How Trillion Digital Closed Its Books in 24 Hours While Processing $5B in Annual Trading Volume

Trillion Digital is a crypto-native OTC trading firm based in Miami, Florida. Founded in 2022, the company serves institutional counterparties across the Americas, from family offices and corporate treasuries to financial institutions. In under four years, they've processed over $10 billion in cumulative trading volume. On any given day, their three-person accounting team is responsible for reconciling hundreds of millions of dollars in spot trades across multiple entities, currencies, and banking partners. They run lean by design. That only works if the back office can keep up.

The Problem

A crypto trading firm operates at a pace that breaks traditional accounting workflows. 

On the high touch desk, Trillion could execute 50 to 100 block trades in a single day, each clearing in 25 minutes end to end across 16 trading venues, multiple banking partners, FX conversions, and auto-hedging steps. On the electronic side, it could be hundreds of thousands of micro-transactions, all executed without human intervention.

For each of those trades to be properly booked, the accounting team had to keep pace in near real-time. "Using Excel for some of these tools is no longer viable," said Daniel Burz, co-founder and CEO. "By the time you export an Excel sheet and format it, you already have a pipeline of another set of data. It's prone to human error. And it extends the gap of days it takes to reconcile."

The gap mattered for two reasons. First, as a riskless principal, any inaccurate position on a client ledger exposed the firm to financial risk. Second, as a US-regulated money service business, Trillion had hard reporting requirements it couldn't miss.

Their previous mid-market ERP couldn't handle multi-entity, multi-currency consolidation without manual journal entries. Cross-entity FX transactions had to be simulated rather than recorded directly. Bank connectivity required exporting CSV files from online portals, reformatting them, and bulk-uploading them into the system. "The last thing you want is manual procedures to update your banking ledgers," Burz said.

At year-end 2023, the problem came to a head. Trillion had to hire an external accounting firm to close the books and prepare for their financial audit. The implementation of that original ERP had taken four months and cost over $60,000 in outside consultants just to get running. By the time renewal came around, "it was almost like a joke across the company that nobody was satisfied with the product."

The Solution

An ERP built to be automated, backed by a team that actually solves problems

Trillion moved to DualEntry and was live within a week and a half. Three years of transactional history migrated from the legacy system. Reconciliation of that imported history took a couple of days.

The migration was guided by DualEntry's in-house CPAs rather than third-party implementation vendors. "It was very helpful to have firsthand experience from CPAs that know the DualEntry system from the inside out," Burz said. "Not someone pointing you to an external vendor that's not aligned with getting you integrated as fast as possible."

Key capabilities that resolved Trillion's specific pain points:

• Automated bank match: reconciles thousands of daily transactions without manual CSV exports. "We've reduced that to almost none with DualEntry."
• Real-time banking dashboards: Plaid and multi-aggregator integrations pull live balance data across Trillion's full banking stack.
• Multi-entity, multi-currency support: cross-entity FX transactions are recorded directly, not simulated with manual journal entries.
• Native Ramp integration: two-way sync eliminates duplicate vendor records and removes the CSV-export-reformat-reimport cycle entirely
• AI-assisted categorization and reporting:  the team can ask the system a plain-language question ("How much revenue did we make on this date?") and get a report back immediately. "That just goes to show what happens when you mix the power of AI with an ERP system."
• Pivot tables built into the ledger: breaks down large data sets into visual representations without leaving the platform.

‍

Results

The before-and-after is direct.

In 2023, Trillion closed its books 15 days after month end and needed an external accounting firm for year-end close. In 2024, the same three-person internal team closed the books within 24 hours of day end, every day, and handled year-end close entirely in-house, without outside help.

The team has saved multiple hours a week on reconciliation work, freeing up capacity to focus on KPIs and financial analysis rather than data wrangling. Burz, who used to get into the accounting weeds himself in the early days, no longer has to.

With 15 connected integrations out of 30 mapped, and more coming in weeks, Trillion is still expanding the scope of what DualEntry handles. "There is really no other accounting tool out there that can move at that speed. In accounting terms, we look at systems that have been stale for years with no new features. With DualEntry, we see attention to detail, integrations that work off the bat, and the ability to focus on our core business."

‍