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Lukka, formerly Libra, Expands Crypto Product Suite

Traders Magazine Online News, April 5, 2019

John D'Antona Jr.

Crypto asset technology and data services company, Lukka (formerly known as Libra), announced a new name to accompany the firm’s expanded technology and data products. As Lukka, the company will continue to pioneer the development of technologies that bridge the gap between the emerging crypto asset and traditional financial ecosystems.

Named after Luca Pacioli, the Renaissance-era mathematician widely known as the father of modern accounting, Lukka is modernizing the way crypto asset financial information is collected, audited and transformed into actionable information.

“As the world of cryptocurrencies evolves into crypto assets and tokenization, our solutions must also expand in their ability to make blockchain-based data work with existing business practices.” Jake Benson, Lukka CEO and Founder, said. “Under our new name, we will continue to support the proliferation of crypto assets with our market-leading middle and back office platform, ‘Lukka Crypto Office’, while expanding our efforts into new data products.”

The new and enhanced data products include:

Lukka Reference Data

Previewed in 2018, Lukka Reference Data is now live, providing validated crypto master data and mappings to support trading, operations, finance and audit functions. The service tracks and normalizes data for over 2,700 crypto assets across exchanges and blockchains, creating a golden copy of crypto reference data. The crypto master data and cross-reference is integrated directly into Lukka Crypto Office and is also available via the web and for delivery as a full dataset or daily updates. 

Lukka Pricing

Lukka Pricing is an institutional source for the valuation of crypto assets. It will offer accountants and auditors pricing data specifically designed to comply with today’s GAAP and IFRS rules. Lukka will also offer institutions the ability to create custom pricing methodologies based on their own requirements. Lukka Pricing, and the associated whitepaper, will be publicly available in April.

Benson continued, “Our mission is to fill the gap between the blockchain ecosystem and the existing enterprise ecosystem. Current back and middle office or legacy systems cannot natively support crypto assets which creates a fundamental barrier to adoption at scale. Lukka Crypto Office, with the addition of our new crypto-native reference and pricing data products, will enable institutions to seamlessly interface with the quickly evolving crypto asset ecosystem in a validated, compliant and secure manner.”

About Lukka

Founded in 2014, Lukka (formerly known as Libra) is a trusted, blockchain-native technology company that delivers leading products for the crypto asset ecosystem. Lukka’s products automate and optimize accounting, audit and tax processes for funds, fund administrators, OTC and proprietary trading firms, exchanges, miners, protocols and accounting firms. Lukka’s premier solutions enable the transformation of distributed and decentralized data into auditable information within a highly scalable and secure SOC 1 Type 2 infrastructure. Lukka is based in New York City.  For information about Lukka, visit www.lukka.tech.

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