Lukka, the provider of the S&P Dow Jones index of bitcoin (BTC) and other cryptocurrencies, raised USD 53 million in a round of financing, as reported in a statement on March 25.
In the document, Lukka states that, with the financing, he hopes to continue to innovate and “add additional product features to help his clients with derivatives, DeFi products and other attractive developments in the cryptocurrency ecosystem, while preserving transparency and integrity. ».
Soros Fund Management, S&P Global and CPA.com participated in the financing. In December 2020, the firm had made another collection led by State Street Corporation.
Lukka says he serves more than 200 bitcoin and other crypto funds and has helped companies like ShapeShift and other major digital asset exchanges.
The firm Lukka and S&P Dow Jones (S&P DJI) partnered last year to launch a financial product focused on cryptocurrencies, as reported by CriptoNoticias.
S&P DJI stated that its cryptocurrency index is based on data from the Lukka company, which gives S&P clients the ability to access custom indices and establish comparative analysis of the behavior of various cryptocurrencies.
Lukka CEO Robert Materazzi said that “innovation in the crypto ecosystem exposed traditional finance to a new way of exchanging assets around the world.”
In this sense, they consider that finance and other intermediate and administrative operations “may lag behind in terms of driving revenue and growth, which can quickly lead to very challenging and costly data problems,” explained the executive.