dxFeed, Lukka Partner To Deliver Institutional-Grade Crypto Data To Traditional Finance

Financial industry data solutions provider dxFeed has announced a strategic partnership with blockchain-native software and data services company Lukka.

Launched in 2008, dxFeed is a market data vendor and a subsidiary of Devexperts, a leading provider of software solutions for the Capital Markets industry. The firm delivers financial markets information, data services, analytics and custom data solutions to buy-side and sell-side institutions of the global financial industry, specifically to brokers, traders, data analysts, quants, funds, and portfolio managers.

Founded in 2014, Lukka is a blockchain-native software and data services company that delivers products for the crypto asset ecosystem. Its products automate and optimize accounting, audit, and tax processes for consumers, investors, 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 / SOC 2 Type 2 infrastructure.

Through this partnership, dxFeed and Lukka will offer investors and businesses with the high quality data they are accustomed to, as traditional players look to add digital assets to existing investment portfolios.

The first offering added to dxFeed is Lukka Reference Data, a comprehensive security master of ticker and pair data for crypto tokens and derivatives. The product also includes mappings to over 90 trading venues and covers many thousands of digital assets. This will allow customers to accelerate their entry into the digital asset industry, while reducing the operational costs by automatically maintaining and updating the data on a daily basis.

The second offering, Lukka Prime, is the world’s first Fair Market Value (FMV)-based pricing service for digital assets. Lukka Prime is specifically designed to align to GAAP and IFRS guidelines by providing fiat values for crypto balances based on an executed price from a suggested principal market. Lukka Reference Data and Lukka Prime are now available via the full scope of dxFeed data services in real-time and historical access modes.

“We are thrilled to partner with a global data leader such as dxFeed to redistribute Lukka’s data products as the traditional financial services world intersects with the digital assets industry,” said Robert Materazzi, Co-CEO of Lukka. “As businesses and investors continue to evaluate and grow their trading and investing to include digital assets, we’re focused on giving them products that have standards that they can trust.”

Oleg Solodukhin, CEO of dxFeed, said that with major industry players entering the crypto market, overall non-stop development of the sector and volatile conditions with new assets emerging every day, certified reliable reference data and pricing solutions are becoming an essential need.

“Lukka is the trusted and certified source that puts all that information in order,” Solodukhin said. “We are excited to bring quality data from Lukka to our customers within the full scope of data services that we deploy to support trading, operations, finance, and audit for our customers with our trademark quality of service.”

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