NEW YORK--(BUSINESS WIRE)--Lukka, the leading crypto asset software and data provider, announced it has completed its Series C funding led by State Street Corporation (NYSE:STT) with participation from S&P Global (NYSE: SPGI), and CPA.com, the business and technology subsidiary of the AICPA. Lukka’s Series C investors further signify the growing importance of crypto assets in the traditional financial industry.
With this raise, Lukka will continue to expand its existing institutional grade software and data products to traditional businesses and funds as they rapidly adopt crypto assets into their businesses and portfolios. Lukka’s software and data solutions turn complex blockchain and crypto asset data into easy-to-use information so that businesses can support traditional middle and back-office operations. Lukka does this with industry-trusted technical control standards such as AICPA SOC Controls.
“We are excited to include three of Lukka’s strategic partners in our Series C. These partnerships continue to emphasize how important crypto assets have become to traditional financial services,” said Robert Materazzi, Lukka’s CEO. “Lukka has focused on building solutions with high standards that scale to the requirements of financial institutions and data providers. Our strategic partners, such as State Street, S&P Global, and CPA.com all play critical roles in the financial ecosystem that Lukka is proud to support.”
“State Street is pleased to partner with Lukka as we progress our broader digital asset strategy,” said Jen Tribush, Global Head of Alternatives Product for State Street. “We are continually looking for opportunities to evolve our business and develop solutions based on our clients’ needs, and found that Lukka brings an institutional mindset to their technology solutions that can serve as a conduit for crypto and traditional assets.”
Dean Sakati, Global Head of Product Innovation and Business Development for State Street added, “Our partnership with Lukka underscores our firm’s broader commitment to innovation as our institutional clients adopt digital assets.”
This announcement follows the recent news of Lukka supporting S&P Dow Jones Indices in the launch of crypto asset indexing and benchmarking solutions. Notably, this year Lukka has also partnered with IHS Markit and dxFeed for redistribution of their data products: Lukka Reference Data and Lukka Prime, the world’s first fair market value pricing methodology for crypto assets. In 2019, Lukka became a preferred partner of CPA.com, bringing to market LukkaTax for Professionals, a software solution to assist tax professionals in serving clients that have crypto asset tax obligations. Lukka is recognized as the leading institutional-grade software and data service provider for crypto assets.
For more information, please visit: https://lukka.tech
About Lukka
Founded in 2014, Lukka serves the largest digital asset institutions with middle and back office software & data solutions. Lukka bridges the gap between the complexities of blockchain data and traditional business needs. Its customers include Digital Asset Exchanges and Trading desks; CPA & Accounting Firms, Fund and Financial Auditors, Fund Administrators, Miners, Protocols, individuals and more. All of Lukka’s products are created with institutional standards, such as AICPA SOC Controls, which focus on accuracy and completeness. Lukka is based in New York City. For information about Lukka, visit https://lukka.tech/
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $36.6 trillion in assets under custody and/or administration and $3.1 trillion* in assets under management as of September 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of September 30, 2020 includes approximately $81 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
About S&P Global
S&P Global (NYSE: SPGI) is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. We've been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. Our divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. For more information, visit www.spglobal.com.
About CPA.com
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus.
Our company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners.
A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.