Key Takeaways
- • Northern Trust has partnered with Lukka to aggregate digital asset data across 100+ blockchains and 400+ centralized and decentralized exchanges, enabling institutional-grade reporting and custody capabilities for digital assets.
- • The partnership addresses institutional demand for streamlined, scalable digital asset reporting that integrates transaction records, point-in-time balances, and historical reference data across on-chain and off-chain activity.
- • The integrated service will support data intake from wallets, balances, and transactions while standardizing and normalizing data across diverse blockchain systems and digital asset service providers, creating a unified reporting infrastructure.
- • Northern Trust is positioning the capability within its broader digital asset servicing strategy, combining traditional and digital asset reporting into a single institutional platform.
Summary
Northern Trust has entered into a strategic partnership with Lukka, a digital asset data infrastructure provider, to enhance its digital asset reporting and custody capabilities. Under the agreement, Northern Trust will leverage Lukka's data platform to establish connectivity across more than 100 blockchains and over 400 centralized exchange (CEX) and decentralized exchange (DEX) sources, along with custodians, OTC desks, wallets, and on-chain activity monitors.
The partnership directly addresses a documented institutional need for scalable, standardized reporting tools for digital asset activity. Justin Chapman, head of Northern Trust's digital and financial markets strategic partnerships group, stated: "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 integrated service will support the intake and standardization of wallet, balance, and transaction information while enabling digital asset reporting at scale. Lukka's platform supplies data infrastructure, software, and analytical tools designed to help institutions collect, standardize, match, and report data tied to complex digital asset activity. The system is built to handle data administration, reporting, valuation, compliance, and risk processes across both on-chain and off-chain transactions.
By unifying reporting across traditional and digital asset classes, Northern Trust is positioning itself to capture institutional demand from clients managing multi-asset portfolios. The arrangement represents a significant infrastructure investment in digital asset servicing, enabling Northern Trust to offer clients comprehensive transaction records with historical reference points and standardized data aggregation across a fragmented ecosystem of blockchain systems and digital asset service providers.
The partnership directly addresses a documented institutional need for scalable, standardized reporting tools for digital asset activity. Justin Chapman, head of Northern Trust's digital and financial markets strategic partnerships group, stated: "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 integrated service will support the intake and standardization of wallet, balance, and transaction information while enabling digital asset reporting at scale. Lukka's platform supplies data infrastructure, software, and analytical tools designed to help institutions collect, standardize, match, and report data tied to complex digital asset activity. The system is built to handle data administration, reporting, valuation, compliance, and risk processes across both on-chain and off-chain transactions.
By unifying reporting across traditional and digital asset classes, Northern Trust is positioning itself to capture institutional demand from clients managing multi-asset portfolios. The arrangement represents a significant infrastructure investment in digital asset servicing, enabling Northern Trust to offer clients comprehensive transaction records with historical reference points and standardized data aggregation across a fragmented ecosystem of blockchain systems and digital asset service providers.
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