Haruko to improve digital asset management through Stacks integration
Haruko, a leading provider of digital asset solutions for institutions, has announced its intention to integrate with Stacks, the top Bitcoin Layer-2 solution, as revealed to Finbold on June 7.
The integration aims to simplify the management of Stacks exposure for institutional investors and utilize Bitcoin as a programmable asset once implemented.
Mitchell Cuevas, Executive Director at the Stacks Foundation, highlighted the importance of this partnership, stating:
“By connecting with high-quality platforms like Haruko, Stacks becomes more accessible to key players, supporting 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, monitor, and manage their STX investments alongside other assets.
This integration will enable hedge funds and other institutional investors to trade, manage risk, and generate reports for their STX holdings through Haruko’s centralized platform.
Additionally, Haruko clients will benefit from increased transparency and control, allowing them to manage risk more effectively while taking advantage of the security and reliability of the Stacks blockchain.
The integration also promises simplified management of Stacks exposure and Bitcoin-based digital assets, streamlined consolidation of transactions, smart contracts, and non-fungible tokens (NFTs), as well as enhanced security and stability through Stacks.
Setting the stage for the introduction of sBTC
The integration demonstrates Haruko’s dedication to providing cutting-edge solutions for institutional digital asset management. Stacks also offers robust smart contract functionality 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 improved 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 maximize the potential of passive BTC capital.