Lukka

Trident Trust, a global leader in fund administration, faced significant challenges when it first ventured into the crypto space in 2017. The company had to collect its clients' crypto transactional data through mechanisms that were often cumbersome and unsustainable, such as manual input, files, and screenshots. Once the data was collected, Trident used spreadsheets to apply price and derive the trading activity value. This process was not only laborious but also required Trident to manually transform the data into a format that was easily consumable by traditional fund accounting systems. The lack of automation and the need for manual intervention made the process inefficient and prone to errors.