The following is a guest post and guest post from Thomas Pratter, Founder and CEO at Renesis.

Liquid crypto funds are having a moment. The number of actively managed vehicles keeps growing, DeFi strategies are gaining legitimacy, and regulatory clarity is slowly catching up. Institutional allocators are paying closer attention than ever.

But behind the optimism sits a less glamorous truth: most fund managers are still running their operations on duct tape.

The Spreadsheet Problem

Ask any emerging fund manager how they track their portfolio across five exchanges, three chains, and a handful of DeFi protocols. The honest answer is usually some combination of spreadsheets, custom scripts, and a lot of manual reconciliation.

This is not a…