Haruko to bolster digital asset management by integrating with Stacks
Haruko, a pioneer in digital asset solutions for institutions, has revealed its intention to integrate with Stacks (STX), the leading Bitcoin (BTC) Layer-2 (L2) solution, in a recent announcement to Finbold on June 7.
The integration, once implemented, is aimed at simplifying the management of Stacks exposure for institutional investors and utilizing Bitcoin as a programmable asset.
Mitchell Cuevas, the Executive Director at the Stacks Foundation, highlighted the importance of this partnership, stating:
“By partnering with top-tier platforms like Haruko, Stacks becomes more accessible to key players, thus promoting the global expansion of the Bitcoin economy.”
Improved investment and risk management for institutional investors
Through the integration of Stacks into Haruko, institutional investors will have the ability to invest in, track, and manage their STX holdings alongside other assets.
This collaboration will enable hedge funds and other institutional investors to trade, manage risks, and generate reports for their STX investments through Haruko’s centralized platform.
Additionally, clients of Haruko will benefit from enhanced transparency and control, allowing them to manage risks more effectively while taking advantage of the security and stability offered by the Stacks blockchain.
The integration also promises simplified management of Stacks exposure and Bitcoin-based digital assets, seamless consolidation of transactions, smart contracts, and non-fungible tokens (NFTs), as well as increased security and stability through Stacks.
Paving the way for the introduction of sBTC
The integration underscores Haruko’s dedication to providing cutting-edge solutions for institutional digital asset management.
Stacks, on the other hand, offers robust smart contract capabilities and decentralized applications (dApps), positioning itself as a key player in the digital asset ecosystem.
With the upcoming 2024 Nakamoto release, Stacks is poised to deliver faster transaction speeds and enhanced security, thereby paving the way for the introduction of sBTC, a programmable Bitcoin asset.
The collaboration between Haruko and Stacks will unlock new possibilities for institutional investors, enabling them to harness the full potential of passive BTC capital.