Hopf algebra $\mathcal{K}_n$ and universal Chern classes

We construct a variant $\mathcal{K}_n$ of the Hopf algebra $\mathcal{H}_n$, which acts directly on the noncommutative model for the generic space of leaves rather than on its frame bundle. We prove that the Hopf cyclic cohomology of $\mathcal{K}_n$ is isomorphic to that of the pair $(\mathcal{H}_n, {\mathop{\rm GL}_n})$ and thus consists of the universal Hopf cyclic classes. We then realize these classes in terms of geometric cocycles.