Tulipa Capital
- Time saved per year
- 37 days
- Transactions booked
- 100%
- Manual effort reduced
- up to 95%
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
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.
"We run our business on stablecoins, but accounting was the bottleneck. With nupont, that bottleneck disappeared. Stablecoin transactions now flow into Twinfield like bank statements. No manual journal entries, no workarounds, no changes to our processes. For us, this finally made crypto accounting production-ready."