auditors during migration.
Q: How long does migration take?
A: Initial setup in 24 hours, full optimization in 3-4 weeks. We provide white-glove support throughout.
Ready to Make the Switch?
Step 1:
Book a 30-minute demo
See Kryptos Enterprise in action with your specific use cases
Step 2:
Get a personalized migration plan
We'll assess your current setup and create a custom timeline
Step 3:
Migrate with confidence
White-glove support, zero downtime, full data migration
The bottom line: If you're managing SAFTs, operating globally, or need more than basic accounting, Kryptos Enterprise offers features that Elven simply doesn't have—at 38x the integration scale.
| 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. |
