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PennyWorks

pennyworks.com

WebAPI
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Spec score 7.1 #18 of 25 in Crypto Accounting Software

What it is

PennyWorks provides independent valuation and accounting for funds holding digital assets, with web and API access. It builds double-entry books from onchain, exchange, and OTC activity, linking reported figures to journal entries and transactions and reconciling them against onchain snapshots. NAV reports cover period flows, income, realised and unrealised gains, plus management, administration, and incentive fees measured against a high-water mark adjusted for capital flows. NAV and reports can be delivered through a dashboard, API, file, or onchain, as often as daily after human review. Portfolio views show holdings, net-worth drivers, leverage, returns, liquidation proximity, and income by protocol, chain, or asset. A DeFi Markets view compares lending-market liquidity, utilisation, and borrow and deposit rates, and models looped yields at selected leverage; PennyWorks describes this as research rather than advice or a forecast. Its RWA diligence project uses public records and issuer materials, displays sources beside answers, and leaves gaps visible. Waitlist members are offered free database access at launch. Pricing is on request.

Spec sheet

What it does
PennyWorks provides independent valuation and accounting for digital-asset funds, building NAV, financial statements, and tax lots from transaction-level records.Read 8 Oct 2026 · pennyworks.com
Security
The privacy policy says sensitive form information is transmitted using SSL and that reasonable technical and organizational measures are implemented, while noting internet transmission cannot be guaranteed fully secure.Read 8 Oct 2026 · pennyworks.com
Support
The site invites prospective customers to contact the company to discuss its products.Read 4 Oct 2026 · pennyworks.com
Company
The privacy policy identifies HybridFi Inc. as the company behind PennyWorks.com.Read 8 Oct 2026 · pennyworks.com
Bookkeeping
It builds double-entry books from onchain, exchange and OTC activity, with figures traceable from reports to journal entries and transactions.Read 4 Oct 2026 · pennyworks.com
Core product
PennyWorks provides independent, audit-ready NAV, financial statements and tax lots for funds holding digital assets.Read 4 Oct 2026 · pennyworks.com
Data access
PennyWorks says customers share read-only access to wallets, exchange API keys and offchain activity sources.Read 4 Oct 2026 · pennyworks.com
Delivery
Reports are available through a dashboard, API, files, or onchain publication.Read 8 Oct 2026 · pennyworks.com
Fee calculations
The NAV product calculates management, administration, and incentive fees, with incentive fees measured against a high-water mark adjusted for capital flows.Read 8 Oct 2026 · pennyworks.com
Market research
The DeFi Markets view compares external lending-market liquidity, utilisation, borrow and deposit rates, and modeled looped yields; PennyWorks describes it as research, not advice or a forecast.Read 8 Oct 2026 · pennyworks.com
NAV and fees
Its NAV reports period flows, income, realised and unrealised gains, and management, administration and incentive fees against a high-water mark.Read 4 Oct 2026 · pennyworks.com
NAV frequency
NAV can be delivered as often as daily, after human review.Read 8 Oct 2026 · pennyworks.com
Portfolio analytics
Portfolio Analytics attributes net-worth changes to external flows, income, realised gains, and unrealised value changes.Read 8 Oct 2026 · pennyworks.com
Protocol coverage
PennyWorks says it supports a wide range of protocols, typically adds new chains or protocols in days, and can build custom parsers for unsupported positions.Read 8 Oct 2026 · pennyworks.com
Read-only access
Customers share wallet addresses and read-only exchange API keys; PennyWorks says its access to activity is read-only.Read 8 Oct 2026 · pennyworks.com
Reconciliation
Its books are built from onchain, exchange, and OTC activity using double-entry journal entries, then reconciled against onchain snapshots.Read 8 Oct 2026 · pennyworks.com
Research limitation
The DeFi Markets matrix models current market rates at a chosen leverage and is described as neither a forecast nor advice.Read 4 Oct 2026 · pennyworks.com
Risk analytics
Risk and performance views show leverage, returns, liquidation proximity, and income by protocol, chain, or asset.Read 8 Oct 2026 · pennyworks.com
RWA access
The RWA due-diligence page says waitlist members get free access to the full database at launch.Read 4 Oct 2026 · pennyworks.com
RWA diligence
Its RWA due-diligence project is described as early access, with free access to the full database at launch for waitlist members; each answer is shown with its source and unanswered gaps remain visible.Read 8 Oct 2026 · pennyworks.com
RWA due diligence
The RWA due-diligence product researches projects using public records and issuer-provided materials, with each answer beside its source and gaps left visible.Read 4 Oct 2026 · pennyworks.com
Who it serves
PennyWorks describes its platform as purpose-built for DeFi investors and operators, and its NAV service for funds holding digital assets.Read 8 Oct 2026 · pennyworks.com

Strong points and limits

Strong points

  • Double-entry books traceable to transactions
  • Daily NAV delivery after human review
  • Dashboard, API, file, and onchain delivery
  • Tax-lot and fee calculations included
  • Read-only wallet and exchange access

Limits

  • Pricing is available only on request
  • DeFi Markets is not advice or a forecast
  • RWA diligence is described as early access

Who it suits

It is aimed at DeFi investors and operators, especially funds needing NAV, financial statements, tax lots, and transaction-level accounting. It also suits users seeking portfolio analytics or sourced RWA diligence.

Verdict

PennyWorks focuses on audit-ready accounting and valuation for digital-asset funds, with analytics and research alongside NAV services. Its delivery options and read-only data access support operational workflows, while pricing requires contact.

Where Specifiction places it

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