Lukka, the top provider of institutional crypto asset data and data management, revealed that it had acquired Venato, a Web3 blockchain analytics platform. In order to further enhance existing capabilities and integrate them with current Lukka products, Venato's R&D and Engineering team, which has extensive experience in blockchain, Web3, and decentralised finance (DeFi) development, will join Lukka as part of the acquisition.

 

Via the acquisition of Venato's assets and personnel by Lukka, Lukka now has access to an analytical engine with cutting-edge profit and loss tracking, a search and aggregation function for blockchain transactions, and an intelligence framework to categorise and identify DeFi transactions. Due to the more than 90 protocols Venato supports, Lukka can add more clarity to its DeFi data sets through the acquisition, enabling more sophisticated risk processes that enhance its present data gathering and reporting capabilities.

 

"This acquisition marks an important milestone for Lukka. It will allow us to further grow our Web3 and decentralized capabilities, as well as strengthen our commitment to provide innovative and secure solutions for our customers. We are excited about the potential this partnership brings and look forward to the opportunities it presents for our business and the industry as a whole." - Kinga Bosse, Global CFO of Lukka

 

In addition to driving considerable transaction volumes throughout the ecosystem, the institutional demand for reporting that incorporates both on-chain and off-chain data sources is increasing, which complicates the middle and back-office operations of organisations. Lukka will keep expanding its on-chain services to satisfy the demands of its institutional clientele all around the world. With offices in Zug, Switzerland, and Singapore, among others, Lukka is a multinational corporation that can provide best-in-class technology wherever its clients.