The crypto asset technology and data services company formerly known as Libra has rebranded as Lukka, while releasing two new products.
As Libra, the company quickly established itself throughout the fund administration industry in 2018, working with at least a dozen as interest in digital assets continued to grow.
In November 2018, the company also announced it would be supporting Circle’s global OTC trading operation with automated post-trade processing, as well as the independent reconciliation of data between Circle Trade and its trading and banking partners.
According to a statement, Lukka was named after Luca Pacioli, the Renaissance-era mathematician widely known as the father of modern accounting.
“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,” said Jake Benson, Lukka CEO and founder. “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 services Lukka will be launching under the new branding are Reference Data and Preview of Pricing products.
The former will provide crypto master data and mappings to support trading, operations, finance and audit functions, tracking and normalising data for over 2,700 crypto assets across exchanges and blockchains, creating a golden copy of crypto reference data.
According to the firm, Lukka Pricing is an institutional source for the valuation of crypto assets.
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.”