PennyWorks

Paid APIWeb

What PennyWorks is

PennyWorks provides independent valuation and accounting for funds holding digital assets. It turns onchain, exchange and over-the-counter activity into double-entry books, financial statements, NAV reports and tax lots. Figures can be traced from reports through journal entries to transactions, and books are reconciled 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. Reports are available through a dashboard, API, file or onchain, and may be delivered as often as daily after human review.

Portfolio Analytics presents holdings, net-worth drivers, risk and performance, liquidation proximity, and income by protocol, chain or asset. The DeFi Markets view compares lending-market liquidity, utilisation and rates, and models looped yields at a chosen leverage; PennyWorks describes this as research rather than a forecast or advice. Its RWA due-diligence project uses public records and issuer materials, showing answers alongside sources and leaving gaps visible. The project is described as early access, with waitlist members offered free access to the full database at launch. Customers share read-only wallet and exchange activity access. PennyWorks serves DeFi investors and operators, while its NAV service is for digital-asset funds.

Who it suits

PennyWorks suits digital-asset funds that need NAV, financial statements, tax lots and transaction-level accounting. Its analytics and DeFi Markets views may also suit DeFi investors and operators assessing holdings, risk, lending markets and modeled yields.

What it does well

Builds double-entry books from onchain, exchange and OTC activity.
Reports can be delivered as often as daily after human review.
NAV covers gains, income, flows and several fee types.
Analytics include leverage, liquidation proximity and income by protocol, chain or asset.
RWA research shows sources and leaves unanswered gaps visible.

What to know first

Pricing is available on request.
Customers must share wallet, exchange and offchain activity sources.
RWA due diligence is described as early access.

Getting started

Contact PennyWorks to discuss its products.
Share read-only wallet access, exchange API keys and offchain activity sources.
Choose report delivery through dashboard, API, file or onchain.
For RWA due diligence, join the waitlist for free access to the full database at launch.

Verdict

Consider PennyWorks if your fund needs digital-asset NAV and accounting built from transaction-level records, or if you want its portfolio analytics. Look elsewhere if you need a published price; the RWA due-diligence project is described as early access.

Questions

How much does PennyWorks cost?

Pricing is available on request.

Who is PennyWorks for?

The company describes its platform as built for DeFi investors and operators, and its NAV service as for funds holding digital assets.

What does the NAV service provide?

It produces NAV, financial statements and tax lots from onchain, exchange and OTC activity. Reports include flows, income, realised and unrealised gains, and management, administration and incentive fees.

How often can NAV reports be delivered?

They may be delivered as often as daily after human review.

What access does PennyWorks need?

Customers share read-only wallet access, exchange API keys and offchain activity sources.

Is the RWA due-diligence database available?

The project is described as early access. Waitlist members are offered free access to the full database at launch.

Facts from PennyWorks's own pages

Bookkeeping: It builds double-entry books from onchain, exchange and OTC activity, with figures traceable from reports to journal entries and transactions. · pennyworks.com, 4 Oct 2026
Company: The privacy policy identifies HybridFi Inc. as the company behind PennyWorks.com. · pennyworks.com, 8 Oct 2026
Core product: PennyWorks provides independent, audit-ready NAV, financial statements and tax lots for funds holding digital assets. · pennyworks.com, 4 Oct 2026
Data access: PennyWorks says customers share read-only access to wallets, exchange API keys and offchain activity sources. · pennyworks.com, 4 Oct 2026
Delivery: Reports are available through a dashboard, API, files, or onchain publication. · pennyworks.com, 8 Oct 2026
Fee calculations: The NAV product calculates management, administration, and incentive fees, with incentive fees measured against a high-water mark adjusted for capital flows. · pennyworks.com, 8 Oct 2026
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. · pennyworks.com, 8 Oct 2026
NAV and fees: Its NAV reports period flows, income, realised and unrealised gains, and management, administration and incentive fees against a high-water mark. · pennyworks.com, 4 Oct 2026
NAV frequency: NAV can be delivered as often as daily, after human review. · pennyworks.com, 8 Oct 2026
Portfolio analytics: Portfolio Analytics attributes net-worth changes to external flows, income, realised gains, and unrealised value changes. · pennyworks.com, 8 Oct 2026
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. · pennyworks.com, 8 Oct 2026
Read-only access: Customers share wallet addresses and read-only exchange API keys; PennyWorks says its access to activity is read-only. · pennyworks.com, 8 Oct 2026
Reconciliation: Its books are built from onchain, exchange, and OTC activity using double-entry journal entries, then reconciled against onchain snapshots. · pennyworks.com, 8 Oct 2026
Research limitation: The DeFi Markets matrix models current market rates at a chosen leverage and is described as neither a forecast nor advice. · pennyworks.com, 4 Oct 2026
Risk analytics: Risk and performance views show leverage, returns, liquidation proximity, and income by protocol, chain, or asset. · pennyworks.com, 8 Oct 2026
RWA access: The RWA due-diligence page says waitlist members get free access to the full database at launch. · pennyworks.com, 4 Oct 2026
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. · pennyworks.com, 8 Oct 2026
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. · pennyworks.com, 4 Oct 2026
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. · pennyworks.com, 8 Oct 2026
Support: The site invites prospective customers to contact the company to discuss its products. · pennyworks.com, 4 Oct 2026
What it does: PennyWorks provides independent valuation and accounting for digital-asset funds, building NAV, financial statements, and tax lots from transaction-level records. · pennyworks.com, 8 Oct 2026
Who it serves: PennyWorks describes its platform as purpose-built for DeFi investors and operators, and its NAV service for funds holding digital assets. · pennyworks.com, 8 Oct 2026

Where PennyWorks stands on Freedom251

Crypto Accounting Software#22 of 25