Haruko to improve digital asset management by integrating Stacks
Haruko, a leading provider of digital asset solutions for institutions, has revealed its intention to integrate with Stacks, the top Bitcoin Layer-2 solution, as reported to Finbold on June 7.
This integration is designed 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 partnering with reputable platforms like Haruko, Stacks becomes more accessible to major players, thereby supporting the global advancement of the Bitcoin economy.”
– Mitchell Cuevas, Executive Director at the Stacks Foundation
Improved investment and risk management for institutional investors
Through the integration with Haruko, institutional investors will have the ability to invest in, monitor, and manage their STX investments alongside other assets.
This integration will also enable hedge funds and other institutional investors to engage in trading, risk management, and reporting for their STX holdings via Haruko’s centralized platform.
Additionally, Haruko’s clients will benefit from increased transparency and control, enabling more efficient risk management while leveraging the security and reliability of 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 enhanced security and stability through Stacks, among other features.
Setting the stage for sBTC introduction
This integration underscores Haruko’s dedication to offering cutting-edge solutions for institutional digital asset management.
Stacks also provides robust smart contract capabilities and decentralized applications (dApps), positioning itself as a key player in the digital asset landscape.
With the upcoming 2024 Nakamoto release, Stacks is poised to deliver faster transaction speeds and enhanced security, 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, empowering them to maximize the potential of passive BTC capital.
