{"id":7773,"date":"2019-06-19T09:05:33","date_gmt":"2019-06-19T09:05:33","guid":{"rendered":"http:\/\/chartergroupadmin.com\/?p=7773"},"modified":"2020-01-19T00:08:48","modified_gmt":"2020-01-19T00:08:48","slug":"crypto-funds-admin","status":"publish","type":"post","link":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/","title":{"rendered":"Crypto funds admin &#8211; challenges for fund administrators"},"content":{"rendered":"\n<p><p> The crypto ecosystem is growing exponentially with new assets,  exchanges, funds and trading firms opening all the time. Working with  crypto assets is remarkably different compared to traditional assets, so  funds need the right partners <\/p> <\/p>\n\n<p><!--more--><\/p>\n\n\n<div id=\"pl-gb7773-69f24042e1b6d\"  class=\"panel-layout\" ><div id=\"pg-gb7773-69f24042e1b6d-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-gb7773-69f24042e1b6d-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-gb7773-69f24042e1b6d-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t><h3 class=\"widget-title\">Crypto funds admin &#8211; challenges for hedge fund administrators<\/h3>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2>Introduction<\/h2>\n<p>The crypto ecosystem is growing exponentially with new assets, exchanges, funds and trading firms opening all the time. Working with crypto assets is remarkably different compared to traditional assets, so funds need the right <strong>partners<\/strong> <!--more--> and <strong>technology<\/strong> to manage the most challenging elements. Traditional fund administrators have struggled to keep up with the challenges of working with crypto funds because of some of the issues outlined below.<\/p>\n<p>&nbsp;<\/p>\n<h2>Not all crypto trades occur on the blockchain<\/h2>\n<p>According to TABB Group, the OTC market for bitcoin is at least two to three times larger than the exchange market. Institutional crypto trades typically hit the blockchain but the remaining trades are actually facilitated across exchanges that use alternative trading systems to match buyers and sellers\u2014and are <strong>only <\/strong>processed on the blockchain when funds are transferred between exchange wallets. Since these trades do not occur on the blockchain, a connection to each exchange is required in order to identify, record and reconcile all transactional activity.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2>Crypto assets do not have a unique ticker and pair identification<\/h2>\n<p>New crypto exchanges and wallets are constantly entering the market, requiring expedited API development and continued maintenance. New exchanges tend to update or modify APIs frequently. Beyond the strength and immediacy of exchange connections, more critical for crypto hedge fund or crypto funds is the type of data the API feeds can collect.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong>In 2018, there were more than 200 instances of crypto asset duplicates, and another 200 instances where exchanges abandoned an asset\u2019s designated ticker and created a new one. The most difficult data reconciliation undertakings materialise when different exchanges use the <strong>same <\/strong>ticker for <strong>different <\/strong>crypto assets. A universe made up of thousands of active crypto assets, approximately 200 global exchanges, and a multitude of crypto pairs, without any standard naming convention can lead to irreconcilable data and incorrect financial statements.<\/p>\n<p>&nbsp;<\/p>\n<h2>Existing back office software does not support crypto transactions<\/h2>\n<p>Legacy systems were not originally designed to track decentralised and distributed data. The complexities of accessing and obtaining data from the growing number of existing crypto venues is complicated. Many existing systems are simply not equipped to support digital assets that extend beyond two decimal places. Further ERC20, one of the most common blockchain protocols, is not supported by legacy back office software.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>For more information, <a href=\"http:\/\/chartergroupadmin.com\/#contact\">contact us<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto ecosystem is growing exponentially with new assets, exchanges, funds and trading firms opening all the time. Working with crypto assets is remarkably different compared to traditional assets, so funds need the right partners<\/p>\n","protected":false},"author":2,"featured_media":7900,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,1],"tags":[47,28,26],"class_list":["post-7773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-funds","category-uncategorized","tag-crypto-funds","tag-fund-administration","tag-hedge-funds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto funds admin - challenges for fund administrators -<\/title>\n<meta name=\"description\" content=\"crypto funds admin \/ hedge fund administration \/ london \/ cayman islands : challenges for fund administrators of crypto asset funds\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto funds admin - challenges for fund administrators -\" \/>\n<meta property=\"og:description\" content=\"crypto funds admin \/ hedge fund administration \/ london \/ cayman islands : challenges for fund administrators of crypto asset funds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/\" \/>\n<meta property=\"og:site_name\" content=\"Charter Group Fund Administration\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-19T09:05:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-19T00:08:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\/\/chartergroupadmin.com\/#\/schema\/person\/a3329fb0d02ebacb06b6bf8a9065f59a\"},\"headline\":\"Crypto funds admin &#8211; challenges for fund administrators\",\"datePublished\":\"2019-06-19T09:05:33+00:00\",\"dateModified\":\"2020-01-19T00:08:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/\"},\"wordCount\":43,\"publisher\":{\"@id\":\"https:\/\/chartergroupadmin.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg\",\"keywords\":[\"crypto funds\",\"fund administration\",\"hedge funds\"],\"articleSection\":[\"hedge funds\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/\",\"url\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/\",\"name\":\"Crypto funds admin - challenges for fund administrators -\",\"isPartOf\":{\"@id\":\"https:\/\/chartergroupadmin.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg\",\"datePublished\":\"2019-06-19T09:05:33+00:00\",\"dateModified\":\"2020-01-19T00:08:48+00:00\",\"description\":\"crypto funds admin \/ hedge fund administration \/ london \/ cayman islands : challenges for fund administrators of crypto asset funds\",\"breadcrumb\":{\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage\",\"url\":\"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg\",\"contentUrl\":\"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg\",\"width\":700,\"height\":420,\"caption\":\"crypto assets crypto fund admin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chartergroupadmin.