Irina Berkon, CFO of Metallicus, made a compelling case for the enduring relevance of blockchain and cryptocurrency in corporate finance, urging financial leaders to look beyond the current AI frenzy and recognize the tangible progress in crypto infrastructure.
From her experience at Metallicus, a company that develops blockchain solutions and integrates them into its treasury operations, Berkon emphasized the technology’s practical applications. “We use blockchain for multi-layered control in treasury management,” she said in a recent interview, describing a recent transaction where a multi-signature wallet ensured secure fund transfers through layered approvals. “No single person can move assets independently, enhancing security and preventing reconciliation issues.”
Berkon highlighted how Metallicus manages its crypto-heavy balance sheet, treating volatile assets with the same rigor as traditional companies. “We monitor the market closely, but our forecasting is driven by customer needs,” she explained, noting that the company’s B2B software model serves financial institutions like credit unions and community banks. Investment decisions, made jointly with CEO Marshall Hayner and the board, reflect Metallicus’ deep understanding of the crypto market.
Addressing the shift from blockchain’s hype-driven past to today’s more mature landscape, Berkon noted a surge in interest from financial institutions. “The regulatory environment is improving, and the tone from regulators is more supportive,” she said. “The shakeout of less serious players has left credible partners ready to deliver.” This shift has enabled banks and credit unions to explore blockchain with greater confidence.
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Berkon’s journey into crypto began serendipitously in 2018 on San Francisco’s Embarcadero, where a chance encounter led to her first CFO role with a startup planning an initial coin offering. By 2020, she joined Metallicus, drawn by its commitment to compliance and legitimacy in a then-chaotic industry. “We’re building real infrastructure now,” she said, noting the company’s work with major financial institutions and its ties to the Dogecoin Foundation.
On the accounting talent pipeline, Berkon stressed the need for discipline and experience. “No serious company hires a CFO without a strong foundation,” she said, reflecting on her public accounting background at Grant Thornton. She urged firms to inspire young accountants by showcasing career opportunities and providing early exposure to high-level industry interactions.
Metallicus’ focus on compliance and practical blockchain applications positions it as a leader in the evolving crypto space, with Berkon advocating for its potential to transform treasury management and beyond.
