Haruko to improve digital asset management through integration with 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, according to a recent disclosure to Finbold on June 7.
The 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 connecting with high-quality platforms like Haruko, Stacks becomes more accessible to key players, thereby promoting the global utilization of the Bitcoin economy.”
The integration of Stacks into Haruko will offer institutional investors the ability to invest in, monitor, and manage their STX investments alongside other assets. This collaboration will also enable hedge funds and other institutional investors to trade, manage risks, and generate reports for their STX holdings through Haruko’s centralized platform.
Additionally, clients of Haruko will benefit from increased transparency and control, allowing for more efficient risk management while taking advantage of the security and stability provided by the Stacks blockchain.
The integration will also simplify the management of Stacks exposure and Bitcoin-based digital assets, streamline transaction consolidation, smart contracts, and non-fungible tokens (NFTs), as well as enhance security and stability through Stacks.
This integration sets the stage for the introduction of sBTC, showcasing Haruko’s dedication to offering cutting-edge solutions for institutional digital asset management. Stacks also provides robust smart contract capabilities and decentralized applications (dApps), solidifying its position 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.
