Case Study: Newton achieves reliable, audit-grade transaction tracking with Formance Ledger

Newton scales $10M+ daily transactions with Formance

Newton, a leading crypto exchange platform in Canada, was challenged by the rapid growth of its user base and transaction volume. Its internal ledger system could not scale to handle over $10 million in daily transactions while meeting stringent regulatory tracking requirements for over 70 assets. Needing to avoid the substantial effort of building an in-house system, the company turned to Formance for a solution.

Formance provided its ledger solution, offering a flexible account structure and deployment model that gave Newton control over its data. The implementation resulted in exceptional performance, with latency averaging 26ms p95 against a 50ms target, and achieved 100% reliability with zero downtime and no errors over a month. This provided Newton with the audit-grade traceability needed for regulators and unlocked new capabilities for future payment integration.

Newton