S&P, State Street Back $15M Investment in Crypto Data Startup Lukka
Lukka is looking to go mainstream with a strategic investment from three stalwarts of traditional finance.
State Street says it plans to evolve into a “multi-asset platform” to support cryptocurrency trading and more.
U.S. Bank could be the proverbial “one to watch” in the digital asset space, says Securrency Chief Strategy Officer Patrick Campos.
Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.
The plan is to transpose FX infrastructure to the crypto space via a bank-led consortium.
The global custodian would custody ETF shares and provide fund accounting if the ETF approved by the SEC.