Bloomberg Adds Lukka for Fair Market Value Crypto Asset Data

Lukka, a leading institutional crypto software and data provider, announced that it will now be available through Bloomberg, in Terminals and through Bloomberg’s enterprise redistribution platform, B-Pipe. The Bloomberg Terminal has chosen Lukka as the first institutional provider of Fair Market Value (FMV) crypto asset data to offer to its global customer 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 compatible with GAAP, IFRS, as well as IRS rules, and today is used by audit firms, some of the biggest banks, exchanges, fund administrators, funds, trading firms and so on. This methodology has proven to solve use cases beyond just accounting – Lukka Prime mitigates manipulation through the application of a very transparent methodology while preserving the core characteristics and principles of FMV, such as using executed prices instead of any form of an average or model-based price. Both Terminal (wire code LUKK) and B-Pipe Bloomberg users now have access to Lukka Prime pricing data for 50 crypto assets.  Lukka Prime is designed to align 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 necessary factors. Terminal users can now bring institutional level consistency and reliability to their crypto data analysis by using Lukka Prime.