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto funds admin &#8211; challenges for fund administrators\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chartergroupadmin.com\/#website\",\"url\":\"https:\/\/chartergroupadmin.com\/\",\"name\":\"Charter Group Fund Administration\",\"description\":\"Hedge Fund Administration Services\",\"publisher\":{\"@id\":\"https:\/\/chartergroupadmin.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chartergroupadmin.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chartergroupadmin.com\/#organization\",\"name\":\"Charter Group Fund Administration Ltd\",\"url\":\"https:\/\/chartergroupadmin.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chartergroupadmin.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2015\/09\/CG_logo.jpg\",\"contentUrl\":\"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2015\/09\/CG_logo.jpg\",\"width\":424,\"height\":118,\"caption\":\"Charter Group Fund Administration Ltd\"},\"image\":{\"@id\":\"https:\/\/chartergroupadmin.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/chartergroupadmin.com\/#\/schema\/person\/a3329fb0d02ebacb06b6bf8a9065f59a\",\"name\":\"Author\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chartergroupadmin.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/460ce1bd2cf3e14cb8b53ce4872583cc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/460ce1bd2cf3e14cb8b53ce4872583cc?s=96&d=mm&r=g\",\"caption\":\"Author\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto funds admin - challenges for fund administrators -","description":"crypto funds admin \/ hedge fund administration \/ london \/ cayman islands : challenges for fund administrators of crypto asset funds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/","og_locale":"en_US","og_type":"article","og_title":"Crypto funds admin - challenges for fund administrators -","og_description":"crypto funds admin \/ hedge fund administration \/ london \/ cayman islands : challenges for fund administrators of crypto asset funds","og_url":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/","og_site_name":"Charter Group Fund Administration","article_published_time":"2019-06-19T09:05:33+00:00","article_modified_time":"2020-01-19T00:08:48+00:00","og_image":[{"width":700,"height":420,"url":"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg","type":"image\/jpeg"}],"author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#article","isPartOf":{"@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/"},"author":{"name":"Author","@id":"https:\/\/chartergroupadmin.com\/#\/schema\/person\/a3329fb0d02ebacb06b6bf8a9065f59a"},"headline":"Crypto funds admin &#8211; challenges for fund administrators","datePublished":"2019-06-19T09:05:33+00:00","dateModified":"2020-01-19T00:08:48+00:00","mainEntityOfPage":{"@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/"},"wordCount":43,"publisher":{"@id":"https:\/\/chartergroupadmin.com\/#organization"},"image":{"@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage"},"thumbnailUrl":"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg","keywords":["crypto funds","fund administration","hedge funds"],"articleSection":["hedge funds"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/","url":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/","name":"Crypto funds admin - challenges for fund administrators -","isPartOf":{"@id":"https:\/\/chartergroupadmin.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage"},"image":{"@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage"},"thumbnailUrl":"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg","datePublished":"2019-06-19T09:05:33+00:00","dateModified":"2020-01-19T00:08:48+00:00","description":"crypto funds admin \/ hedge fund administration \/ london \/ cayman islands : challenges for fund administrators of crypto asset funds","breadcrumb":{"@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#primaryimage","url":"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg","contentUrl":"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2019\/06\/crypto-funds-Copy.jpeg","width":700,"height":420,"caption":"crypto assets crypto fund admin"},{"@type":"BreadcrumbList","@id":"https:\/\/chartergroupadmin.com\/index.php\/2019\/06\/19\/crypto-funds-admin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chartergroupadmin.com\/"},{"@type":"ListItem","position":2,"name":"Crypto funds admin &#8211; challenges for fund administrators"}]},{"@type":"WebSite","@id":"https:\/\/chartergroupadmin.com\/#website","url":"https:\/\/chartergroupadmin.com\/","name":"Charter Group Fund Administration","description":"Hedge Fund Administration Services","publisher":{"@id":"https:\/\/chartergroupadmin.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chartergroupadmin.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chartergroupadmin.com\/#organization","name":"Charter Group Fund Administration Ltd","url":"https:\/\/chartergroupadmin.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chartergroupadmin.com\/#\/schema\/logo\/image\/","url":"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2015\/09\/CG_logo.jpg","contentUrl":"https:\/\/chartergroupadmin.com\/wp-content\/uploads\/2015\/09\/CG_logo.jpg","width":424,"height":118,"caption":"Charter Group Fund Administration Ltd"},"image":{"@id":"https:\/\/chartergroupadmin.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/chartergroupadmin.com\/#\/schema\/person\/a3329fb0d02ebacb06b6bf8a9065f59a","name":"Author","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chartergroupadmin.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/460ce1bd2cf3e14cb8b53ce4872583cc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/460ce1bd2cf3e14cb8b53ce4872583cc?s=96&d=mm&r=g","caption":"Author"}}]}},"_links":{"self":[{"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/posts\/7773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/comments?post=7773"}],"version-history":[{"count":15,"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/posts\/7773\/revisions"}],"predecessor-version":[{"id":8149,"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/posts\/7773\/revisions\/8149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/media\/7900"}],"wp:attachment":[{"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/media?parent=7773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/categories?post=7773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chartergroupadmin.com\/index.php\/wp-json\/wp\/v2\/tags?post=7773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}