NAV for your DeFi activity.

Covering 100% of your transactions, daily, headache-free.

DeFi Accounting Headache?

You've come to the right place. Offload your pain to us.

DeFi Native

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Complex Transactions
Supporting yield farming, staking, looping, and trading of bespoke tokens, pools and vaults.
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On-chain & off-chain coverage
Tracking centralized exchanges, on-chain transactions, OTC trades and manual adjustments (e.g. off-chain rewards) in a unified ledger
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NFT support
Valuing, and tracking NFTs and bespoke DeFi tokens (Uniswap V3 Position NFTs/NFT backed loans)
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Tax optimized
Applying FIFO, LIFO, HIFO, bespoke lot matching logic, and tracking globally or by wallet.

Accurate to the Penny

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Near real time NAV
Calculating NAV, outstanding shares, and performance fees to provide daily liquidity to LPs.
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Audit ready statements
Constructing accounting records from the bottom-up directly from the blockchain source data.
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Interest accrual accounting
Recognizing unclaimed rewards & accrued interest within NAV calculations.
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Custom asset pricing
Configuring asset prices to reflect realistic economic factors such as market impact, held-to-maturity yields, or specific price sources.
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Multi currency support
Computing Balance Sheet and NAV using any currency or token as denomination.

Insightful beyond data

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True yield calculator
Calculating money weighted rate of return on a per-position basis to properly isolate source of returns.
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Performance attribution
Performing scenario and sensitivity analysis to identify portfolio exposure.
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Position level risk
Monitoring your exposure across chains, protocols & tokens.
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Protocol infrastructure
Providing API or on-chain broadcast of NAV, and bespoke reporting.

Our clients love us!

Some of are clients are publicly traded companies; while others are just about to get started.

PennyWorks provided essential support during a period of rapid expansion for us, effectively managing the complexities of our evolving smart contracts. Their ability to adapt and scale alongside our growth made them an invaluable partner. For organizations seeking robust, enterprise-grade crypto bookkeeping, PennyWorks is highly recommended.

Leo Mizuhara

Hashnote - a Circle Company

PennyWorks has been a game-changer for our crypto bookkeeping. Their deep understanding of both the crypto space and accounting principles gave us complete confidence in the accuracy of our records. If you’re serious about managing your crypto finances, PennyWorks are the one you want in your corner.

Dr. Tripp Stewart

Individual investor

Built by DeFi Experts

At PennyWorks, we’re founders with deep roots in decentralized finance. After building and managing a successful DeFi fund focused exclusively on high-quality on-chain opportunities, we encountered a critical challenge: existing crypto bookkeeping tools couldn’t keep up with the complexity and scale of our operations.

To solve this, we developed our own comprehensive, robust bookkeeping platform; purpose-built to track performance across a wide range of DeFi activities. As we shared our solution with peers, we quickly realized we weren’t alone in facing these limitations of existing tools.

That’s why we’ve decided to make our platform public; empowering other DeFi investors and operators with the same level of precision, transparency, and control we needed for ourselves.

Leadership

Ivan Zhang

CEO 

Karol Przybytkowski

CTO

Marc Homsy

COO


What's Included

Full account journals
Capital gains and open lots
Asset flows
Income statement
Balance sheet

Frequently Asked Questions

Is this a software product or a service?

It's both. We offer a white-glove service, along with access to our product & dashboards.

What do I need to get started?

A complete list of wallet addresses and exchange statements/API keys.

What chains and integrations do you support?

We can handle any chain, any protocol, any contract. We specialize in bespoke needs and are happy to provide a quote to support your specific needs.

How does onboarding work?

Send us your wallet addresses and exchange API keys. We ingest your full transaction history, reconcile it against on-chain state, and hand you clean books. Most clients are live in 2-4 weeks.

What chains and protocols do you support?

Our commitment is to support 100% of your activity, across any chain, any protocol, any contract. We currently support all the major chains; EVMs, Solana, SUI, Stacks, and more; and hundreds DeFi protocols. For activity on a nnew chain or protocol, we typically require 2-3 days before we can support it.

Can you integrate with our existing fund administrator?

Yes. If you are already working with a Fund Admin, we can seamlessly slot into their workflow. We are also partnered with Formidium, a leading fund admin, and can offer you a full-stack solution.

What does your output look like?

 All reports you'd expect from a traditional fund admin: NAV and its backing reports: balance sheet, P&L, full journal entries, and more. Reports can be delivered via dashboard, API, or file drop; whichever suits you.

Is your service built for regulated funds?

Yes. Through our fund-admin partnerships, regulated DeFi funds get a single end-to-end solution: we handle the DeFi-specific accounting, our partners handle the remaining fund admin functionalities including subscriptions, redemptions, audit reports, LP reports etc.

How is your pricing structured?

Our pricing is a function of your reporting frequency and the complexity of your activity. Book a call to get a custom pricing that works for your needs.

Clear, comprehensive, complete records for all your crypto activity

Get your quote with PennyWorks