Introduces Mion, a Data Management and Reconnaissance System by Autorek
AutoRek, a leading provider of data management and reconciliation solutions, has unveiled Mion, a platform specifically designed to address the precision and operational challenges in the burgeoning cryptocurrency and digital asset sector [1][2].
Mion, an acronym for Mathematics of Infinity Operations, offers a host of features tailored to the unique demands of digital assets. With the ability to process numbers up to 20 digits before the decimal point and 18 digits after, Mion meets the high precision requirements of cryptocurrencies such as Ethereum, which operates at 18 decimal places [1][2].
Key features of Mion include extensive data ingestion capabilities, a flexible rules engine, and a new platform architecture built to overcome fundamental database limitations. The platform also boasts proprietary functions that ensure mathematical calculations can be processed at new levels of precision for accurate valuations, currency calculations, and data aggregation necessary for digital assets [2].
The development of Mion was sparked by a client challenge from a leading US cryptocurrency custody and infrastructure provider. The client faced issues with existing reconciliation systems that could not handle the precision requirements of crypto assets [1].
Mion enables financial institutions to maintain the same rigorous financial controls for digital assets that have long been applied to traditional financial assets. It offers scalability and performance suitable for mainstream crypto operations, ensuring accurate mathematical calculations and handling of large and precise numeric values without compromising performance or scalability [1][2].
The platform's industry-wide applicability makes it broadly applicable for custodians, infrastructure providers, and other financial institutions dealing with digital assets. It also enhances data accuracy by providing precise matching and reconciliation of transactions, account balances, ledgers, and positions, critical in avoiding errors that could arise from less precise traditional reconciliation tools [2].
The launch of Mion coincides with regulatory bodies worldwide developing comprehensive frameworks for cryptocurrency oversight. The FCA's discussion paper DP23/4 and the EU's Markets in Crypto-Assets Regulation (MiCA) both emphasize the importance of proper safeguarding and reconciliation controls for assets held on behalf of clients [1].
Superscript, one of the insurtechs leading the industry, has become a new client of AutoRek, joining the ranks of the Ardonagh Group, the UK's largest independent insurance distribution platform [1].
Mion features API connectivity for external system integration, interactive dashboards, and integrated workflow management. It will be available immediately and will be updated alongside AutoRek's regular release schedule [1]. The global market capitalization for cryptocurrency has risen from under $1 trillion at the start of 2021 to over $3 trillion in May 2025, highlighting the growing importance of solutions like Mion in the industry [1].
In summary, AutoRek Mion provides a next-generation reconciliation and data management solution tailored to the unique demands of cryptocurrency and digital asset environments, delivering unprecedented numeric precision, scalability, and comprehensive operational controls.
- The launch of Mion by AutoRek, a platform designed for the cryptocurrency and digital asset sector, aims to comply with the growing need for precision and operational control, as highlighted by the FCA's discussion paper DP23/4 and the EU's MiCA.
- With its ability to handle large, precise numeric values and provide accurate mathematical calculations, Mion ensures that financial institutions can maintain the same rigorous financial controls for digital assets as they do for traditional financial assets, enhancing business operations in the insurtech realm.
- As the global market capitalization for cryptocurrency continues to grow, technology-driven solutions like Mion are becoming increasingly important in the financial business, enabling scalability and performance suitable for mainstream crypto operations while ensuring insurtech compliance with evolving regulations.
