No. 16 of 25 ·Crypto Accounting Software

PennyWorks

Web · API

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Freedom report

One barScore 5.3

Free tierNo free tier on record
Open codeNo open-source code on record
Runs widely1 of 6 device platforms
DocumentedPlans, terms and facts published

PennyWorks is ranked #16 of 25 in crypto accounting software on Freedom251. It runs on API, Web.

Compared on crypto accounting software

Wallet imports: Yes
Exchange imports: Yes
Tax-lot tracking: Yes

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The record

Core product: PennyWorks provides independent, audit-ready NAV, financial statements and tax lots for funds holding digital assets.
Bookkeeping: It builds double-entry books from onchain, exchange and OTC activity, with figures traceable from reports to journal entries and transactions.
NAV and fees: Its NAV reports period flows, income, realised and unrealised gains, and management, administration and incentive fees against a high-water mark.
Delivery: NAV and reports are available by dashboard, API, file or onchain, and may be delivered as often as daily after human review.
Protocol coverage: PennyWorks says new chains or protocols are typically supported in days and offers custom parsers for bespoke or unsupported activity.
Portfolio analytics: Portfolio Analytics shows holdings, drivers of net-worth changes, risk and performance, liquidation proximity, and external lending-market opportunities.
Research limitation: The DeFi Markets matrix models current market rates at a chosen leverage and is described as neither a forecast nor advice.
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.
RWA access: The RWA due-diligence page says waitlist members get free access to the full database at launch.
Who it serves: The company describes its platform as built for DeFi investors and operators, and its NAV service as for funds holding digital assets.
Data access: PennyWorks says customers share read-only access to wallets, exchange API keys and offchain activity sources.
Security: Its privacy policy says sensitive form information is transmitted using SSL and that it has reasonable technical and organizational measures to protect personal information.
Support: The site invites prospective customers to contact the company to discuss its products.
Company: The privacy policy identifies HybridFi Inc. as the company behind PennyWorks.

Where it ranks on Freedom251

Best Crypto Accounting Software in 2026#16 of 25

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Sources

pennyworks.com/start/· checked 4 Oct 2026
pennyworks.com/products/nav/· checked 4 Oct 2026
pennyworks.com/products/portfolio-analytics/· checked 4 Oct 2026
pennyworks.com/products/rwa-due-diligence/· checked 4 Oct 2026
pennyworks.com/about-us/· checked 4 Oct 2026
pennyworks.com/privacy-policy/· checked 4 Oct 2026