INTERVIEW 🎙️ Robert Materazzi, Chief Executive Officer, Lukka - Your Digital Assets Data Partner
Channel: Beryl Elites
Date: 2023-12-18

🔔 Hit SUBSCRIBE button and be the first to get new videos 🎬 Stay tuned on upcoming 120 unique new educational videos covering various aspects of financial markets and artificial intelligence. Join us on this journey of knowledge and innovation at the BERYL ELITES conference!

🗓️ Save the date for the BERYL ELITES 6th Annual Alternative Investments conference, happening in NYC on Oct 28-29. Immerse yourself in 18 dynamic panels featuring 85 esteemed speakers from top financial, investment, and technology companies.

INTERVIEW 🎙️ Robert Materazzi, CEO, Lukka

You have been traveling globally, meeting customers and regulators, what might be something that isn't in the press that you would like us to know as part of your operations expanding Lukka?
❖ "Globally I visited, approaching 20 countries this year alone and meeting with our customers, with various regulators around the world. I'd say some of the biggest takeaways that I'm noticing that maybe isn't as apparent in the press is that there's a ton of effort going into the mature adoption of tokenized assets whether it's crypto or now tokenizing traditional assets. We're seeing a lot of different frameworks and businesses that are getting ready to launch which is very exciting to see, even though maybe in the U.S. we're seeing less certainty. But I'd say, it's not slowing down the rest of the world." 

Lukka was the first company serving the crypto industry to perform an AICPA SOC 1 Type II audit in 2018 and you're now using some more globally recognized frameworks.  What are your thoughts, how does that relate to the data business?
❖ In 2018 AICPA SOC 1type II was our first one. We were the first one the industry to obtain it which really for anyone that's not familiar it's all about processing integrity and data completeness and making sure that our products do that. So, if we have software, making sure gain-loss computations are accurate and the data is complete. We've since added on SOC 2 and also ISO/IEC certification, we have our Lukka Prime products, a certification of adherence from AICPA under their financial principles for benchmarks and we'll continue to get all of those different things that our customers need to help them trust us. I'd say that they're even more important when we're dealing with crypto assets because this ecosystem uses a lot more data and a lot more technology than traditional markets do, and it's a new technology that's very innovative. So we need to think about risk in some new ways but still need to think about risk. So, it's the same old frameworks but we're applying them to new technology risks that now exist today and that's been a big differentiator of Lukka from the beginning. So we'll continue to get those to help customers trust us and it's really built into our organization's DNA.  It is thinking about risk management first when we're building all of these products."

Lukka has recently acquired Coinfirm and adding their capability to support AML and compliant user cases. What do you see, how does this fit into the other software data offerings? 
❖ "We started off managing data for our customers and we built data products internally for our own internal use to make the software work. So whether they're pricing products or other standardization related products like our Lukka reference data product. Now today fast-forward, we've been offering all those products for several years to a lot of the biggest institutions in the world, both crypto native and traditional. Once you have your back office and your portfolio management or your books and records organized and you're auditable, you additionally need to manage counterparty risk. You need to make sure that you're complying with money laundering rules and other compliance use cases. Acquiring Coinfirm and all of their products was a natural   for Lukka as it's really just another capability that all of our existing customers need. We're very excited to be offering it in conjunction with our services and we are now the only company in the world that can offer software to manage data transaction data, the data products as standalone products, and also compliance and AML products, all under one house which has become very important. In particular recently, when companies are cost-cutting a bit more than usual due to the economic conditions and they're looking to consolidate vendors or streamline legal reviews vendor risk reviews. So, I am very excited to have acquired them this year." 

Stay informed about global financial markets, receive updates, and be the first to know about our future conference on June 24-25, 2024 by clicking SUBSCRIBE to our Beryl Elites channel.


Visit us at The Beryl Consulting Group LinkedIn page 
https://www.linkedin.com/company/11203570/admin/feed/posts/

Copyright 2024 The Beryl Consulting Group. All Rights Reserved.