SFOX

What is sFOX?

sFOX is an institutional-grade crypto prime dealer founded in 2015, offering deep liquidity, advanced execution, and integrated prime brokerage services. It aggregates liquidity from over 30 global exchanges and OTC desks, delivering low-slippage pricing, smart routing across venues, and scalable infrastructure for hedge funds, institutional investors, and advanced trading teams :contentReference[oaicite:3]{index=3}.

The platform supports algorithmic trading with multiple smart-order types, managed accounts, and insured custody via its sFOX SAFE product. It combines trading, custody, and settlement workflows in a unified, compliance-ready environment—helping users manage digital assets securely and efficiently :contentReference[oaicite:4]{index=4}.

Key Features of sFOX

• Integrated Prime Brokerage: Act as central counterparty—clients trade across multiple venues with settlement consolidated on sFOX, reducing counterparty risk and technical complexity :contentReference[oaicite:5]{index=5}.
• Smart Order Routing & Algorithms: Offers nine advanced order types (RFQ, icebergs, etc.) to minimize market impact and slippage :contentReference[oaicite:6]{index=6}.
• Deep Global Liquidity: Aggregates across 30+ venues, including exchanges and OTC desks, providing tight execution and price improvements :contentReference[oaicite:7]{index=7}.
• SAFE Custody Option: Fully-insured, regulated custody via Wyoming’s SAFE Trust Co.—free for accounts up to $250K and integrated with instant settlement capabilities :contentReference[oaicite:8]{index=8}.
• Instant Post-Trade Settlement: Trades are settled immediately (typically within 10–15 minutes on-chain), since sFOX is the execution counterparty :contentReference[oaicite:9]{index=9}.

Why It Matters for Accounting Teams

Integrating sFOX with Cryptoworth’s accounting platform transforms trade and custody data into structured, audit-ready reports:

• Cost Basis & Inventory Tracking: Trade transactions—timestamped and price-tagged—feed into Cryptoworth for accurate Weighted Average Cost (WAC) and inventory calculations.
• Unrealized Gain/Loss & Impairment: Real-time pricing from prime-executed trades supports continuous P/L evaluation and impairment testing under accounting standards :contentReference[oaicite:10]{index=10}.
• Settlement Reconciliation: Immediate on-chain settlement via sFOX SAFE allows seamless reconciliation between trades and wallet positions.
• Custody Reporting: SAFE custody balances and trade workflows appear in Cryptoworth with metadata, improving internal control and audit traceability.
• Journal Entry Automation: Structured transaction feeds convert into journal entries compatible with QuickBooks, NetSuite, Xero, Sage, and others :contentReference[oaicite:11]{index=11}.

Security, Compliance & Support

• SOC 2 Compliance and 99.99% Uptime: Institutional-grade service with robust operational controls :contentReference[oaicite:12]{index=12}.
• Regulated U.S. Prime Dealer: Centralized, compliant platform avoiding decentralized exchange and OTC risk :contentReference[oaicite:13]{index=13}.
• Dedicated Client Support: Access to trading desk, execution team, and post-trade analytics—including counterparty risk and slippage breakdowns :contentReference[oaicite:14]{index=14}.

Frequently Asked Questions

1. Can Cryptoworth calculate cost basis from sFOX trades?

Yes. sFOX provides detailed trade execution records (including timestamps, price, and token info) that feed directly into Cryptoworth’s cost basis engine. Use our Crypto Cost‑Basis Calculator to automate WAC and journal entries.

2. What is the benefit of using sFOX SAFE custody?

sFOX SAFE offers insurance-backed custody with instant settlement capacity. Integrated with Cryptoworth, this ensures custody balances and trades reconcile automatically and appear in compliance-ready reports.

3. How does real-time trade settlement affect accounting?

Since sFOX clears and settles trades immediately, finance teams can skip delayed settlement reconciliation. Cryptoworth receives post-trade data in near real time, reducing booking errors and accelerating month-end close.

4. Does Cryptoworth support unrealized P/L from sFOX?

Absolutely. Cryptoworth pulls pricing data from sFOX and other sources to run continuous unrealized gain/loss calculations, supporting depreciation and impairment monitoring under GAAP or IFRS.