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Case Studies:
Lukka provided technology, data, and professional services to assist in the preparation and passing of ShapeShift’s first financial audit.
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“ShapeShift could not have completed its audit without our partnership with Lukka. The Lukka team’s knowledge and continual support have made them an invaluable partner as we navigate the ever-changing crypto accounting landscape”
Justin Harris
Director of Finance | ShapeShift
ShapeShift, one of the earliest US-based crypto exchanges, was faced with its first financial audit after a few years of operation. The firm had to prepare financial statements reflecting not only their own trading/borrowing/staking/validating activities, but also the trading activity of millions of active users containing hundreds of millions of individual transactions. The firm’s transactions and balances needed to be reconciled and financial records over 3 years had to be cleaned and prepared for the auditors.
Working with Lukka’s Customer Success Team who are the world’s foremost experts in blockchain and crypto assets and leveraging Lukka Enterprise Data Management, ShapeShift was able to prepare clean records and financial statements to present to its financial auditors. Millions of transactions were reconciled and the Lukka team assisted in delivering all necessary reports requested from ShapeShift’s auditors. This resulted in the successful completion and passing of ShapeShift’s first financial audit.
Now that ShapeShift is transitioning to becoming a decentralized autonomous organization (“DAO”), Lukka will play a large part in helping them close their 2021 financials.As the hedge funds that Trident serves evolved and began trading more complex crypto assets and strategies, so did the breadth of support offered, backed by Lukka’s technology, data, and expertise. Lukka now helps Trident support crypto spot transactions, derivative transactions such as options/futures/swaps, lending, and staking activity, as well as transactions occurring on many Ethereum-based DeFi protocols. Lukka has automated reporting for Trident’s fund clients, allowing them to run their reports at any frequency needed and in any output.
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