Private funds clients with alternative investments are in focus as State Street teams with crypto expert Lukka to expand its digital-asset fund administration offer.

Lukka, referred to in State Street’s press release as an “enterprise crypto asset data and software provider”, will support the global custodian in providing the private funds clients with “digital and cryptocurrency asset fund administration capabilities”.

“State Street will support its private fund clients with collection, standardization, enrichment, reconciliation, processing and reporting related to crypto and other digital assets,” it says.

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