NEW YORK – (BUSINESS WIRE) – October 20, 2021–
Lukka, the leading provider of enterprise crypto asset data and software, announced the acquisition of Blox Finance, the cryptocurrency accounting, tracking and management software subsidiary of Blox, an ETH staking provider and decentralized infrastructure.
Lukka acquired Blox’s crypto accounting and financial data management software business, including Blox’s blockchain node infrastructure and intellectual property. Agreement expands Lukka’s data management software footprint and increases business coverage in addition to adding more redundancy to existing data sets enabling more advanced risk processes that will support institutional clients well-established Lukka. The acquired assets will be placed under the institutional quality infrastructure of Lukka, AICPA SOC 1 Type II and SOC 2 Type II meeting the highest institutional standards.
“Acquiring Blox Finance and its node infrastructure is a natural fit for Lukka, adding to our extensive crypto data management capabilities and blockchain coverage,” said Robert Materazzi, CEO of Lukka. “This acquisition marks an exciting milestone that will help accelerate the pace of innovation for our clients as they trade on the many new crypto financial products. The collaboration with the Blox team has been amazing and we are excited to explore other opportunities in the future. “
“We couldn’t have wished for a better company to take over the Blox Finance product suite and blockchain infrastructure services. The acquisition of Lukka allows us to transfer our technology and expertise to a leader in the space ”. Said Alon Muroch, CEO of Blox. “We have no doubt that Lukka will put our infrastructure to good use and continue to provide the best Crypto back office solutions. Blox will focus on developing decentralized ETH staking solutions and building the Secret-Shared-Validator network. “
The acceleration of institutional demand for reports that affects both on-chain and off-chain data sources, such as staking and decentralized finance (DeFi), continues to drive large volumes of transactions in the ecosystem while creating complexities in the middle and back-offices of companies. . The increased regulatory scrutiny and maturation of crypto processes will force companies to adopt institutional grade data and software solutions to meet the rapid need for accounting, reconciliation and reporting capabilities for crypto assets.
Lukka will continue to develop its on-chain services to meet the needs of its institutional clients. Their clients rely on an institutional grade technological infrastructure with broad coverage across blockchains, exchanges, wallets and other places and sources of data. The acquisition will also allow the company to significantly expand data offerings for its enterprise data customers.
Lukka CEO Robert Materazzi and Blox CEO Alon Muroch are available for interviews. Please contact [email protected]
Founded in 2014, Lukka serves the largest crypto asset institutions with middle and back office data and software solutions. Lukka solves the very unique complexities of crypto (and blockchain) data for businesses so they can embrace digital assets in their businesses. Its clients include crypto asset exchanges and trading bureaus, CPAs and accounting firms, funds, fund administrators, fund auditors and financial auditors, miners, protocols, individuals and any business. that interacts with crypto transactions. All of Lukka’s products are created with institutional standards, such as the AICPA Service and Organization Controls (SOC), which focus on data quality, accuracy and completeness of financial calculations and technological risk management. Lukka is a global company, currently based in New York City. For more information on Lukka, visit https://lukka.tech/.
About Blox Finance
Founded in 2017, Blox is a crypto accounting and bookkeeping platform that empowers crypto professionals and businesses that rely on blockchain data for their business operations. Having integrated the data feeds of major blockchains and industry exchanges, blox has become a leader in scalable blockchain queries for large enterprises. The ability to provide accurate, real-time status of all assets and transaction records, across different blockchains, is what sets our service apart. Blox enables automatic synchronization of portfolios and trading accounts on a single platform, providing a complete view of balances, transactions and asset allocation. Our services include transaction classification, reporting, monitoring, collaborative workspaces and more.
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CONTACT: Ally DiGiovanni
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES DATA MANAGEMENT LEGAL INSURANCE TECHNOLOGY FINANCE CONSULTING SMALL BUSINESS BANKING ACCOUNTING PROFESSIONAL SERVICES OTHER TECHNOLOGIES SOFTWARE NETWORKS INTERNET
Copyright Business Wire 2021.
PUB: 10/20/2021 09: 00 / DISC: 10/20/2021 09:02
Copyright Business Wire 2021.