Case Study: LedgerX achieves automated crypto payment operations and $500k+ annual savings with Modern Treasury

LedgerX scales crypto derivatives trading with help from Modern Treasury

LedgerX, a crypto exchange and clearing platform for cryptocurrency derivatives, needed a faster, more reliable way to handle deposits, withdrawals, fee sweeps, and reconciliation across multiple bank accounts. As transaction volumes grew, manual payment operations became time-consuming and error-prone, and the team needed a solution that could support both their exchange and third-party clearing business. LedgerX used Modern Treasury Corp’s payments platform, along with Automatic Reconciliation, Counterparties, and Controls.

Modern Treasury Corp helped LedgerX automate wire and ACH payments, streamline cash reconciliation, manage approvals and bank access across 3 bank connections, and verify customer bank accounts. The implementation took 4 weeks and enabled LedgerX to launch a new clearing infrastructure business while saving more than $500,000 annually by eliminating manual payment operations.

LedgerX

Brandon Kotera

Chief Technology Officer