otto is an application service that is designed to support the real-time monitoring, reconciliation, and accurate reporting of crypto for the institutional digital asset industry
We have played a pivotal role in institutionalizing alternative investments in the crypto industry since its inception. Given the evolving industry, our clients require a different approach. We continue to press the envelope on reporting capabilities and our internally developed systems have serviced over $40B in digital assets. We’ve made it our duty to bring these systems to market to increase automation and the reliability of digital asset data reporting.
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We were the first fund admin to support a crypto hedge fund
Used observable market inputs to account for digital assets
Developed the concept of Midnight UTC for closing prices when striking NAV
Selected and partnered with the first public accounting firm to audit the first crypto hedge fund
Established the first banking relationship for private digital asset funds
Collaborated with accounting firms to designate the accounting treatment for the first btc fork
Built the first institutional grade crypto portfolio reporting platform
Worked with crypto custodian and platforms to standardize monthly client statements
Partnered with OTC providers to standardize trade confirmations
Led thought discussions with SEC, MAS and SFC on how to examine a crypto fund for regulatory compliance
Built pricing sources with various market leaders
Wallet and exchange amounts are broken out by currency, quantity, price, and total portfolio value through hourly exchange integration syncs.
Search for a liquid or private transaction from inception to present day and easily find the corresponding timestamp transaction type, unique wallet address identifier, cost basis, and the transactional documents and/or description.
Enables users to verify proper inclusion of all transactions and identify when transactions may have occurred that require manual intervention.
Transactions can easily be downloaded and communicated with the respective portfolio and fund accounting software through a clean import template and/or called via APIs.
"With otto, we’ve been able to streamline our crypto reconciliation process, allowing us to focus more on strategic initiatives. The support team has been fantastic, always ready to assist with any queries."
- Brad Kano, COO, Walden Bridge Capital
"otto has been an exceptional service tool that streamlines our crypto reporting and fund administration operations with remarkable efficiency. Its intuitive interface and robust features make it an invaluable asset for managing complex financial data."
- Josiah Reich, COO, MG Stover
"Since adopting otto, Borderless has seen a remarkable improvement in our crypto reconciliation process. The automated features have helped us cut down on manual work, reduced errors, and has saved our operations team significant time each month."
- Kai Sandsmark, Controller, Borderless Capital
Whether you are a small shop or large institutional player, we can accommodate your integration needs. We ensure the completeness and accuracy of data so you can run your prop desk, market maker, fund, high frequency trading and VC platforms without doubts about the reliability of the data.
Track and monitor all your assets, whether on-chain or off-chain, in Real-Time. Utilize our all-in-one dashboard to stay on top of daily activity.
Automate tasks by integrating to your preferred reporting environment so you can easily import and aggregate data to your reporting preferences.
Transaction recording, consolidated journal entries, and other customized reporting features so you can push and pull data in and out of your systems.
Access a dedicated team who actively monitor your portfolio activity and respond to any questions about nuanced trades or transactions.
Talk with your support team to ensure your portfolio is accurate and resolve any complex open questions around your fund’s activity for period end reporting.
Coupling technology with Service. There are several crypto platforms and subledgers with a never-ending litany of issues that often require urgent and meticulous problem-solving. Our digital asset focused offering is geared toward supporting fund managers and service providers such as fund administrators, CPA firms, and fractional CFOs who seek expert knowledge of the industry and the same level of service and commitment they provide to their own clients.
Our commitment to evolving alongside our clients sets us apart and is unmatched by any other admin or crypto subledger. We’re the only fund administrator licensing our technology and processes to the ecosystem.
MG Stover maintains a team of digital asset experts with years of alternative investment fund experience. We collaborate with your operations to optimize processes and align with industry standards.
We’ve seen a thing or two over the last decade. Our hands-on approach integrates us directly into clients’ processes and systems, avoiding one-size-fits-all solutions. Ranging from launch advisory to operational due diligence to wind downs, we are available on a flexible basis to meet evolving needs.
December 14, 2023 • Blog
When it comes to accounting for on-chain transactions through DeFi protocols, a fund administrator’s processes must be designed to...
