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Bitcoin

Autorek launches a 18-resolution coding platform, MION-Cryptomode

MION addresses critical operational and organizational challenges as digital assets enter the prevailing financial services

New York and Glassco, Scotland – (Benus Weair) –AutorekA pioneering provider for automatic reconciliation and financial control solutions. Today, the launch of Mion, a platform for data management and leading reconciliation is specially designed to deal with cryptocurrencies and digital asset operations with an unprecedented precision. Mion treats the critical gap in the market for financial institutions by treating up to 20 numbers before and 18 after the decimal point to provide accuracy and size.


The digital assets market witnessed an explosive growth, as the global market value of encryption increased from less than $ 1 trillion at the beginning of 2021 to more than 3 trillion dollars in May 2025. This growth was accompanied by an increase in institutional adoption and organizational scrutiny, creating new operational challenges for financial services companies whose traditional systems were designed to operate traditional ethics on 2-8.

Mion was developed in a direct response to the customer’s challenge. The nursery and infrastructure provider in the United States is close to Autorency with a critical operational problem: current reconciliation systems were unable to accurately requires coding assets such as ETHEREUM, which operates in 18 decimal places. The Autorek Development Team responded by building Mion in just six months, creating a completely new platform structure that is able to deal with severe accuracy requirements, without any compromise with performance and expansion.

“The financial services industry is at a turning point with the accreditation of the encrypted currency,” said Chris Livisi, CEO of Autorek. “When our customer came to us with their challenge, it became clear that this was not just a single customer problem-it was an issue at the level of industry that needed to solve. Traditional reconciliation systems cannot simply deal with the accurate requirements of these assets. Mion solves this basic problem, allowing institutions to maintain the same strict financial controls that they prepared on traditional vessels.”

Mion brings all the basic functions on which Autorek customers relied for 30 years with the ability to deal accurately in numbers up to 20 number before the decimal point and 18 yet. Therefore, Mion cannot deal with high fine numbers, but also very large numbers with high accuracy. This is very important, as the encryption assets enter the prevailing, which means that accurate matching, transforming transactions, calculation, average and balance through the types of currency are not at risk by approximation or deduction.

“We have rebuilt our Autorek platform mainly from ATO to Z for Crypto, to solve a problem that customers said they could not deal with in other reconciliation tools.” Jim Sadler, chief product, technology and operations official at Autorek. “The challenge was not just displaying more decimal places – we had to create a code dedicated to overcoming the basic database technology restrictions. The statute features specialized ownership functions that ensure that sports calculations are tackled at these new levels of accuracy, allowing accurate assessments, currency accounts and data collection for digital assets.”

The platform addresses many important challenges facing financial institutions that enter the coded currency area:

  • Organizational compliance: Since the organizers such as FCA and Eu are introducing new frameworks to regulate encryption assets, companies need systems capable of meeting reconciliation requirements to protect the customer
  • High size processingThe adoption of the cryptocurrency leads the sizes of transactions that require a developed operational infrastructure
  • Accuracy requirementsAssets such as Ethereum require 18 years of accuracy that traditional financial systems cannot be absorbed
  • Complex accounts: Companies need FX accounts, assessments and other sports operations at unprecedented accurate levels

MION includes comprehensive functions for modern cryptocurrency operations, including the possibilities of swallowing extensive data, flexible bases engines, interactive information boards, integrated workflow management, and API connection to external system integration.

The launch comes at a time when organizational bodies around the world are developing comprehensive frameworks to oversee the encrypted currency. The FCA DP23/4 discussion paper and European Union markets in the organization of encrypted trim (MICA) emphasizes the importance of appropriate controls for protection and reconciliation for assets held on behalf of customers.

MIOT is immediately available and will be updated alongside the regular version table for Autorek to ensure customers benefit from continuous platform improvements.

About Autorek

Autorek is the pioneering provider of automatic reconciliation and financial censorship solutions, which the world’s largest financial institutions trust for more than 30 years. The company’s SAAS platform automates settlement, managing data and preparing reports through asset management, payments, insurance and banking sectors. Autorek is located in Glasgow, Scotland, with offices in New York and London. For more information, please visit www.autorek.com.

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Medium
Jessica Caningham

Jessica.cunningham@autorek.com
+44 (0) 141 406 4223

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