Haruko, a leader in institutional digital asset solutions, has revealed its intentions to merge with Stacks (STX), the top Bitcoin (BTC) Layer-2 (L2) solution, as recently reported to Finbold on June 7.

Once implemented, the merger aims to simplify the management of Stacks exposure for institutional investors and utilize Bitcoin as a programmable asset.

Mitchell Cuevas, Executive Director at the Stacks Foundation, highlighted the importance of this partnership, stating:

“By integrating with high-quality platforms like Haruko, Stacks becomes more accessible to major players, thereby supporting the global activation of the Bitcoin economy.”

– Mitchell Cuevas, Executive Director at the Stacks Foundation

Improved investment and risk management for institutional investors

Through the integration of Stacks into Haruko, institutional investors will have the ability to invest in, monitor, and manage their STX investments alongside other assets.

This advancement will enable hedge funds and other institutional investors to trade, manage risk, and create reports for their STX holdings through Haruko’s centralized platform.

Additionally, Haruko customers will experience improved transparency and control, effectively managing risk while taking advantage of the security and stability offered by the Stacks blockchain.

The merger also guarantees simplified management of Stacks exposure and Bitcoin-based digital assets, seamless consolidation of transactions, smart contracts, and non-fungible tokens (NFTs), enhanced security and stability through Stacks, and more.

Paving the way for the introduction of sBTC

The merger underscores Haruko’s dedication to providing cutting-edge solutions for institutional digital asset management. Stacks also provides strong smart contract functionality and decentralized applications (dApps), positioning it as a key player in the digital asset ecosystem.

With the upcoming 2024 Nakamoto release, Stacks is poised to deliver quicker transaction speeds and enhanced security, paving the way for the introduction of sBTC, a programmable Bitcoin asset.

The collaboration between Haruko and Stacks will open up new opportunities for institutional investors, enabling them to fully leverage the potential of passive BTC capital.

Haruko, a leading provider of institutional digital asset solutions, has revealed its intention to merge with Stacks (STX), the top Bitcoin (BTC) Layer-2 (L2) solution, as recently revealed to Finbold on June 7.

This integration, once operational, aims to simplify the management of Stacks exposure for institutional investors and utilize Bitcoin as a programmable asset.

Mitchell Cuevas, the Executive Director at the Stacks Foundation, highlighted the importance of this partnership, stating:

“By collaborating with institutional-grade platforms like Haruko, Stacks becomes more accessible to key players, thereby supporting the global expansion of the Bitcoin economy.”

– Mitchell Cuevas, Executive Director at the Stacks Foundation

Improved investment and risk management for institutional investors

Through the integration of Stacks into Haruko, institutional investors will have the ability to invest in, monitor, and oversee their STX investments alongside other assets.

This advancement will enable hedge funds and other institutional investors to trade, manage risks, and create reports for their STX holdings using Haruko’s centralized platform.

Additionally, Haruko clients will experience enhanced transparency and control, effectively managing risks while taking advantage of the security and reliability of the Stacks blockchain.

The integration also guarantees simplified management of Stacks exposure and Bitcoin-based digital assets, smooth consolidation of transactions, smart contracts, and non-fungible tokens (NFTs), as well as increased security and stability through Stacks, among other benefits.

Setting the stage for the launch of sBTC

The integration underscores Haruko’s dedication to delivering cutting-edge solutions for institutional digital asset management. Stacks also provides robust smart contract functionality and decentralized applications (dApps), positioning it as a key player in the digital asset ecosystem.

With the upcoming 2024 Nakamoto release, Stacks is poised to offer faster transaction speeds and enhanced security, paving the way for the introduction of sBTC, a programmable Bitcoin asset.

The partnership between Haruko and Stacks will open up new possibilities for institutional investors, enabling them to fully leverage the potential of passive BTC capital.