Haruko to improve digital asset management through Stacks integration
Haruko, a pioneer in institutional digital asset solutions, has revealed its intention to merge with Stacks (STX), the leading Bitcoin (BTC) Layer-2 (L2) solution, as recently disclosed to Finbold on June 7.
Once operational, the merger aims to simplify the management of Stacks exposure for institutional investors and capitalize on Bitcoin as a programmable asset.
Mitchell Cuevas, Executive Director at the Stacks Foundation, highlighted the importance of this partnership, stating:
“By merging with institutional-grade platforms like Haruko, Stacks becomes more accessible to key players, thereby supporting the global advancement of the Bitcoin economy.”
Enhanced 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 oversee their STX investments alongside other assets.
This advancement will also 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 clients will experience improved transparency and control, managing risk more effectively while benefiting from the security and stability of the Stacks blockchain.
The merger also guarantees simplified management of Stacks exposure and Bitcoin-based digital assets, effortless consolidation of transactions, smart contracts, and non-fungible tokens (NFTs), heightened security and stability through Stacks, and more.
Paving the way for the introduction of sBTC
The merger underscores Haruko’s dedication to offering cutting-edge solutions for institutional digital asset management. Stacks also provides robust smart contract functionality and decentralized applications (dApps), establishing itself as a key player in the digital asset ecosystem.
With the forthcoming 2024 Nakamoto release, Stacks is poised to deliver quicker transaction speeds and enhanced security, setting the stage for the introduction of sBTC, a programmable Bitcoin asset.
Therefore, the collaboration between Haruko and Stacks will open up new possibilities for institutional investors, empowering them to tap into the full potential of passive BTC capital.
