Northern Trust announced it has entered into an agreement with Lukka to deliver an institutional-grade digital asset reporting capability, expanding Northern Trust’s service offering to include enhanced access to digital asset data.

Founded to address complex financial challenges in the digital asset market, Lukka provides institutional-grade digital asset data infrastructure, software, and analytics designed to help organizations ingest, normalize, reconcile, and report on complex on- and off-chain activity. The firm’s platform supports institutional use cases across digital asset data management, reporting, valuation, compliance, and risk workflows.

The new capability provides clients with enhanced reporting on digital asset data, including transaction history and point-in-time balances with historical views. The service is designed to address the growing need for reliable, scalable reporting as institutional participation in digital assets accelerates.

“Clients are seeking a more streamlined and institutional approach to managing and reporting on their digital asset exposures,” said Justin Chapman, group head of Strategic Partnerships, Digital and Financial Markets at Northern Trust. “This relationship with Lukka allows us to deliver a critical capability, bringing together digital and traditional asset reporting, while continuing to build toward a more comprehensive, interoperable and connected digital asset servicing model.”

Under the agreement, Northern Trust will leverage Lukka’s data platform to support connectivity across 100+ blockchains and 400+ centralized exchange (CEX) and decentralized exchange (DEX) sources, along with custodians, OTC desks, wallets, and on-chain activity. This will enable the ingestion of wallet, balance, and transaction data while supporting scaled digital asset reporting through standardized, high-quality data aggregation and normalization across a broad ecosystem of blockchain networks and digital asset service providers.

“We are proud to support Northern Trust as it expands its digital asset servicing capabilities for institutional clients,” said Kiet Tran, CEO, Lukka. “Institutions need digital asset data that is complete, normalized, and audit-ready. Lukka’s platform brings together on- and off-chain data across wallets, blockchains, venues, and custodians, helping firms deliver consistent reporting with the controls and transparency expected in traditional finance.”

Northern Trust unifies digital and traditional market functions to support clients navigating the fast-developing digital markets and challenges of investing in digital assets, alongside allocations to more traditional asset classes.

Source: Northern Trust