September 21, 2023 • Blog
Accurate and proper record keeping is a foundational aspect of professional fund management, with digital assets being no...
July 19, 2023 • Blog
Founded in 2007, MG Stover is a long-time full-service fund administrator, now part of PolySign, with service teams across North America...
May 3, 2023 • Article
As the demand for digital assets continues to grow, so does the need for high-quality services. Here at MG Stover, we are a proud leader and...
March 22, 2023 • Blog
When an industry expands as fast as the digital assets sector has done over the last decade, specialist skills run at a premium. We at MG...
March 8, 2023 • Press release
MG Stover, the leading and longest tenured fund administration firm for digital assets and a subsidiary of PolySign, Inc., has announced the...
March 3, 2023 • Press release
MG Stover, the leading and longest tenured fund administration firm for digital assets and a subsidiary of PolySign, Inc., has won Best...
December 2, 2022 • Blog
In October 2022, the Financial Accounting Standards Board (FASB) voted to require companies to measure crypto assets at fair...
September 8, 2022 • Press release
MG Stover, the full-service fund administration firm and subsidiary of PolySign Inc., today announces a suite of executive appointments...
June 10, 2024
Bitcoin (BTC) prices have recovered and other top cryptocurrencies have gained ground over the past month as the U.S. Securities and Exchange Commission has surprised Wall Street by making a rule change to allow the creation of spot Ethereum (ETH) exchange-traded funds.
June 1, 2024
Crypto intangible assets like bitcoin and ether are accounted for by investment companies as ‘other investments’ under ASC 946-325. The FASB’s new crypto asset guidance, ASC 350-60, gives rise to additional presentation and disclosure considerations. Our Issues In-Depth explains.
June 1, 2024
Bitcoin is becoming integral to modern finance, and accounting bodies now see it as both an opportunity and a risk. Recognizing this shift, AICPA & CIMA are starting to take the lead in educating accountants about this new asset class.
May 23, 2024
The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. The decision comes less than six months after the Securities and Exchange Commission approved bitcoin ETFs. Those funds have proven to be a big success for the industry, with net inflows already surpassing $12 billion, according to FactSet.
May 16, 2024
On Thursday, the Senate will vote on a resolution to repeal controversial accounting guidance from the Securities and Exchange Commission, which critics say has deterred investment banks from offering crypto custody at scale. The Block reported there’s apparently enough bipartisan support to see the measure pass.
May 8, 2024
House lawmakers voted Wednesday evening to overturn a Securities and Exchange Commission staff bulletin related to digital asset custody accounting, with 21 Democrats voting "yea."
January 11, 2024
On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved the launch of several BTC Exchange-Traded Funds (ETFs).[1] The approval order resolves the critical legal and regulatory issues entailed in launching a BTC ETF. Shares in trusts holding BTC can now be bought and sold on SEC-regulated exchanges, although other issues remain.
September 6, 2023
Crypto companies and other businesses with significant holdings of digital currencies will get long-awaited accounting rules to measure the value of the Bitcoin, Ethereum, and other crypto in their coffers, US accounting standard-setters unanimously voted Wednesday.
CEO
After graduating from the University of Wisconsin-Madison with a BBA in accounting, and a certificate in International Business from Thames Valley University in London, Matt began his career as a […]
Head of Product
Seth originally joined MG Stover in 2016 as Director of Hedge Funds, overseeing the open-end fund accounting group. One year later, he paired his extensive knowledge of cryptocurrency and accounting […]
Head of Growth
Pat joined MG Stover in 2022 to lead digital asset focused strategy and growth initiatives for MG Stover and related entities. His unique perspective combines his traditional financial fund operations […]
Head of Operations
Chase began his career at MG Stover, a leading fund administrator, where he specialized in servicing digital asset funds with complex crypto strategies, gaining extensive knowledge in cryptocurrency and fund […]
Product Manager
Joseph joined MG Stover in 2022 as a product manager for otto. After graduating from University of California, Berkeley, Joseph started his career in consulting with Deloitte, specializing in enterprise […]
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Headquarters 1401 17th Street
Suite 1225
Denver, CO 80202