Key Takeaways
- • Northern Trust has entered into an agreement with Lukka to deliver institutional-grade digital asset reporting capabilities, expanding the firm's digital asset service offerings to institutional clients.
- • The partnership enables connectivity across 100+ blockchains and 400+ centralized and decentralized exchange sources, along with custodians, OTC desks, wallets, and on-chain activity monitoring.
- • The new capability provides clients with enhanced reporting on digital asset data, including transaction history and point-in-time balances with historical views—addressing growing institutional demand for reliable, scalable digital asset reporting infrastructure.
- • Lukka's platform supports institutional use cases across digital asset data management, reporting, valuation, compliance, and risk workflows, designed to help organizations ingest, normalize, reconcile, and report on complex on- and off-chain activity.
- • The service consolidates digital and traditional asset reporting, advancing Northern Trust's strategy toward building a comprehensive, interoperable, and connected digital asset servicing model for institutional investors.
Summary
Northern Trust (Nasdaq: NTRS) has formalized a partnership with Lukka, a digital asset data infrastructure provider, to enhance institutional digital asset reporting and expand its service capabilities for institutional clients managing digital asset exposures. The agreement marks Northern Trust's continued investment in digital asset servicing as institutional participation in the asset class accelerates.
Lukka was founded to address complex financial challenges specific to the digital asset market and provides institutional-grade data infrastructure, software, and analytics designed to help organizations manage, normalize, reconcile, and report on complex blockchain and exchange activity. The platform supports multiple institutional use cases, including digital asset data management, reporting, valuation, compliance, and risk workflows—critical functions for institutional asset owners evaluating and monitoring digital asset positions.
The new reporting capability delivers several key functions to institutional clients: enhanced reporting on digital asset data with detailed transaction history, point-in-time balances with historical views, and connectivity across a broad infrastructure layer. Specifically, the partnership enables access to data from 100+ blockchains and 400+ centralized exchange (CEX) and decentralized exchange (DEX) sources, along with custodians, OTC desks, wallets, and on-chain activity. This scope of connectivity addresses a critical infrastructure gap for institutional investors seeking integrated reporting across fragmented digital asset market venues.
According to Justin Chapman, group head of Strategic Partnerships, Digital and Financial Markets at Northern Trust, "Clients are seeking a more streamlined and institutional approach to managing and reporting on their digital asset exposures. 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." The partnership reflects industry recognition that institutional adoption of digital assets requires audit-ready reporting infrastructure and consolidated visibility across both on-chain and off-chain sources—capabilities that were previously fragmented across multiple vendors.
Lukka was founded to address complex financial challenges specific to the digital asset market and provides institutional-grade data infrastructure, software, and analytics designed to help organizations manage, normalize, reconcile, and report on complex blockchain and exchange activity. The platform supports multiple institutional use cases, including digital asset data management, reporting, valuation, compliance, and risk workflows—critical functions for institutional asset owners evaluating and monitoring digital asset positions.
The new reporting capability delivers several key functions to institutional clients: enhanced reporting on digital asset data with detailed transaction history, point-in-time balances with historical views, and connectivity across a broad infrastructure layer. Specifically, the partnership enables access to data from 100+ blockchains and 400+ centralized exchange (CEX) and decentralized exchange (DEX) sources, along with custodians, OTC desks, wallets, and on-chain activity. This scope of connectivity addresses a critical infrastructure gap for institutional investors seeking integrated reporting across fragmented digital asset market venues.
According to Justin Chapman, group head of Strategic Partnerships, Digital and Financial Markets at Northern Trust, "Clients are seeking a more streamlined and institutional approach to managing and reporting on their digital asset exposures. 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." The partnership reflects industry recognition that institutional adoption of digital assets requires audit-ready reporting infrastructure and consolidated visibility across both on-chain and off-chain sources—capabilities that were previously fragmented across multiple vendors.
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