AutoRek has launched Mion, a new data management and reconciliation platform designed to support operations involving cryptocurrency and digital assets.
According to the company, Mion’s architecture has been built to meet the precision and scale required for digital asset transactions, capable of processing up to 20 digits before and 18 digits after the decimal point.
The platform is aimed at helping firms to manage large volumes of complex data with greater accuracy across their digital finance operations.
“When our client came to us with their challenge, it became clear that this wasn’t just one client’s problem – it was an industry-wide issue that needed solving,” said Chris Livesey, CEO of AutoRek.
“Traditional reconciliation systems simply cannot handle the precision requirements of these assets.
“Mion solves this fundamental problem, enabling institutions to maintain the same rigorous financial controls for crypto that they’ve relied on for traditional assets for decades,” added Livesey.
Mion was created in response to the client’s specific issue, which flagged the demand for a solution that improves precision.
“The challenge wasn’t just about displaying more decimal places, we had to create custom code to overcome fundamental database technology limitations,” said Jim Sadler, chief product, technology and operations officer at AutoRek.
AutoRek’s move reflects growing demand for new, robust infrastructure capable of bridging an operational divide between traditional finance and emerging digital asset ecosystems.
