Bloomberg Adds Lukka for Fair Market Value Crypto Asset Data
Lukka, the leading institutional crypto software and data provider, announced that it will now be available through Bloomberg, in terminals and through Bloomberg’s corporate redistribution platform, B-Pipe.
Bloomberg Terminal has chosen Lukka as the first institutional provider of Fair Market Value (FMV) crypto asset data to offer to its global client base. In an increasingly scrutinized industry where standards and rules are still developing, topics such as price manipulation and data quality are in the spotlight. Lukka’s proprietary methodology provides FMV of actively traded crypto-assets, fully compliant with GAAP, IFRS, as well as IRS regulations, and is used today by auditing firms, some of the largest banks, stock exchanges, fund managers, funds, trading firms and so on. on. This methodology has been proven to solve use cases beyond just accounting – Lukka Prime reduces manipulation by using a highly transparent methodology while preserving the core characteristics and principles of FMV, such as using executed prices instead of any kind of average or model-based price.
CUK members @Lukka share exciting news like @Bloomberg adds Lukka Prime, the first institutional market capitalization provider of crypto data, on Bloomberg Terminal and B-Pipe. 🍾 🎉#crypto #ClosePrime
Full details here 👇🏽
— CryptoUK (@CryptoUKAssoc) 26 September 2022
Both Terminal (wire code LUKK) and B-Pipe Bloomberg users now have access to Lukka Prime price data for 50 cryptoassets. Lukka Prime is designed to comply with GAAP and IFRS guidelines. It allows businesses trading in crypto access to a reliable FMV even in the absence of a primary market, closing day and other traditionally required factors. Terminal users can now bring institutional-level consistency and reliability to their crypto data analysis using Lukka Prime. You can read more about the Lukka Prime methodology on the Lukka website:
“Recently, we’ve seen risk management practices across the crypto ecosystem being stress tested more and more every day.” says Robert Materazzi, CEO of Lukka. “This has forced businesses to increase their focus on operational risk management, which has highlighted the importance of data quality. Lukka Prime’s unique institutional focus on data quality is precisely why it is used by most risk-averse companies in the crypto world.”
“Our mission is to help the global institutional investor community seamlessly incorporate digital assets into their workflows in a trusted and familiar way, on the Bloomberg terminal,” said Alex Wenham, product manager for cryptocurrencies at Bloomberg. “As this market evolves, we will continue to develop our data-driven offerings to help our clients define and develop their strategies in this space.”
Source: Close
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