Lukka Partners with IHS Markit to Deliver Institutional-Grade Crypto Data Solutions

Lukka Partners with IHS Markit to Deliver Institutional-Grade Crypto Data Solutions

Lukka, a leading provider of crypto asset software and data solutions, has announced a partnership with global business information provider IHS Markit to deliver high-quality blockchain and digital asset data products. These offerings include Lukka Prime and Lukka Reference Data, integrated into IHS Markit’s Pricing, Valuations, and Reference Data services. This collaboration aims to equip financial institutions with the tools they need to seamlessly adopt cryptocurrencies and digital assets while maintaining regulatory compliance.

Empowering Institutional Adoption of Digital Assets

As the cryptocurrency ecosystem matures, institutional interest in digital assets has surged. Traditional funds and businesses are increasingly integrating cryptocurrencies into their portfolios. The partnership between Lukka and IHS Markit addresses the complexities of crypto asset management by offering institutional-grade data solutions to ensure transparency, compliance, and efficiency.

Robert Materazzi, CEO of Lukka, emphasized the transformative nature of crypto adoption:

“Crypto is here. Any business only talking about it in innovation labs is going to miss enormous opportunities. With limited oversight for over a decade, data quality is vital for vendor selection. Our partnership with IHS Markit offers institutional-quality data services to the world as it adopts crypto.”

Key Offerings: Lukka Prime and Reference Data

Lukka Prime

Lukka Prime is the world’s first Fair Market Value (FMV)-based pricing service for digital assets. Its proprietary methodology aligns with SEC guidelines, addressing fund valuation concerns by emphasizing executed prices instead of volume-weighted average prices (VWAPs). Prime serves as an independent pricing source, ensuring fund managers meet SEC requirements for transparent pricing validation.

Lukka Reference Data

The Lukka Reference Data suite is a comprehensive library of over:

• 6,000 digital assets
• 27,000 derivative ticker symbols
• Tens of thousands of trading pair symbols

This dataset eliminates data consistency issues often encountered in the distributed digital asset ecosystem. It features the Lukka ID (LID), a standardized identifier equivalent to traditional financial market tools like ISINs or CUSIPs.

Enhancing Transparency with IHS Markit

IHS Markit is renowned for its expertise in pricing, valuations, and reference data, offering solutions across fixed income, credit, derivatives, and other asset classes. By integrating Lukka’s crypto data solutions, IHS Markit enhances its ability to deliver:

• Fair Market Value pricing for cryptocurrencies
• Independent evaluations for complex digital assets
• Improved transparency for financial markets

Tasha Gonska, Head of Americas Business Development at IHS Markit, stated:

“Our partnership with Lukka delivers seamless access to best-in-class Fair Market Value pricing for cryptocurrencies. This collaboration enhances our comprehensive valuations expertise while providing financial markets with greater transparency on dynamic assets.”

Driving Innovation in Digital Asset Management

Addressing Regulatory Compliance

With the growing scrutiny of digital asset valuations, Lukka’s offerings directly address the SEC’s recent guidance. The tools ensure compliance with evolving regulations by providing precise pricing data and independent validation mechanisms.

Streamlining Adoption for Traditional Funds

Lukka and IHS Markit’s solutions make it easier for traditional financial institutions to incorporate crypto into their portfolios. By leveraging trusted data services, funds can confidently navigate the complexities of the digital asset ecosystem.

Conclusion: Paving the Way for Institutional Crypto Adoption

The partnership between Lukka and IHS Markit marks a significant milestone in the evolution of cryptocurrency adoption among traditional financial institutions. By offering trusted, high-quality data services, the collaboration removes barriers to entry for funds seeking to embrace digital assets while ensuring regulatory compliance.

As cryptocurrencies become a staple of institutional portfolios, the innovative solutions provided by Lukka and IHS Markit will play a pivotal role in shaping the future of digital asset management and transparency.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.