---
title: Tulipa Capital success story
description: How Tulipa Capital saved 37 days of manual posting per year, accelerated reconciliation, and built an audit-compliant process for its crypto activity.
publishDate: 2026-07-28
---

## The challenge

Tulipa Capital operates in the digital asset space and executes transactions using stablecoins
and crypto. While efficient from a payments perspective, this created challenges for accounting:
blockchain transactions do not naturally fit into traditional accounting systems, which expect
bank-style account statements. This led to:

- Time-intensive manual reconciliation
- Backlogs in recording transactions
- Risk of misclassification and audit friction

The Dutch accounting and advisory firm working with the client needed a scalable way to book
stablecoin and crypto transactions as first-class financial events within standard accounting
workflows, without modifying their cloud-based accounting system Twinfield, provided by Wolters
Kluwer.

## The solution

nupont provided the missing link between blockchain and accounting.

Using nupont, stablecoin and crypto transactions were converted into fully compliant **ISO 20022
account statements**, allowing Twinfield to process them just like traditional bank data,
without any changes to the accounting system.

## Implementation

- Stablecoin and crypto wallets were connected to nupont
- Transaction history was reconstructed going back to 2024
- Euro values were calculated based on near-real-time exchange rates
- ISO 20022 account statements were generated automatically
- Statements were imported directly into Twinfield
- Transactions were reviewed and booked using standard workflows

The entire setup was implemented quickly and moved into production. With the process running
continuously, transactions can be ported immediately, giving Tulipa Capital an up-to-date
financial picture that includes all crypto and stablecoin activity.

## The result

- 100% of stablecoin and crypto transactions successfully booked in Twinfield
- Historical backlog resolved: transactions from 2024 were fully processed
- Manual efforts reduced by up to 95% compared to previous workflows
- Zero system customization or changes to existing accounting software
- Reduced operational risk
- Enabled audit readiness, compliance and faster financial close

<!--- "This is a good example of how an open ecosystem around Twinfield creates real value for clients.
nupont solved a genuinely difficult problem for Tulipa Capital and its accounting partner,
without requiring any changes on our side. That is exactly how we want our platform to be
extended." – Lee Place, Head of Business Development Europe Region-West, Wolters Kluwer
---->
## Why it matters

This success proves that accounting systems can already support stablecoins and crypto without
re-engineering. For accountants, it opens new revenue opportunities; for corporates, it means
faster closes, fewer errors, and seamless compliance.

As stablecoins become part of mainstream treasury and cross-border payments, the ability to bring
them into existing accounting landscapes will be a competitive advantage.