If you operate in digital assets, regulators increasingly expect you to prove that on-chain activity matches your books.
This isn’t a future trend. It’s already the law across multiple jurisdictions, and the direction is unmistakable: multi-source reconciliation is becoming the global standard.
The Global Regulatory Picture
United Kingdom (FCA – CASS Rules)
FCA’s Client Assets Sourcebook requires an internal client-money reconciliation each business day, plus external reconciliations at least monthly. While originally written for securities brokers and asset managers, it’s the benchmark the UK applies to crypto-asset businesses seeking registration.
New York (NYDFS)
The 2023 Custodial Guidance mandates strict segregation and books-and-records requirements that, in practice, demand daily reconciliation – even if a specific frequency isn’t written into the rule.
Canada (CSA)
Canadian crypto trading platforms operate under bespoke recognition orders requiring that customer asset records be regularly reconciled to independent custodian reports, with prompt remediation of any discrepancy.
Dubai (VARA)
Virtual Asset Service Providers (VASPs) must perform daily reconciliations of every client credit and debit ledger and notify the regulator immediately if a material discrepancy isn’t rectified.
Singapore (MAS)
Digital Payment Token service providers must reconcile both customer digital assets and fiat balances every day, and issue monthly customer statements – one of the toughest safeguarding regimes anywhere.
Japan (FSA)
Crypto-asset exchange service providers must calculate and verify segregated customer-asset amounts every business day, ensuring a one-to-one match between liabilities and safeguarded reserves.
Across these markets the pattern is clear: reconciliation is now a daily (or near-daily) compliance control, not just a back-office best practice.
Why Single-Source Check No Longer Pass
Traditional reconciliation assumes one central ledger, but digital assets don’t work that way.
Your holdings may span:
- On-chain wallets across multiple blockchains
- Trading accounts at multiple exchanges
- Custodial sub-accounts
- Fiat accounts with banking partners
If you only reconcile what sits inside your internal ledger, you miss the full picture – and expose your business to regulatory breaches and audit failures.
Today’s rules demand multi-source reconciliation: proving that every customer balance matches across all systems and data feeds, every day.
TRES Multi-Source Reconciliation was built for exactly this environment.
- Daily, cross-system checks: wallets, exchanges, custodians, banks, and ERPs
- Real-time discrepancy alerts: spot issues before they trigger regulator notifications
- Immutable audit trail: a single source of truth regulators and auditors can trust
- Configurable frequency: meet daily, weekly, or jurisdiction-specific mandates
Instead of stitching together APIs or running spreadsheets, finance and compliance teams get continuous proof of reserve and position – ready for audits and inspections.
Stay Ahead of the Curve
Global standards like the EU’s MiCA framework are tightening expectations on safeguarding and proof of reserves.
As more regulators follow VARA, MAS, and FCA, multi-source reconciliation will move from best practice to table stakes.
Multi-source reconciliation is no longer optional. Book a demo to see how TRES keeps you one step ahead.
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