Libra Announces Commitment to Support Circle Trade’s Financial Reporting Requirements

Showcases Libra’s Role in Automating Back Office Processes for Crypto OTC Trading Desks

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Leading technology and data services provider for middle and back office crypto asset processing Libra, is teaming up to provide support for Circle Trade, Circle’s global OTC trading operation with more than $2 billion monthly trading volume.

Libra will support Circle Trade’s back office, which includes supporting automated post trade processing, as well as the independent reconciliation of data between Circle Trade and its trading and banking partners. This will facilitate the seamless and effective creation of auditable financial information.

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“Libra’s solutions are an important part of Circle’s ongoing investments and commitment to building highly scalable and automated management reporting systems,” said Patrick Corker, Circle’s Treasurer. “We look forward to quickly completing this implementation and continuing to work with Libra.”

Circle and Libra are also announcing an expanded collaboration that ensures best-in-class automated connectivity across Circle businesses. The goal of these efforts is to ensure Libra’s enterprise customers are directly connected to Circle’s post trade reporting infrastructure in order to eliminate manual and time-consuming back office and reporting processes.

Libra’s highly secure enterprise-grade solutions improve data accuracy and completeness with products that transform distributed and decentralized data into auditable information such as financial statements and regulatory reports.

“Circle is a trailblazer in bringing innovative crypto solutions to the ecosystem,” said Jake Benson, Founder and CEO of Libra. “We truly appreciate the trust they have extended to us in selecting Libra to become a meaningful part of their infrastructure, and we look forward to collaborating with them to eliminate the pain points associated with financial reporting of crypto assets in this evolving market.”

Founded in 2014, Libra is a trusted, blockchain-native technology company that delivers leading middle and back office solutions for the crypto asset ecosystem. Libra provides a system of record that automates and optimizes accounting, audit and tax processes for funds and fund administrators, OTC and proprietary trading firms and exchange platforms. Libra’s premier solutions enable the transformation of distributed and decentralized data into auditable financial information within an enterprise-grade highly scalable and secure infrastructure. Libra is based in New York City.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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