It's all Accounting
Spending my early career in Nigerian banking and fintech taught me one crucial lesson: virtual wallets are more than just digital accounts.
The Virtual Economy Accounting Challenge
In consumer finance, I repeatedly encountered a fundamental problem: how do you track value representation and transaction activities in a virtual economy?
It's more than just checking your customer balance and their transactions.
Transaction is not just a debit or credit it's a mixture of multiple activities across all stakeholders: your wallet, the bank, your payment gateway, internal ledgers etc.
I doesn't matter how much you paid for core banking solution,you will customize build wrappers
and migrate.
My Fintech Insights
Traditional core banking systems are rigid and it's for a good reason.
Customization becomes always endup in nightmare overtime.
Tracking value flows requires complex accounting - it's all about ledgers.
Toknai: Designing Your Financial Ledgers
I built Toknai to solve the accounting complexity I witnessed in fintech. It's not just a ledger system; it's a flexible platform for designing your financial rules. My thought process was what if tokenai is the engine in which you can build all these accounting rules on?
What Makes Toknai Unique
Custom ledger design
System and treasury ledger design
Flexible accounting rules
Easy fee distribution tracking and remittance
Treasury and commission management
Real-World Accounting Flexibility
Features like:
Chained transaction flows
Webhook integrations
OpenAPI compatibility
These aren't just technical terms – they're your tools to build and scale.
My Personal Challenge to Developers
How much can you customize your financial tracking? Toknai gives you the baseline; you create it (if you need help convincing management and why you need another ledger service - better call korede@toknai.xyz )
The Promise of Simplified Accounting
No more:
Endless Java and .NET lines
Complex core banking modifications
Accounting system limitations
Just pure, adaptable financial tracking.