Our institutional-grade products are the only AICPA SOC 1 Type II and SOC 2 Type II accredited solutions for Traditional Financial Institutions.
An absence of institutional-quality crypto asset data that can be used for business operations and portfolio/holdings valuation. Businesses require both reference data and pricing and valuation data to interact with the crypto asset ecosystem. Reference data is needed to normalize and standardize the messy data and data formatting issues that arise when extracting data or interacting with the crypto-asset ecosystem. Pricing and valuation data is required to properly value these assets in accordance with GAAP and IFRS guidelines as well as guidelines laid out by agencies and regulators such as the IRS and SEC.
IHS Markit redistributes both Lukka Reference Data and Lukka Prime Pricing Data to its institutional clients through its long-standing, institutional-quality delivery channels.
“Our partnership with Lukka will deliver financial institutions seamless access to a best-of-breed solution for Fair Market Value pricing on cryptocurrencies and other digital assets. As the demand for these innovative holdings continues to grow, this collaboration expands the strength of our comprehensive and industry-leading valuations expertise, while bringing financial markets additional transparency on complex and dynamic assets.”
Lukka powers the S&P Cryptocurrency indices with Lukka Prime; the world’s first Fair Market Value pricing and valuation for crypto assets.
Funds require benchmarks provided by trusted index calculation agents to measure and compare portfolio performance. These benchmarks must be backed by data that align to both the needs of the fund and current guidance by regulators like the SEC. Additionally, financial institutions looking to create investable products, like mutual funds and OTC derivatives, must have underlying pricing and valuation data to create, value, and settle these new investment products
Institutional-quality crypto-asset indices that utilize Lukka Prime Pricing Data, the world’s first Fair Market Value pricing and valuation data for crypto assets, with management and calculation done by S&P Dow Jones Indices, the leading provider of benchmarks and investable indices. Lukka provides Fair Market Value pricing and valuation for over 900 individual crypto assets, which S&P receives and incorporates into more than a dozen crypto-asset indices that track the performance of individual assets like Bitcoin and Ether as well as composite indices that track the performance of hundreds of crypto assets.
“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks. We’re excited to work with Lukka, who has been at the forefront of digital asset data services, to promote more transparency in this nascent sector.”
Global Head of Innovation and Strategy | S&P Dow Jones Indices