Crypto-focused software firm Lukka raises $53M in funding round

Lukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space.
Just a few weeks before the filing deadline for U.S. taxpayers, cryptocurrency accounting and data company Lukka said it had raised an additional $53 million in a new funding round.In an announcement today, Lukka said it had completed a $53 million Series D funding round led by Soros Fund Management — a fund created by billionaire investor George Soros — S&P Global, and accounting advisor Lukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space.“Innovation in the crypto ecosystem has exposed traditional finance to a new way of exchanging assets around the world,” said Lukka co-CEO Robert Materazzi. “This new capital will help Lukka stay at the forefront of innovation so that we can continue to solve [institutions’] most complex data challenges.”The company has raised $75 million in the last year from the three investors as well as financial services company State Street and other institutional investors. Serving more than 200 active crypto funds, Lukka has reportedly processed $4.4 trillion in unique transactions to date.As the adoption of digital assets rises, many users have expressed their concerns about crypto tax management. The latest funding round for Lukka could be an indication of investors trying to capitalize the need for specialized accounting services. The firm is already providing crypto tax software to the fifth-largest accounting firm …
Story continues on Cointelegraph

Related posts
ArtArtistsCointelegraph.comGovernmentNFTNonfungible TokensRussiaSaint-Petersburg

Russia’s Hermitage museum to host NFT art exhibition

The NFT exhibition will be part of the “Hermitage 20/21” project. Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens.Scheduled to take place in 2021, the Hermitage’s…
AuctionBhad BhabieCardanoCointelegraph.comNFTsNiftyOpenseaPrinceRaribleSophia the Robot

Nifty News: Sophia the Robot sells $1M worth, Cardano to clone NFT platforms, and more

Sophia the Robot has generated more than $1 million in NFT sales, Bhad Bhabie is dropping NFTs to help the “troubled teen industry”, Cardano trying to convince top NFT platforms to port over. If creative self-doubt and competition between humans…
australian governmentCointelegraph.comcritical minerals pilotfood and beverage provenance pilotnational blockchain roadmap

Australian government offers $6M in grants to innovative blockchain teams

The Australian government has made two grants of up to $3 million available to blockchain teams targeting minerals certification and excise taxation solutions. The Australian government has opened applications for grants  up to $3 million each in funding to blockchain…