LONDON, UK — 11 June 2024 — Haruko, an industry-leading provider of digital asset technology solutions for institutions, today announced plans for its integration with Stacks, the leading Bitcoin Layer-2 (L2) solution. Once live, this integration will simplify the way institutional investors manage their Stacks exposure and leverage Bitcoin as a programmable asset.
Upon Haruko’s integration of Stacks, institutional investors will be able to invest in, track and manage their investment in STX alongside other tokens and coins. Hedge funds and other institutional investors will be able to seamlessly trade, manage risk and generate reports for their STX holdings through Haruko’s unified platform. This integration will empower Haruko’s institutional clients with enhanced transparency and control, enabling them to manage their risk more efficiently while benefitting from the security and stability of the Stacks blockchain.
“By integrating with institutional-grade platforms like Haruko, Stacks becomes more accessible to key players which in turn supports global activation of the Bitcoin economy,” said Mitchell Cuevas, Executive Director at the Stacks Foundation.
“Haruko is thrilled to integrate with Stacks to enhance our offering for institutional clients,” said Shamyl Malik, CEO and co-founder of Haruko. “By integrating Stacks’ advanced Bitcoin layer, we can provide our clients with greater flexibility and efficiency in managing their digital asset portfolios. This marks a significant milestone in our mission to deliver cutting-edge solutions for institutional digital asset management.”
Key benefits for institutional investors:
- Simplified management of Stacks exposure and Bitcoin-based digital assets
- Transparency and control over on-chain activities
- Consolidation of transactions, smart contracts and NFTs
- Increased security and stability through the Stacks blockchain
- Flexibility and efficiency in managing digital asset portfolios
For more information about this integration and upcoming developments, please contact [email protected] or [email protected].
About Stacks
Stacks is a Bitcoin L2 that enables smart contracts and decentralised applications to use Bitcoin as a secure base layer. The 2024 Nakamoto release will bring faster speeds as well as transactions that are as irreversible as Bitcoin’s once confirmed, setting the stage for a programmable Bitcoin asset called sBTC later in the year. Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $1T in passive capital as a fully programmable, productive asset. The project explicitly decentralised with the mainnet launch in 2021. In the Stacks ecosystem there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund and more.
To learn more about Stacks, visit www.stacks.co and follow on LinkedIn and X.
About Haruko
Haruko provides the most comprehensive digital asset technology solution for institutions deploying capital across the digital asset ecosystem. Seamless consolidation of positions across exchanges, on-chain and OTC activity with access to real-time and historical pricing, risk and P&L reporting provides the transparency needed for effective treasury management, compliance, investor reporting and financial controllership functions.
Haruko has an experienced team of TradFi and digital industry veterans located across Europe and Asia supporting more than 50 institutional clients globally using the award-winning Haruko platform to optimise their front-, middle- and back-office workflows and operational controls.
For more information on Haruko, please visit haruko.com and follow on LinkedIn.
