Haruko, a leader in institutional digital asset solutions, has announced its plans to integrate with Stacks (STX), the premier Bitcoin (BTC) Layer-2 (L2) solution, as recently disclosed to Finbold on June 7.
Once live, the integration aims to streamline the management of Stacks exposure for institutional investors and leverage Bitcoin as a programmable asset.
Mitchell Cuevas, Executive Director at the Stacks Foundation, emphasized the significance of this collaboration, stating:
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“By integrating with institutional-grade platforms like Haruko, Stacks becomes more accessible to key players which in turn supports global activation of the Bitcoin economy.”
– Mitchell Cuevas, Executive Director at the Stacks Foundation
Enhanced investment and risk management for institutional investors
With the integration of Stacks into Haruko, institutional investors will be able to invest in, track, and manage their STX investments alongside other assets.
This development will also allow hedge funds and other institutional investors to trade, manage risk, and generate reports for their STX holdings through Haruko’s centralized platform.
Moreover, Haruko clients will enjoy enhanced transparency and control, managing risk more efficiently while benefiting from the security and stability 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), increased security and stability through Stacks, etc.
Paving the way for the introduction of sBTC
The integration underscores Haruko’s commitment to providing cutting-edge solutions for institutional digital asset management.
Stacks likewise offers robust smart contract functionality and decentralized applications (dApps), positioning it as a pivotal player in the digital asset ecosystem.
With the upcoming 2024 Nakamoto release, Stacks is set 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 thus unlock new opportunities for institutional investors, enabling them to harness the full potential of passive BTC capital.
