Formance

Bithumb’s $40B Ledger Error: The Case for Double-Entry Bookkeeping A Bithumb input error created $40B in phantom Bitcoin. What it reveals about internal ledgers—and the risk every centralized exchange shares.

In Feb 2026, a centralized exchange mistakenly credited 695 users with ~2,000 BTC each. Their internal ledger recorded an impossible state, and downstream systems treated it as real. Is your ledger safe from these errors?

www.formance.com/blog/industr...

Why Cross-Team Friction Persists in Financial Systems (And How to Fix it) Cross-team friction in financial systems is more than a communication problem. Learn how explicit money flows, ledger clarity, and auditability reduce friction.

Ever had Finance, Product, Compliance, and Engineering argue about the “same” payout flow, and all be right?

That is a sign your money flows are underspecified.

Here is how to make intent + accountability explicit:

www.formance.com/blog/financi...

What Travel Rule Compliance Looks Like in a Tokenized World If you work with cross-border payments, you need to be acquainted with the Travel Rule and prepare for stablecoin compliance.

Since 2019, moving stablecoins = same compliance as wire transfers. The catch: identity metadata on each transaction, coordinated across chains and VASPs—without banks' infrastructure.

We wrote this to clarify what compliance actually requires on-chain.

www.formance.com/blog/financi...

The Travel Rule: What Product Teams Need to Know When Money Starts Moving Learn what the travel rule requires, when it applies to payouts and transfers, and how strong data architecture helps teams meet global compliance expectations.

When you transmit funds on behalf of customers, regulators expect to see specific metadata with each qualifying transfer about the sender and the receiver.

Here’s what you needs to know about the travel rule and building compliant systems from day one.

www.formance.com/blog/financi...

The Fiat-to-Digital Asset Playbook Fiat ramps break when funds split across banking rails and blockchains. Learn how to design a Core Ledger that keeps your off-chain cash and on-chain assets in sync.

Your fiat sits in an FBO account. Your digital assets sit in an on-chain wallet. The moment you credit a user before the wire clears, you take a risk. If you rely on a simple spreadsheet, you are flying blind. You can't know whose money is settled or pending.

www.formance.com/blog/financi...

The CeDeFi Ledger Playbook CeDeFi breaks standard ledgers because digital asset balances can change without transactions. Learn how to design a Core Ledger to shadow-ledger on-chain protocols.

If you run a yield-generating platform, you aren’t just a custodian. You are a translator. You take static user deposits and translate them into dynamic on-chain positions.

We wrote the guide on designing a Core Ledger that mirrors on-chain mechanics.
www.formance.com/blog/financi...

Preparing for MiCA MiCA’s transition period is entering its final months in many EU countries. Find out what this means for CASPs and stablecoin issuers that aren’t licensed yet.

While MiCA’s transition period has already ended for some CASPs and stablecoin issuers, many are still putting together their applications and setting up the necessary infrastructure for stablecoin compliance.

www.formance.com/blog/financi...

Why Formance Became DORA Compliant Discover why Formance pursued DORA compliance early, what the process required, and how it strengthened operational resilience and trust for every customer.

Formance is now DORA compliant! Our journey strengthened our resilience, sharpened our operations, and built opportunities for deeper trust with customers. Here’s what it took and why it matters.

www.formance.com/blog/company...

The stablecoin landscape is undergoing rapid changes, largely driven by new regulatory frameworks. Don't get caught by surprise. Learn what's coming and how to get ahead with our own Thierry Coopman in this podcast with @11fs.bsky.social f

www.11fs.com/podcasts/102...

Ledger integrity isn’t optional—it’s the foundation of trust. See the six non-negotiables every NBFI must enforce in their ledgers to stay audit-ready.

www.formance.com/blog/financi...

Introducing Assets Coloring: Semi-fungible assets for funds identity Introducing assets coloring support in Numscript to tackle one of the hardest, fundamental core ledgering problems: Hidden funds lineage.

Most ledgers can tell you how much you have. Far fewer can tell you where it comes from.

If you're running a fintech, that gap isn't cosmetic. It's the difference between an audit trail and what looks like an accidental money-laundering machine.

Learn more here: www.formance.com/blog/changel...

When Is Money Really There? Understanding Transaction Finality Learn how crypto and instant payments are reshaping how finance defines transaction finality and what “final” means in practice today.

In the world of payments, finality isn’t what it used to be. Crypto, instant payments, and new settlement rails are rewriting the rules. Here’s what final means for financial systems today.

www.formance.com/blog/financi...

Formance - Structuring Invoices Platforms have a number of options for structuring their invoices, each with tradeoffs that depend on local regulations. Learn how to optimize your invoicing strategy.

If you're a platform or marketplace, how are you structuring your invoices? There's more than one way to do it, each with potential consequences you should know.

www.formance.com/blog/marketp...

Formance - How Not to Build a Financial Ledger Building a robust ledgering system is not much of an engineering challenge, but a knowledge of good accounting practices is definitely required.

If you think a ledger is just a collection of balances, this article is for you! 📒💸

www.formance.com/blog/enginee...