Solutions
Use Cases
Success case Manteca
Manteca unifies fiat and crypto in one control model with Simetrik
From fragmented reconciliations to a regulatory-compliant balance sheet close in Argentina
≈0
consolidated post-reconciliation difference
100%
of fiat and crypto flows reconciled
0 FTEs
additional resources to scale
About Manteca
Manteca operates in Argentina with a hybrid financial model combining banks, PSPs, ALyCs (Broker-dealers), and crypto operations across multiple blockchains. With three active banks, two PSPs, and multiple blockchains, its ecosystem complexity required a reconciliation model capable of unifying fiat and crypto under a single control framework.
Manteca's Challenge
During its growth, Manteca faced a structural challenge: the financial complexity of a hybrid fiat-crypto ecosystem was growing exponentially, with each blockchain functioning as an independent account.
Multiple banks and PSPs
Three banks, two PSPs, and ALyCs generated parallel flows hard to consolidate.
Crypto across multiple blockchains
Each blockchain was an independent account, exponentially multiplying required reconciliations.
Inability to scale manually
The model relied on constant human intervention, unfeasible to sustain growth.
Regulatory risk in Argentina
Balance sheet must close by April 30. Missing deadlines may trigger regulatory findings.
Results achieved
Manteca achieved a consistent balance sheet close, eliminated differences, and regulatory compliance.
Before Simetrik
- Fragmented reconciliation across banks, PSPs, and blockchains
- Each blockchain functioned as a separate account
- Manual process dependent on people and spreadsheets
- Close under operational pressure and risk of inconsistencies
After Simetrik
- Unified model: fiat, sub-accounts, exchanges, and on-chain
- Monthly reconciliation feasible and traceable across blockchains
- Consolidated difference near zero at monthly close
- Greater confidence in close and information for third parties
How was it solved?
Manteca implemented an end-to-end reconciliation model that unifies fiat and crypto under a single control framework. Banks, PSPs, exchanges, and on-chain operations are consolidated in one platform, achieving monthly close with differences eliminated.
How the solution was structured
Manteca combines banks, PSPs, ALyCs, and blockchains in an ecosystem where each source has its own logic. Simetrik structured control across 5 domains, unifying fiat and crypto.
Cash In
Unified fiat and crypto inflows
Consolidation of incoming flows: bank deposits, PSP settlements, ALyC transfers, and on-chain funds.
Cash out
Outflows and payment operations
Control over payments, transfers, PSP withdrawals, and wallet-to-exchange movements with full traceability.
Accounting Operations
Integrated monthly financial close
Automation of the monthly close consolidating fiat and crypto flows into one accounting model with near-zero difference.
Reporting & Regulations
Regulatory compliance
Audit-ready evidence and reports to meet Argentine regulatory and banking requirements.
Unified Oversight & Alerts
Cross-blockchain monitoring
Early detection of inconsistencies across blockchains, bank sub-accounts, and exchanges before close.
